Proactive Investors - Run By Investors For Investors

Next Fifteen higher as it forecasts “positive change” from Archetype agency in second half

The digital communications firm said trading at the start of the year had been as expected, with results from the “significant” changes at Archetype forecast for the second half
digital communications
The company also said its recent acquisitions were making a “strong contribution” to growth

Next Fifteen Communications Group PLC (LON:NFC) shares were higher on Wednesday after it reiterated its full year guidance following a period of “positive changes” at its Archetype marketing agency.

In an update to be delivered at its AGM on Wednesday, the digital communications firm said trading at the start of the year had been in line with its expectations, with the results from the “significant” changes at Archetype expected to be felt in the second half.

READ: Next Fifteen CEO sees “lots of scope” for acquisitions in new year as profits jump in 2018

The company added that its recent acquisitions were making a “strong contribution” to growth and it continued to have a good pipeline of purchases in both the US and the UK.

As a result, the group was confident in its prospects for the full year.

Next also announced that Helen Hunter, the chief data officer of FTSE 100 supermarket J Sainsbury PLC (LON:SBRY), would be joining the board as an independent non-executive director.

Hunter has worked for Sainsbury’s for nine years and over that period has proposed and developed propositions such as the supermarket’s Brand Match scheme and its new Nectar initiative.

Richard Eyre, Next Fifteen’s chairman, said Hunter would be “a highly valuable addition” to the board.

“Her expertise as an exceptional leader in data management and customer relationships lies in the intersection of data, technology and creativity, areas at the heart of Next 15’s strategy”, he added.

Meanwhile, the company said Genevieve Shore, the firm’s senior independent director, would step down at the end of the AGM.

In mid-afternoon trading the shares were up 3.8% at 627.7p.

--Adds share price--

View full NFC profile View Profile

Next Fifteen Communications Group PLC Timeline

January 29 2019

Related Articles

July 05 2019
With over 1.6 billion people globally learning the language, Lingo has developed a SaaS platform that seamlessly blends education and technology
Live Company
July 05 2019
In June 2019 the company signed a five-year deal to create tours themed around properties owned by children’s television network Nickelodeon
Augmented Reality on phone
March 21 2019
The firm currently has around nine companies in its portfolio that are either direct investments or through its sub-fund, Suir Valley Ventures, in which it holds a 22% stake

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use