Shares in Future PLC (LON:FUTR) picked up on Monday after the publishing and media firm issued a bullish trading update.
The FTSE 250-listed group said that positive trends from the first half had continued into the second and, as a consequence, its results for the full year were expected to be “ahead of expectations”.
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Future said the strong performance had been driven by good audience growth within its media arm as well as a “strong underlying performance” from recent acquisitions.
The company also announced that its current chief financial officer, Penny Ladkin-Brand, will step down from 1 January 2020 in order to take up the new role of chief strategy officer.
The search for a new CFO had commenced, Future said, with a replacement anticipated to be in place by the end of 2019.
"I am delighted that Penny will remain a part of Future's leadership team, as we continue to deliver our strategy to build a global specialist media platform driven by technology”, said Zillah Byng-Thorne, Future’s chief executive.
"Penny has made a significant contribution to the development of Future over the past four years and has steered the business through a period of substantial growth and progress", the CEO added.
In mid-morning trading, Future shares were 9% higher at 1,056p.