Shares in publishing firm Future (FUTR) jumped 6.5% in morning trade to £20.25 after it upgraded its annual profit outlook following a ‘positive start to the year’. In a trading update for the four-month period to 31 January, Future said it had ‘continued to benefit from high levels of online engagement’, notably during Black Friday and Christmas. Its Media division grew revenue ...

UK stocks traded higher on Wednesday as mining stocks found favour thanks to a sharp rally in metals and commodity prices. In Asian trading the Shanghai Composite SE index surged 1.4% and Japan’s Nikkei 225 index gained 0.2%. Gold prices were 0.3% higher at $1,845 an ounce and Brent oil prices were slightly lower at $60.8 a barrel. At 12 pm the FTSE 100 was up 27 points or 0.4% t0 6,559 ...

Publishing firm Future (FUTR) dipped 0.3% to £18.54 as it posted a brief trading update alongside its AGM and confirmed it was closing on completion for its acquisition of the Go Compare comparison site owner Goco (GOCO). The company said one in three people in the UK and US read its content in 2020 thanks to a mix of underlying growth in audience engagement and the increased consumption of ...

UK stocks opened higher on Wednesday after a clutch of positive corporate results and dividend resumptions. In Asian trading the Shanghai Composite SE index surged 1.4% and Japan’s Nikkei 225 index gained 0.2%. Gold prices were 0.3% higher at $1,845 an ounce and Brent oil prices were slightly lower at $60.8 a barrel. At 08.45 am the FTSE 100 was 14 points higher at 6,546 ...

Next month the banking sector will be able to start paying dividends to its shareholders again. However, before investors get too excited about renewed payouts from these erstwhile income favourites there is a potential sting in the tail. The Prudential Regulation Authority will allow the banks to pay a dividend covering their 2020 financial year but dividends for 2021 can only be accrued and ...

At least one person appears to be a very big fan of Future’s (FUTR) recommended £535 million cash and shares deal for Goco (GOCO). Goco’s largest shareholder and chairman Peter Wood has snapped up £2 million worth of Future shares after they slumped in the wake of the deal being unveiled to the market (25 Nov). Future’s shares were trading close to £20 and within sight of record ...

Shares in FTSE 250 media firm Future (FUTR) have plunged over 12% to £17.25 after it announced a £594 million takeover deal for Goco (GOCO), the GoCompare.com price comparison website-owner. The cash and shares offer, at 136p per share or a 23.6% premium to the previous closing price, will see GoCo investors own 19% of the combined company. GoCo shares jumped 19% to 130.8p on the ...

UK stocks continued their advance on Wednesday on the back of a swathe of positive news and upgraded guidance and encouraged by the Dow Jones index in the US hitting a record 30,000 points. At 8.45am the FTSE 100 index was up a further 24 points or 0.4% to 6,456 led by gains in industrial and utility stocks. Aerospace and auto parts maker Melrose (MRO) was the biggest climber on the ...

The main reason investors care about valuation is because of the risk of suffering underperformance if they overpay for a stock. There are many different approaches used to value companies ranging from discounted cash flow based measures, relative valuation and multiple based methods. In this article we take a closer look at specific valuation metrics used by four fund managers and discuss ...

UK stocks erased earlier losses and tipped into positive territory on Friday afternoon despite US non-farm payrolls data showing the weakest gain since the recovery in jobs began in May with 0.66 million new jobs created last month compared with 1.5 million in August. The FTSE 100 closed 0.4% higher at 5,902. CORPORATE NEWS Logistics company Wincanton (WIN) rallied 5% to 223p as it stuck ...

UK stocks traded lower at midday on Friday following weaker European markets as risk aversion was the order of the day amid rising volatility after news that Donald Trump tested positive for Covid-19, adding an extra element of political uncertainty in the US just a month before the presidential election. At 12:00, the benchmark FTSE 100 index was down 0.8%, at 5,835 points. Trump, 74, and ...

Publishing group Future (FUTR) dipped 1.5% to £19.23 amid wider market weakness as it announced its latest acquisition – US digital entertainment publisher CinemaBlend. The financial details of the deal have not been disclosed but the website generated revenue of $3.1 million in 2019, up from $2.7 million the previous year, and according to Future has seen significant growth in 2020. The ...

The appeal of a growth company is easy to understand – when we put our money into a business which we expect to grow rapidly we can imagine the worth of our investment growing fast too. Many of today’s largest companies were once small or medium-sized operations which have expanded their business by targeting a buoyant market or identifying a particularly profitable niche. And growth as ...

Publisher Future (FUTR) gained 13.6% to £16.48, marking new record highs as it said it expected full-year adjusted operating profit to be 'materially ahead of current market expectations.' The shares have now more than doubled from their coronavirus lows and trade materially higher than they did prior to the pandemic. In August, organic unique visitors in the UK and US were up 25% and ...

UK shares got off to an encouraging start thanks to a raft of positive trading updates and raised guidance. The FTSE 100 index of leading stocks climbed 0.9% in early trade to 5,852 points thanks to gains in healthcare and retail stocks. The sell-off in US stocks, which wiped 4.3% off the S&P500 index and 6.4% off the Nasdaq 100 index over Thursday and Friday, was on hold as US markets ...

Not too many businesses are currently guiding for their results to come in at the top end of expectations, indeed many are not providing any guidance at all, but media stock Future (FUTR) has bucked the trend. A strong showing for its digital business through lockdown, progress on the integration of the recently acquired TI Media business, which brought in a number of publications including ...

UK stocks ended Monday’s trading session modestly lower as worries over the size of future financial packages in Europe and the US overshadowed positive Covid-19 vaccine and treatment data and oil companies also weighed on sentiment. London’s benchmark FTSE 100 index closed down 28.78 points, or 0.46%, at 6,261.52. LARGE AND MID CAP RISERS AND FALLERS BP (BP.) dropped 2% to 303.2p and ...

Magazine publisher Future (FUTR) managed solid gains on a down day for the markets as it guided for full year numbers at the top end of expectations. The shares were up 6.8% to £12.92. The company behind titles like TechRadar and Marie Claire UK reported the integration of its TI Media acquisition was on track with performance also benefiting from tight cost control and a strong audience for ...

UK stocks eased on Monday ahead of the latest round of talks with the European Union regarding Britain’s post-Brexit trading relationship with the bloc. Early confidence that a deal could be reached quickly has ebbed, with the two sides seemingly as far apart as ever. Sterling was steady against the US dollar at $1.2560 while Brent crude futures fell for a third session to $42.75 and gold ...

UK stocks slumped in early trade on Friday, the FTSE 100 down 113 points or 1.9% to 5,902.3, after retail sales tanked in April and China proposed a new security law in Hong Kong that stoked trade tensions with the US. Luxury goods leader Burberry (BRBY) bucked the trend, adding 2% to trade at £14.02 as the trench coats-to-cashmere scarves seller said year-to-date sales in Mainland China and ...