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19 May 2021 | 07:36am StockMarketWire.com - Specialist media group Future said full-year results may be materially ahead of market expectations, as it reported better-than-anticipated profit and revenue in the first half of the year. For the six months ended 31 March 2021, pre-tax profit rose 110% to £56.9 million year-on-year as revenue increased 89% to £272.6 million. The more than doubling of profit was driven by the media division s organic growth of 30% and in particular digital advertising on-platform organic growth of 30% and eCommerce affiliates organic growth of 56%, the company said. Looking ahead, the company said that whilst it remained cautious about the wider macroeconomic uncertainties associated with COVID-19, it was confident in the outlook for the group and expect the full year to be materially ahead of market expectations, underpinned by an exceptional H1 performance. ....
19 May 2021 | 16:36pm StockMarketWire.com - Global inflation worries, with UK consumer prices rising faster than expected in April, kept markets on the back foot on Wednesday with the FTSE 100 closing down 1.2% to 6,950.20. By 4.30pm UK time the US S&P 500 index was 1% lower at 4,084.86. Premier Foods dipped 0.2% to 102.2p, having declared a dividend for the first time in 13 years after its annual profit more than doubled. The maker of Mr Kipling cakes and Bisto gravy enjoyed high demand for groceries during lockdowns that helped it reduce a large debt pile. It recommended a final dividend of 1p per share. Specialist media group Future rallied 11.5% to £26.70 as it forecast full-year results materially ahead of market expectations, after its first-half profit more than doubled. ....
19 February 2021 | 11:58am StockMarketWire.com - The FTSE 100 was flat at midday a little above 6,600 as investors await Monday s update on the easing of UK coronavirus restrictions and with sterling hovering around two-year highs. US futures suggested there would be a bit of a recovery on Wall Street after the sell-off seen yesterday. NatWest reported an operating loss of £351 million for 2020, down from £4.2 billion pre-tax profit last year. The bank said net impairment charges were £3.2 billion and announced it will pay a dividend of three pence per share. Its shares rose 1.8% to 174.4p. Warehouse landlord SEGRO reported a rise in pre-tax profit of 10.8% to £296.5 million for 2020. ....