Future Publishing shares dive following profits warning

Publisher's share price falls by over 30 per cent following announcement
Publish date:

Future Publishing has seen its share price fall by over 30 per cent following a recent profits warning.

On Friday future warned its shareholders that profits are set to be “significantly below” expectations once again in its next report.

At the end of the year Future was trading at 16.30p. Prior to its statement on Friday it was trading at 13p. Today that share price has fallen to 8.70p.

In the cycling market, the publishing group is responsible for print titles including Mountain Biking UK, Cycling plus, Pro Cycling and What Mountain Bike.

Mark Wood, Future's CEO said earlier this month following the release of ABC audit figures: "Our strategic transition towards becoming a digitally-focused content business continues and is clearly reflected in our ABC figures, which again underlines our position as the number one publisher of digital editions in the UK."

You can read more about individual magazine performances in the March edition of BikeBiz.

Featured Jobs

cls logo_jpg 600x348

Bike Mechanic

Club La Santa I Lanzarote, Canary Islands I Competitive Salary & Benefits I Date Published Monday 7th January 2019

LTR coral logo 620x349

Local Project Manager (x3 roles)

Love to Ride I North East Lincolnshire, Slough, Southampton I Salary: £32,500 equivalent (PT, temporary) I Date Published Monday 7th January 2019

Logo stacked

Head of Marketing

Brompton I West London I Salary Competitive I Date Published Wednesday 9th January 2019


Senior Sales Executive

BikeExchange I UK Nationwide I Salary TBC Depending on level of experience I Date published Wednesday 16th January 2019