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Future share price soars by double-digits after reaffirming high expectations

The share price of Future plc (FUTR) soared by 15 percent on the opening of the markets after reaffirming its strong performance for the full year.

In a pre-close full year trading update, Future noted its results are expected to be 'materially' ahead of expectation - this follows on from its previous business update that confirmed its online websites were seeing a surge in visitors globally.

"We are delighted the strong Group performance has continued, putting Future on track to deliver full-year results materially ahead of expectations. Whilst macro uncertainty remains in light of the pandemic, we are well positioned to benefit from the continued shift to digital media as we grow our global audiences."

Zillah Byng-Thorne, CEO of Future

In addition to this, it is delivering on synergies expected from the acquisition of TI Media with £10m being secured and £3m of this benefit to be reflected in the full year results for 2020.

The share price of Future is currently at an all-time high of 1,672p.

Its full year results are due to be published on 2 December.

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