Staff at Future, the owner of magazines from Marie Claire to Metal Hammer, are to share a £10m bonus pot after the pandemic-proof publisher reported expectation-busting revenues and profits for the year.
Shares in the company, which also owns digital assets including Techradar and comparison site GoCompare, soared by more than 15% to make it the biggest riser on the FTSE 250 on Tuesday morning as investors cheered a forecast that next year will be even better, with results “materially above” existing estimates.
Future reported a doubling of profit before tax to £107.8m, and a 79% increase in revenues to £606m in the year to the end of September. While these figures were flattered by fresh acquisitions made during the year, the company still
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