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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Future trades 'broadly in line' with expectations

(Sharecast News) - Media business Future said on Wednesday that year-to-date trading had been "broadly in line with expectations", despite seeing a slowdown in digital advertising revenues and pressure from FX swings.

Future said its price comparison unit had been strong in the four months ended January, with good growth in its business-to-business unit, offsetting a softer performance for affiliate products and digital advertising, which it laid at the feet of "continued macroeconomic pressures and low visibility".

The London-listed group also noted that its magazines division had remained "resilient" throughout the period, with its 'Hero brands' outperforming the wider portfolio.

As of 1025 GMT, Future shares were down 3.20% at 695.0p.

Reporting by Iain Gilbert at Sharecast.com

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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