Sharewatch: Future Sees Increase Following Acquisitions

Specialist magazine publisher Future Network saw a strong performance last week, gaining 11.81% to close at 71p on Friday, giving them domination of last weeks market.

Future recently added Beach Magazines Publishing to their portfolio, incorporating Junior, Junior Pregnancy and Wedding Day magazine.

The recent acquisitions show a continuing trend in Future’s new more aggressive expansion in its magazine portfolio (see Future Appoints Marketing Head For Aggressive Strategy).

Elsewhere, rival magazine publisher Highbury House was hit hard, losing 16.67% from its week on week analysis to close at 7˝p on Friday. This follows a pessimistic trading statement earlier this year warning investors that the company would fail to meet expectations later this year (see Highbury House Unable To Meet Full-Year Expectations).

Elsewhere, Newspaper publishing giant Trinity Mirror has slipped by 3.89% to close at 605p on Friday, this comes despite a positive trading statement last week.

The closing prices of media company shares on Friday were: