Media group Future, publisher of titles including T3, TechRadar, MacFormat and PC Gamer, has seen its share price drop following its recent profits warning.
On Friday it warned shareholders that profits will be “significantly below” expectations once again in its next report, leading to 30 per cent of its value being slashed on the markets. At the end of the year Future was trading at 16.30p. Prior to its statement on Friday it was trading at 13p. As of today that price has fallen to 8.70p.
CEO Mark Wood said Future had anticipated more advertising around games launches after the new consoles were launched, but added that game delays meant game advertising spend was also delayed.