Future warns of tough times

Though it insists that its half-year financials (which are due to be published on May 20th) should meet its previously published expectations, Future has issued a cautious pre-close trading update.

Games, which comprises 30 per cent of group revenue, continues to experience a very tough market and difficult comparatives,” a Future spokesperson stated.Advertising in the US, which has more exposure to the games market, remains under pressure.”

The numbers are expected to show a year-on-year decrease, though Future pegs less favourable currency impacts” as the main driver behind the dip.

It adds that special-interest titles within the active, technology and music & movies segments ‘continue to show resilience’.