Special interest magazine publisher Future said today it expected full year financial results to be at the ‘lower end of market expectations’ as its US business was likely to make a trading loss.

Future issued a trading update today, ahead of full year results expected later in the year, saying it had been hurt by newsstand disruption and a revenue shortfall in its US business, which usually accounts for 30 per cent of the company’s revenue.

The company said it had appointed a new boss in the US to help deal with its shortfall there.