Future’s share price took a dip on Wednesday morning despite it announcing record revenue and profit growth in its results for the year to 30 September 2022.

Investors were unimpressed by Future’s cautious outlook for the year ahead. Despite pre-tax profit increasing by 58% to £170m and revenue rising 36% to £825m, the initial reaction of investors to the results announcement was for the share price to drop – down around 5% at midday on the London Stock Exchange following the 7am results announcement.

Future‘s share price has dropped from a peak of £38.30 at the start of this year.