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Future shares slip despite eight consecutive years of record sales

Sales at Future, whose boss Zillah Byng-Thorne (pictured) is stepping down by the end of next year, jumped 36 per cent to £825m as of September 30.

Futures shares slip as magazine publisher posts eighth consecutive year of record sales and profits

Futures shares fell despite an eighth straight year of record sales and profits.

Sales at the publishing empire, whose longtime boss Zillah Byng-Thorne is stepping down by the end of next year, jumped 36 per cent to £825m as of September 30. Profits soared 58% to £170million.

He was boosted by the outstanding performance of Go Compare and its personal finance site The Money Edit as users search for ways to save money.

Sales at Future, whose boss Zillah Byng-Thorne (pictured) is stepping down by the end of next year, jumped 36 per cent to £825m as of September 30.

Sales at Future, whose boss Zillah Byng-Thorne (pictured) is stepping down by the end of next year, jumped 36 per cent to £825m as of September 30.

But a warning from the company behind magazines such as Four Four Two, Country Life and Marie Claire that it would see only ‘modest earnings growth’ next year spooked investors yesterday.

Shares fell 5.3%, or 78p, to 1,405p as Hargreaves Lansdown analyst Susannah Streeter said the “stark results” were overshadowed by recession fears.

She added: “There is also nervousness about the road ahead for Future without Zillah Byng-Thorne at the helm.

Under her Future has become a publishing powerhouse, and it seems the company is still looking for its replacement.

Byng-Thorne, 48, has been one of Britain’s most successful bosses since taking office in April 2014, transforming Future from a £30m business on the brink of collapse into an empire of 2 billion pounds sterling from 250 titles.

Its fondness for titles continued last year, with the publisher spending £400m on buyouts.

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