Bath-headquartered specialist media group Future has postponed two public events as the coronavirus outbreak continues hit businesses across the city – but it said overall the impact on its day-to-day financial performance had been limited.
The group has due to stage The Photography Show and The Homebuilding & Renovating Show at the NEC in Birmingham later this month. 
In a statement to the London Stock Exchange, it said the decision to postpone had been agreed in partnership with the headline sponsors of both events and in anticipation of the requirements of other sponsors and exhibitors.
“We do not expect any impact on profit as a result of postponing these events, while the decision to delay in a timely manner means we can avoid unrecoverable costs,” it said.
“We have a number of other smaller events, both in the UK and the US, over the coming months. However, their impact to the wider group is not material. A decision will be made regarding each event based on the local market dynamics.”
The group, whose brands range from TechRadar, PC Gamer and Space.com to Classic Rock, FourFourTwo, and Total Film, said overall it was seeing limited impact of coronavirus in its day-to-day business model.
It added: “Our strategy is working well in terms of audience, product and end market diversification. The fundamentals of our business have not changed, our headline audience numbers continue to be strong, and our operating disciplines mean that we are well placed to meet the challenges and opportunities arising from these dynamic market conditions.”
Future said it expects that The Photography Show will now be staged in September and the National Homebuilding & Renovating Show in July.
In a rollercoaster week for equities across the globe, Future’s share price initially rose when it released its statement, trading up by more than 9% at £10.70. The shares have since slipped and were at 935p this lunchtime.
Other major Bath area firms to be impacted by the coronavirus pandemic include advanced engineering group Rotork, which makes actuators for the international oil and gas industry, and SRT Marine Systems, the global provider of maritime surveillance equipment.
Rotork’s share price fell sharply earlier this week on fears of a global oil crisis while SRT’s share price went down when it warned of a delay to a major Middle East contract.
