LONDON BRIEFING: BAE backs upgraded guidance; Royal Mail fined
(Alliance News) - Stocks in London are called higher on Monday, as investors look ahead to the latest US inflation print.
Read more(Alliance News) - Stocks in London are called higher on Monday, as investors look ahead to the latest US inflation print.
Read more(Sharecast News) - Equity research firm Edison reckons that Dr Martens' recent share-price underperformance could reverse if the iconic footwear retailer has a successful turnaround of operational issues in North America.
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*Read more(Alliance News) - European equities closed slightly higher on Monday, supported by favourable eurozone data and the hope of more stimulus in China, after an underwhelming factory reading there.
Read more(Alliance News) - Stock prices in London were lower at midday on Monday, though European peers were on the rise, following favourable eurozone economic data.
Read more(Alliance News) - Dr Martens PLC shares climbed after Sky News reported Saturday that activist investment manager Sparta Capital Management Ltd has built a stake worth "tens of millions" in the bootmaker.
Read more(Sharecast News) - Activist investor Sparta Capital has built up a stake in Dr Martens.
Read more(Sharecast News) - Dr Martens was among those companies on the list of director buys on Monday, after its chief executive officer added more than 300,000 shares to his holding.
Read moreDr Martens PLC - Northamptonshire, England-based boot manufacturer - Chief Executive Officer Kenny Wilson buys 309,948 shares at GBP1.29 each, worth GBP399,998, on Friday last week. On Thursday, Dr Martens had provided a trading update, saying sales in the first quarter was in line with its expectations, as Japan led growth in Asia.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
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*Read more(Sharecast News) - Dr Martens surged on Friday after Bank of America Merrill Lynch lifted the stock to 'buy', arguing that the iconic bootmaker has an "attractive value proposition".
Read moreDr Martens PLC - Northamptonshire-based boot maker - Says "addressing our performance" in the Americas is its "number one priority" for the current financial year, but "meaningful improvement" will take until the second half of the year, which ends March 31, 2024. Dr Martens says trading in the first quarter, which is the smallest period of its financial year, was in line with its expectations. The Europe, Middle East and Africa and Asia-Pacific regions saw "very good growth", with Asian sales driven by Japan. By contrast, Americas revenue was down from a year before, in line with expectations and mostly due to the wholesale business.
Read more(Sharecast News) - UK bootmaker Dr Martens said progress had been made rectifying the US warehousing fiasco that led to a series of profit warnings, and trading since the start of the current financial year had been in line with expectations.
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