Dr Martens shares sink as biggest investor slashes stake

Elvera Bartels

Good morning.

We return to the standard final results cycle with a powerful trading update from Future, which has lifted its anticipations for both revenue and sales for the total yr.

The retailer said full-value sales have been up 20pc in the 8 months to twenty five December versus two many years in the past. This was £70m ahead of its earlier assistance for the time period.   

As a final result, it hiked pre-tax revenue forecasts by £22m to £822m and reported total value sales will be up 7pc. It also declared a specific dividend.

There have been some words of caution however, with Future warning development would be “substantially weaker” following the initial quarter owing to powerful comparative numbers. It also elevated concerns over how mounting inflation and a doable easing of pent-up need would impact trading.

5 factors to start out your day 

one) Petrol accounts for

Read More