Marlowe quashes rumours around its testing business

7th Aug 2023 11:08

(Sharecast News) - Business software and regulatory compliance specialist Marlowe responded to "ongoing speculation" in relation to its testing, inspection and certification business on Monday.

The AIM-traded firm described the business as a "high-performing, leading provider" of critical safety and compliance services in fire, water hygiene and air quality, with a proven track record of delivering strong growth.

"Marlowe regularly reviews its portfolio of businesses with the aim of seeking to maximise shareholder value but confirms that no decision has been made in respect of any potential strategic action for any of the group's businesses," the board said in its short statement.

"There can be no certainty that any such action will be taken."

At 1030 BST, shares in Marlowe were up 1.38% at 579.9p.

Reporting by Josh White for Sharecast.com.