Dr Martens CEO to step down amid bleak profit outlook
16th Apr 2024 07:03
(Sharecast News) - Dr Martens shares slumped by a third on Tuesday as the UK bootmaker said chief executive Kenny Wilson would step down and issued another profit warning for the current financial year amid continuing woes in its key US market.
Read moreDr Martens CEO to step down amid bleak profit outlook
16th Apr 2024 07:03
(Sharecast News) - UK bootmaker Dr Martens said chief executive Kenny Wilson has decided to step down as the company issued another profit warning for the current financial year amid continuing woes in the US, its biggest market.
Read moreRBC Capital cuts Dr Martens target price
27th Mar 2024 07:13
(Sharecast News) - RBC Capital Markets cut its price target on Dr Martens on Wednesday to 85p from 100p as it lowered its estimates for FY24-26 earnings per share by 7% to 10%.
Read moreLondon close: Stocks rise as US consumer confidence remains stable
26th Mar 2024 17:06
(Sharecast News) - London markets closed in positive territory on Tuesday, buoyed by a stable US consumer confidence report and anticipation for upcoming inflation data.
Read moreGoldman Sachs downgrades Dr Martens to 'sell'
26th Mar 2024 10:06
(Sharecast News) - Goldman Sachs downgraded Dr Martens to 'sell' from 'neutral' on Tuesday and cut the price target to 87p from 93p.
Read moreLondon close: Stocks turn green after US GDP release
25th Jan 2024 15:13
(Sharecast News) - Stocks in London had turned higher by the close on Thursday, as investors digested a better-than-expected GDP reading out of the United States.
Read moreDr Martens Q3 sales fall 21%; Holds annual guidance
25th Jan 2024 07:02
(Sharecast News) - Shares in Dr Martens surged on Thursday as investors breathed a sigh of relief that the UK bootmaker held full year guidance after third-quarter revenues slumped by a fifth, driven by a poor performance in the US and from its wholesale channel.
Read moreLondon close: Stocks rise as US jobless claims slow
4th Jan 2024 13:07
(Sharecast News) - London markets showed mixed performance on Thursday as investors digested the latest UK services and mortgage data and a fall in jobless claims across the pond.
Read moreLondon close: Stocks rise on flurry of manufacturing data
1st Dec 2023 17:39
(Sharecast News) - London stocks closed positively on Friday, with miners playing a pivotal role following broker upgrades and optimistic Chinese manufacturing data.
Read moreLondon close: Stocks mixed after US, Europe inflation data
30th Nov 2023 15:16
(Sharecast News) - London's markets finished with a mixed performance on Thursday, with the top-flight index lifted by the likes of BP and Shell.
Read moreDr Martens warns on full-year profits
30th Nov 2023 07:28
(Sharecast News) - Dr Martens warned on profits on Thursday as it said the Autumn/Winter season has been hit by warm weather, weaker traffic and softer trading in the US, sending shares in the iconic bootmaker tumbling.
Read moreDr Martens taps Ije Nwokorie for chief brand officer
16th Nov 2023 08:06
(Sharecast News) - Iconic footwear manufacturer Dr Martens has appointed Ije Nwokorie to the newly created role of chief brand officer.
Read moreLondon close: Stocks turn higher on cooler US inflation report
14th Nov 2023 16:18
(Sharecast News) - London's stock markets had managed to turn positive by the close on Tuesday after a lower-than-expected inflation report from the United States boosted confidence while investors also mulled the latest UK jobs data.
Read moreDr Martens appoints Giles Watson as CFO
14th Nov 2023 10:11
(Sharecast News) - Iconic bootmaker Dr Martens said on Tuesday that it has appointed Giles Wilson as chief financial officer.
Read moreLondon close: Stocks firmer ahead of key inflation readings
13th Nov 2023 14:33
(Sharecast News) - London markets closed in a resilient state on Monday, maintaining positive momentum from the end of last week after solid gains on Wall Street on Friday.
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