The London Stock Exchange has missed out some high-profile IPOs in recent periods and with Klarna planning to list its shares, the British government has launched a charm offensive to try to get it to list in London.
It may have delivered a trading update on Thursday in which its sales soar, but Dr Martens shares fell on the news as investors worried over its future growth prospects, falling as much as 14% after the release.
Dr Martens delivered another good performance in the latest three months with its trading update on Thursday saying its third quarter was driven both by very strong e-commerce and more buoyant retail store trading.
Dr Martens turned in another set of strong results Thursday, with revenues up in double-digits to reach record levels. It also said footfall is improving and while still below pre-Covid levels, “conversion is higher”.
A new global flagship store is coming to Liverpool One next spring. It will belong to higher-end fashion retailer Tessuti and it won’t mark the brand’s Liverpool debut but its vastly upsized presence there.