skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 
Home » UK Shares » Three Quick Facts » Three Quick Facts: Dr Martens, Dewhurst and Frasers/Missguided

Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

1. Dr Martens: 18% uptick in revenues, strong outlook

Full year results from (LON:DOCS) are out this morning with the company’s direct to consumer strategy evidently delivering for shareholders. Revenues advanced 18%, driving the underlying EPS up by 21% and leaving investors with a 5.5p dividend per share. The company expects to maintain this high teens revenue growth for the year ahead, with the upgraded guidance coming off the back of planned price increases for the Autumn/Winter range.

2. Dewhurst cyber attack to materially impact profits

AIM-listed Dewhurst (LON:DWHT) has this morning advised the market of a cyber attack which took place earlier last week. It notes that manufacturing facilities have been unaffected but administrative systems currently aren’t fully operational. However the board expects the incident to only have a minimal impact on underlying trading and revenues will remain in line with current expectations, however the exceptional remediation costs mean that profitability will be materially lower.

3. Frasers spends £20m on Missguided purchase

Frasers Group (LON:FRAS) has this morning advised the market that it has purchased certain IP elements from Missguided, the online fashion retailer which is currently in administration. Some £20m in cash has been paid for the assets, with the longer term plan being that Missguided will operate as a stand alone business within the Frasers group.

Related

This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

Stocks in Focus

Here are some of the smaller companies we follow most closely. They represent significant growth stories in our view. Our in-depth reports detail why we like them.

Comments

Subscribe for more stories like this, 8am weekdays - for free!


Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
WisdomTree
ActivTrades
Back To Top