Dr. Martens shares were among Europe's top performers on reports of stake building by an activist investor.
Dr. Martens shares UK:DOCS were among Europe’s top performers on reports of stake building by an activist investor.
A... Dr. Martens shares DOCS were among Europe’s top performers on reports of stake building by an activist investor. A Dr. Martens spokesperson said the London-listed group did not know the percentage holding the Sparta stake represented as this has not been disclosed, adding: “We engage with all our shareholders on a frequent basis and met with Sparta as part of the regular roadshow after our full-year results.”Dr. Martens stock is down nearly 60% from its IPO price of 370 pence set in early 2021, battered by problems at its U.S. distribution hub and weaker than expected sales in America.
Meanwhile, a notable underperformer on the continent was Heineken HEIA . Shares in the Netherlands-based brewer slumped 7% after it cut its profit growth forecast for this year, citing weak demand in Asia and the reluctance of U.S. and European drinkers to swallow higher prices.
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