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Marlowe shares dip following latest trading update

Compliance services and software group Marlowe PLC (AIM:MRL) shares dipped over 4% on Tuesday morning following the AIM-quoted group’s latest trading update.

Revenues are expected to be in the region of £475mln for the full year, 50% up on the prior year and in line with expectations, though investors may have taken note of the increased net debt position of £170mln from £156mln in the first half.

Shares were seen changing hands at 478.5p with a market capitalisation of £455.5mln as of 11.05am, March 27.