Company
LON:NXT
Next plc is a United Kingdom-based retailer offering products in clothing, footwear, accessories and home products
564 stories · page 5 of 6
Liberum’s analysts cut their stance for Debenhams to ‘sell’ from ‘hold’ with a reduced target price of 40p, down from 58p, after concluding that the group’s “fundamentals do not appeal"
Next remains cautious about the rest of the year, saying it is "pessimistic" about the Christmas trading period
Investments and investor services
At around 3.55pm, the UK blue chip index was up 5 points to 7,498
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No matter how good Paddy Power's results are, chances are the main focus will be on the government's report on gaming machines, released yesterday morning
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Week ahead includes interest rate decisions from the Bank of England and the US Federal Reserve, as well as updates from HSBC, BT, Next, BP, and Royal Dutch Shell
“We think it concerning that sales in the core UK Next Directory business are also now beginning to fall, suggesting to us that the Next customer proposition may be losing resonance with UK consumers”
A look at some of the biggest risers and fallers today in London
The FTSE 100 index closed down 4.46 at 7,533, below the session peak of 7,550.17 but above the low of 7,519.60
The FTSE 100 rose to within a couple of points of 7,500 after US markets opened higher
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Week ahead to include first half results from supermarkets giant Tesco PLC, an update from high bakery chain Greggs PLC (LON:GRG), and the latest US jobs data
Investments and investor services
Sterling's strength weighed on FTSE 100 stocks today
The likes of Deutsche Bank, UBS, JPMorgan Cazenove, Jefferies International, and Societe Generale all raised their targets for Next shares after the group surprised with a confident first-half results statement and raised full-year guidance
The FTSE 100 fell 80 points to 7,215 on a good day for the sterling
Weak consumer spending will continue to drag on Next's sales this year
Some of the main news-driven risers and fallers at 3.45pm...
Next said it expects the external environment to remain difficult but its prospects going forward appear "somewhat less challenging" than they did six months ago
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Sterling surged past US$1.33 shortly after the Bank of England voted in favour of keeping interest rates at 0.25%, with analysts describing the move as a 'hawkish hold'
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Day ahead includes Bank of England Monetary policy meeting, UK retail sales data, updates from Next PLC, William Morrison Supermarkets PLC, and Booker PLC
In a note to clients, the German broker’s analysts said the 10% rally in Next’s share price following the weather-driven second-quarter sales beat “provides material downside” and “an opportunity to short the stock”
The index of blue-chip shares advanced 23 points as the pound declined after official data showed inflation remained unchanged in July
New Look's chief executive Anders Kristiansen expects challenging market conditions to persist into 2018 amid Brexit uncertainty
Next has raised its full year sales guidance after warm weather boosted its second quarter performance
Around 3pm, the UK benchmark index was ahead almost 65 points at 7,476, just holding off the day’s peak of 7,484.53 hit after the Bank of England left UK rate unchanged
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Next is expected to shine in its second quarter trading update
With an hour and a half of trading to go in London, the FTSE 100 index was 36 points higher at 7,404, albeit remaining below an early peak of 7,425.52
Hammerson's net asset value grew in the first half despite the impact of the Brexit vote on UK retailers
London markets started the day on the front foot and haven't looked back ...
Marks & Spencer is faced with the pressures of a UK retail slump, fierce competition in the grocery sector and weak consumer spending
The market chose to interpret Broadbent's comments as a vote for the status quo
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M&S faces a tough UK retail market as consumers become increasingly squeezed by rising inflation and stagnant wage growth
Lancashire Holdings rose in sympathy with Novae as the Lloyd's specialist insurer sold out to AXIS Holdings
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A weaker pound following the Brexit vote has given the FTSE 100 and other UK indices a boost in the year since the Britain voted to leave the European Union
The Bank of England expects inflation to exceed 3% in autumn as the pound continues to be weighed by down Brexit worries
“With earnings, margins and cash conversion continuing to fall we regard Next as a value trap.”
Risers and fallers: DFS, Next, ANGLE boosted by Barts research, Starcom wins container order, Sprue Aegis delivers bullish AGM
FTSE 100 closed down 55 at 7,419 as retail shares took a beating
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Banks, retailers, media and housebuilders are the biggest fallers on the FTSE 100 on the shock news of a hung parliament
Investec Securities upped its stance for Next to ‘buy’ from ‘hold’, while raising its target price to 4,750p from 3,900p.
A look at some of the biggest London-listed risers and fallers today
The bulls could not quite push the top-share index above 7,400. Tomorrow they'll have a harder job with ex-div stocks lopping about 14 points off the Footsie
The UK blue chip index finished 41 points higher at 7,342, retreating from the session peak of 7,359 but still well above the day’s low of 7,300
Jordan Hiscott, chief trader at Ayondo Markets pointed out: “The dominance of Next was once undisputed. Back in 2010, the firm regularly outperformed its industry peers, thanks to its strong presence on high streets and in out of town store
In a trading update for the thirteen weeks to Saturday 29 April, Next said its full price sales were down -3.0%, while total sales, including markdown sales, were down -2.5%
The FTSE 100 ended up 13.57 at 7,248 as investors weigh economic data and corporate earnings
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Royal Dutch Shell and supermarket retailer Morison set to be among Thursday's highlights.
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Who will be the next Next? Here our small-cap guru Zak looks at a couple of candidates
Stocks with pricing power, such as pharmaceuticals and utilities, are most likely to weather the impact of rising inflation.
In a note on the UK general retail sector, Exane cut its stance on the FTSE 100-listed firm back to ‘underperform’ from ‘neutral’ and reduced its target price by 5% to 3,700p after the recent “bounce”
Next is facing a number of risks including weaker UK consumer demand, market share losses and a rapid decline in its credit customers, Deutsche Bank said
Next's chief executive Simon Wolfson said the fashion retailer has taken steps to address the impact of rising inflation on consumer spending
Next may have reported its first decline in annual profit since the financial crisis but it impressed analysts with strong cash flows and its investment in the brand
Next's shares have surged today even as the retailer reported a drop in full year profits and revenue, reflecting weak sales in its retail business
FTSE 100 was three points higher at 7,238, Next rises strongly.
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Next plc is facing the industry-wide pressure of rising inflation but its issues are also company-specific
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The druggies and miners were on offer early on – although the movements were barely perceptible on a lacklustre Monday morning.
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Week ahead: Next, Kingfisher, Smiths Group ,Satellite Solutions ...
FTSE 100 shares closed lower on Tuesday after investors turned edgy over Brexit plans which hit banking and retail shares as well as took sterling to an 8-week low against the US dollar
In a note to clients, entitled ‘Crisis? What Crisis?’, Redburn analysts Geoff Lowery and Emily Want concluded that “the Next Brand is mature rather than malnourished.”
FTSE 100 stocks, just like Wall Street, defied soothsayers’ prognoses that investors didn’t much like a threadbare speech to Congress from US President Donald Trump overnight, and pledged their vote to his spending ambitions as record heigh
Roney will take over from current incumbent John Barton, who will retire on August 1 having been the retailer’s non-executive chairman since 2006.
Following AB Foods’ trading update yesterday, the German banking giant reiterated its buy recommendation and 3,200p target price
With an avalanche of updates to trudge through – not least a blizzard of them today – the actual outcome has not sent as many shivers through the City as expected.
FTSE 100 shares did it again on Thursday – the 11th successive record high close – as turbulence in sterling finally gave in to a further steady decline and helped push stocks higher. All except retailers, that is
After Next kicked off the sector Christmas updates with a profit warning last week, shareholders should be more nervous on what M&S and Primark will deliver.
FTSE 100 stocks closed at a record high on Monday, extending from its feat last week, as it marked the eighth successive record peak, largely thanks to a weakening pound
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
Footsie was expected to hit another high today, but it has not happened yet
The FTSE 100 index reached a new peak of 7,211.96 today, exceeding the level it hit on Tuesday, the first session of 2017, and was up 19 points at 7,209 at 3.30pm.
Next's latest gloomy trading update wiped more than 10% off a share price that had already slumped by a third in 2016.
Elementis shares fell nearly 4% after German bank Berenberg cut its rating to ‘hold’ from ‘buy’, with the downgrade largely made on a valuation basis.
Next said its central guidance for pretax profit for the full-year to end-January 2017 is now £792mln, down from the £805mln indicated previously.
FTSE 100 stocks closed firmer on Wednesday but a grim outlook for 2017 from Next plc left retailer shares in the bargain bucket
With the crucial festive period finally over, it is time for retailers to count the coppers with the post-Christmas trading update season kicking off in earnest tomorrow.
Looking in to 2017, the HSBC analysts said that sterling’s post-Brexit vote weakness and the resulting cost push to inflation will not be easily passed on to the consumer.
FTSE 100 and small-cap stocks ended at fresh record highs on Tuesday, the first session of 2017, after being buoyed by higher Wall Street on bullish US factory data, 18-month high oil prices and even bumper Chinese data
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Happy New Year, Proactive people! That's 2016 done with; Next!
It was a fantastic year for the miners, less so for the airlines and the retailers.
FTSE 100 stocks closed flat on Monday despite an early sprint by mining and energy stocks. Meanwhile, fund manager Henderson Group had sobering news for investors seeking dividend income
Investments and investor services
FTSE 100 stocks ended higher on Thursday thanks to miners and the construction sector, while the laggards included venerable British names Royal Mail and Rolls Royce
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A round-up of some of today's broker commentary
UBS rates Next as a ‘buy’ and its £58.50 target suggests some 15% upside to the UK retailer's current share price.
Credit Suisse doubts Next's ability to pass on rising costs and questions the wisdom of continuing to add space
Shares in Victoria Oil & Gas were up after it spudded two development wells at its Logbaba gas field in Cameroon
London's FTSE 100 closed sharply lower on Wednesday as Standard Chartered topped the losers' list for a second successive session, while markets grew jittery about a possible Donald Trump electoral victory
Results previews for online food ordering enabler Just Eat and house builder Persimmon
FTSE 100 shares ended lower on Monday, despite a valiant surge from advertising behemoth WPP
BP & Shell are both issuing interims on Tuesday - about as likely as Taylor Swift and Katy Perry performing a duet together
Builders and building materials
FTSE 100 stocks closed higher on Wednesday after fashion house Burberry bounced back
FTSE 100 shares narrowly missed out on a record closing high on Tuesday after slipping back from record levels thanks to renewed Brexit fears which sent the pound below $1.23, as well as growing expectations of a US rate hike this year. Ear
Builders and building materials
London’s blue-chip stocks rose and ended just shy of their highest point of Thursday, up 0.9% at 6,730 after gains by supermarkets as well building firms after the government’s nod to construction of nuclear power station Hinkley Point C
London’s blue-chip and mid-cap indices marked a fresh 14-month high on Friday, fuelled by historic gains overnight by Wall Street
The blue chip benchmark opened on the back foot this morning.
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London shares closed softer on Wednesday after energy stocks absorbed news that regulators plan a price cap – knocking sideways the benefit of a surge in banking stocks
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The FTSE 100 Index extended losses to stand 13.36 points adrift at 6632.04
The group said business would stay difficult for the rest of the year
