Next surpassed forecasts with its first-quarter sales update on Wednesday, though Investec maintained a 'hold' rating on the stock. The Anglo-South African bank said that the high street fashion and homeware retailer remains a "core holding" but pointed out that the stock is trading at 17 times curr
Read moreUK stocks opened flat on Wednesday morning as investors digested a barrage of blue-chip earnings and awaited a Federal Reserve policy decision in the US. The FTSE 100 was trading just 0.03% lower at 7,028.48 early on. The index had retreated on Tuesday to 7,030.53 after setting a new all-time closi
Read more** Next up 2.7 pct, top UK blue-chip riser & at a 2-wk high in strong volume ** Keeps annual profit forecast, Q1 sales slightly ahead of own guidance, to pay another special divi ** Despite underperformance YTD (up c.7 pct YTD vs c.16 pct rise from M&S ) Jefferies sees valuation as ri
Read moreFull-price sales at Next since the start of the year rose 3.2%, ahead of guidance from March thanks to new store openings and warmer weather. More than half of the rise of 1.9% came from the opening of new space, while another boost came from the decision to send out its Next Directory brochure earl
Read moreLONDON, April 29 (Reuters) - Next, Britain's second biggest clothing retailer, maintained its annual profit forecast after posting first-quarter sales slightly ahead of its own guidance and said it would pay another special dividend. The group, which trades from over 500 stores in Britain a
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