Next Share News (NXT)

London pre-open: FTSE to extend Thursday's decline

City sources predict the FTSE 100 will open eight points below yesterday's close of 6,717.91, extending yesterday's losses after stocks in both the US and Asia declined overnight. The falls have been prompted by a raft of economic data out this week, which included less-than-impressive Chinese pur

Next ups profit forecast on strong Christmas sales

LONDON, Jan 3 (Reuters) - Next, Britain's second largest clothing retailer, raised its annual profit forecast after fourth quarter sales came in significantly ahead of its previous guidance. The firm said on Friday it expected a year to end-January 2014 pretax profit of 684-700 million poun

Next raises full-year profit forecast

- Next raises annual profit guidance - Fourth quarter sales beat estimates - First half expected to slow down - Special divi of 50p declared Next has raised its full-year profit forecast after achieving a rise in fourth-quarter sales ahead of the UK retailer's expectations. The company expects pr

MARKET COMMENT: UK Stocks Close Mixed For First Session Of 2014

London close: Markets slip on mixed manufacturing data, but retailers gain

- FTSE 100 pulls back after recent strong run - Manufacturing growth eases in China, UK and US - Debenhams CFO departs after profit warning techMARK 2,772.41 -0.32% FTSE 100 6,717.91 -0.46% FTSE 250 15,919.09 -0.10% UK markets finished the first session of the new year in the red after a host of

FTSE 100 movers: Randgold and retailers make gains

Randgold Resources made strong gains this afternoon, helped by a jump in the price of gold of more than two per cent. Rob Cohen, the Lead Portfolio Manager with Dynamic Funds, was also quoted as saying the company was a "good position to do acquisitions" and has a "really good balance sheet". Ha

Sector movers: Retailers bounce as sentiment recovers after Debenhams profit warning

The general retail sector was making small gains on Thursday, recovering after a Debenhams-inspired sell-off the previous session following its profit warning. Stocks across the sector sank sharply on Tuesday after department store Debenhams said it is now guiding to a pre-tax profit of just £85m

Friday preview: Next reports fourth-quarter update

Next is due to publish its fourth-quarter update on Friday amid news that the UK retail sector experienced challenging Christmas trading conditions. The fashion retailer results come a day after John Lewis reported a record 7.2% rise in sales on the back of demand for items such as coffee machines

UPDATE 2-Debenhams finance chief quits as rivals triumph in Christmas battle

(Adds reaction, background) By Neil Maidment and Kate Holton LONDON, Jan 2 (Reuters) - The finance chief of Debenhams Plc quit on Thursday after trading updates showed just how far the 200-year-old British retailer had fallen behind rivals John Lewis and House of Fraser over the cruc

London midday: Mixed manufacturing figures dampen UK markets

- Markets pull back after strong end to 2013 - China, UK manufacturing PMIs disappoint - Resources stocks provide a drag on the FTSE 100 - Retailers in focus after mixed corporate updates techMARK 2,780.21 -0.04% FTSE 100 6,720.85 -0.42% FTSE 250 15,925.41 -0.06% Mixed global manufacturing figures

Broker snap: Debenhams' woes are company-specific, says Numis

Analysts at Numis Securities reassured retail investors on Thursday that Debenhams' woes seem more company-specific rather than indicative of trends across the wider industry. The department store chain issued a profit warning on Tuesday that dampened sentiment across the sector after saying that a

London open: Stocks slip after China manufacturing data

- FTSE 100 pulls back as data schedule ramps up - Chinese manufacturing growth slowed in December - Debenhams CFO leaves after profit warning techMARK 2,782.24 +0.03% FTSE 100 6,733.20 -0.24% FTSE 250 15,910.82 -0.15% UK markets started the first session of 2014 trading in the red after data showe

UK's John Lewis enjoys record Christmas as rivals languish

By Neil Maidment LONDON, Jan 2 (Reuters) - British department stores group John Lewis scored a 7.2 percent rise in Christmas sales, as strong demand for items from tablet PCs to coffee machines helped it become one of this year's likely winners in the UK retail sector. The improvement

UPDATE 2-UK's Debenhams warns on profit after poor Christmas

By Kate Holton and Neil Maidment LONDON, Dec 31 (Reuters) - Debenhams warned of a sharp fall in profit on Tuesday after big discounts failed to spur a surge in last-minute Christmas shopping, sending a shiver through weaker British retailers. In an ominous sign for rival Marks & Spenc

London close: Markets close higher in shortened session, Debenhams sinks

- Real estate, housing stocks buoy markets - Debenhams drops after gloomy Christmas update - FTSE 100 up 14.4 per cent in 2013 - US data in focus later on techMARK 2,781.28 -0.02% FTSE 100 6,749.09 +0.26% FTSE 250 15,935.35 +0.22% Stocks finished moderately higher in a shortened session on Tuesday