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LONDON, May 8 (Reuters) - Next, Britain's second biggest clothing retailer, posted a small rise in quarterly sales, with trade picking up after a slow start to its new financial year as the weather improved. Next, which trades from over 500 stores in Britain and Ireland and almost 200 store
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Next is expected to report retail sales growth when it unveils its first quarter results Wednesday, according to Panmure Research. The broker recommended a 'buy' rating, saying the UK retailer's online offering has put it in a prime position for growth. "Our 'buy' rating is based on our long term
Read more* India's $500 bln retail market growing at 20 pct a year * "License Raj" requires dozens of permits per store * Licenses often require bribes, along with official fees * Many retailers hire middlemen to handle backhanders By Nandita Bose MUMBAI, May 5 (Reuters) - Ho
Read more* India's $500 bln retail market growing at 20 pct a year * "License Raj" requires dozens of permits per store * Licenses often require bribes, along with official fees * Many retailers hire middlemen to handle backhanders By Nandita Bose MUMBAI, May 5 (Reuters) - Ho
Read moreUK retailer Next is set to reveal its first quarter results Wednesday - a month after posting annual profit growth. A slump in homewear sales is expected to drag on the company's performance, according to analysts at Credit Suisse on April 5th. The broker said although Next has started to priorit
Read more* Group backs Cameron's call for new British role in Europe * More than 500 business figures support campaign * They want looser ties; debate widens before 2015 vote * PM's pledge to claw back powers angered EU leaders By Peter Griffiths LONDON, April 22 (Reuters) -
Read moreBy Rhys Jones LONDON, April 17 (Reuters) - Low-cost airline easyJet said John Barton, chairman of British fashion retailer Next, would become its new chairman next month, as the carrier plans to expand its fleet. Barton, 68, who is also chairman of insurance group Catlin , will need
Read moreMining titan BHP Billiton has reiterated its full-year output targets despite a 'lacklustre' performance across several key businesses in the first quarter, writes the Financial Times. According to a YouGov poll, Royal Bank of Scotland should stay in public hands and not return to the private secto
Read moreLONDON, April 17 (Reuters) - British airline easyJet on Wednesday named John Barton, the chairman of fashion retailer Next, as its next chairman. The FTSE-100 low-cost airline said Barton would replace Mike Rake on May 1, when Rake will step down from the role. Barton, who is 68, has
Read moreChairman of fashion retailer Next, John Barton, is in talks to chair low-cost airline easyJet, Sky News reported Tuesday. Barton has emerged as a contender to replace Sir Mike Rake, who retires this summer to become President of CBI, a business lobby group. easyJet is yet to confirm a successor
Read moreApril 16 (Reuters) - John Barton, the chairman of No. 2 British clothing retailer Next Plc, is poised as the front runner to chair low-cost airline easyJet Plc, Sky News reported on Monday, citing a source. Sky News said Barton, 68, was on a shortlist of contenders vying to replace Sir Mike
Read more* Q4 UK like-for-like non-food sales down 3.8 pct * Analysts had forecast drop of between 4 and 6 pct * UK like-for-like food sales up 4.0 pct * FD says firm has backing of major shareholders * Shares up 3.2 pct By James Davey LONDON, April 11 (Reuters) - Briti
Read moreA lacklustre US employment report resulted in a market sell-off across global indices on Friday afternoon as the American economy added much fewer jobs than expected in March. Market Analyst Craig Erlam from Alpari said that the optimism surrounding the US recovery "has been shattered in the space
Read moreStocks across Europe were under heavy selling pressure on Friday morning as traders refrained from building positions ahead of the all-important employment report due out Stateside this afternoon. "We're seeing a lot of caution in the markets on Friday, ahead of what is expected to be a disappointi
Read moreInvestec has turned more bullish on global banking giant HSBC, upgrading the stock from 'add' to 'buy', but has retained a clear preference for sector peer Standard Chartered (also rated 'buy'). Analyst Ian Gordon said in a research note on Friday that both HSBC and StanChart are expected to delive
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