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(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
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Share Price Information for Next (NXT)
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Share Price:
9,188.00
Bid:
9,202.00
Ask:
9,204.00
Change:
82.00 (0.90%)
Spread:
2.00 (0.022%)
Open:
9,134.00
High:
9,222.00
Low:
9,100.00
Prev. Close:
9,106.00
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Don't have an account? Click here to register.Broker snap: Bleak midwinter trading for retailers, predicts Investec
Thu, 01st Dec 2011 12:38
Investec has reiterated its underweight stance on the UK retail sector due to the cautious attitudes of cash-strapped consumers and ahead of an uncertain key trading period at Christmas The broker says that while the UK may be deemed as a safe (or even safer) haven when compared with Eurozone economies, it does not mean that its economic prospects are significantly better, due to its "substantial budget deficit and the government's priority of trying to reduce it"."The combination of very weak consumer confidence and unseasonably warm weather has resulted in a plethora of negative LFL sales trends from retailers, and some of the earliest Christmas profit warnings we can remember," said analysts David Jeary and Bethany Hocking.Furthermore, they highlight that prospects for Christmas are not very bright, "with retailers' hopes resting on consumers delaying spending until December and trading against weaker comparatives given last year's snowfalls."After making forecast reductions on almost half of its coverage universe, the broker downgrades Marks & Spencer, Debenhams and Game from buy to hold, and cuts its rating for KESA Electricals, Mothercare and Howden Joinery from hold to sell. 20 out of the 22 retail stocks that the broker covers have had their target prices lowered.The broker upgrades Next from hold to buy on the back of the group's strong cash generation and the strength of its Directory business. "We would recommend switching from M&S, where capex returns and cash generation appear less certain, and are compounded by potential change in the senior management team."BC
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UK earnings, trading statements calendar - next 7 days
| Thursday 26 October | |
| Bank of Ireland Group PLC | Trading Statement |
| Bloomsbury Publishing PLC | Half Year Results |
| Botswana Diamonds PLC | Trading Statement |
| C&C Group PLC | Half Year Results |
| e-Therapeutics PLC | Half Year Results |
| Financials Acquisition Corp | Trading Statement |
| GCP Infrastructure Investments Ltd | Trading Statement |
| HarbourVest Global Private Equity Ltd | Half Year Results |
| Hummingbird Resources PLC | Trading Statement |
| Hunting PLC | Trading Statement |
| Inchcape PLC | Trading Statement |
| International Personal Finance PLC | Trading Statement |
| PPHE Hotel Group Ltd | Trading Statement |
| Renishaw PLC | Trading Statement |
| Standard Chartered PLC | Q3 Results |
| Unilever PLC | Trading Statement |
| WPP PLC | Trading Statement |
| Friday 27 October | |
| International Consolidated Airlines Group SA | Q3 Results |
| NatWest Group PLC | Q3 Results |
| Monday 30 October | |
| Airtel Africa PLC | Half Year Results |
| Computacenter PLC | Trading Statement |
| Glencore PLC | Trading Statement |
| HSBC Holdings PLC | Q3 Results |
| Lok'n Store Group PLC | Full Year Results |
| Pearson PLC | Trading Statement |
| Tuesday 31 October | |
| BP PLC | Q3 Results |
| Coca-Cola HBC AG | Trading Statement |
| Elementis PLC | Trading Statement |
| essensys PLC | Full Year Results |
| Georgia Capital PLC | Q3 Results |
| Grit Real Estate Income Group Ltd | Full Year Results |
| RHI Magnesita NV | Trading Statement |
| Spectris PLC | Q3 Results |
| TP ICAP Group PLC | Trading Statement |
| UP Global Sourcing Holdings PLC | Full Year Results |
| Wednesday 1 November | |
| Asos PLC | Full Year Results |
| Aston Martin Lagonda Global Holdings PLC | Q3 Results |
| Beximco Pharmaceuticals Ltd | Full Year Results |
| GSK PLC | Q3 Results |
| Next PLC | Trading Statement |
| Smurfit Kappa Group PLC | Trading Statement |
| Weir Group PLC | Trading Statement |
| Copyright 2023 Alliance News Ltd. All Rights Reserved. | |
23 Oct 2023 19:21
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Next to buy FatFace in £115.2m deal
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TOP NEWS: Next to acquire FatFace for GBP115.2 million
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PRESS: Next eyes up FatFace in GBP100 million deal - Sky News
(Alliance News) - Sky News on Thursday reported that Next PLC is lining up FatFace as its latest high street takeover deal.
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