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Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

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Share Price: 9,098.00
Bid: 9,110.00
Ask: 9,114.00
Change: 120.00 (1.34%)
Spread: 4.00 (0.044%)
Open: 9,066.00
High: 9,144.00
Low: 9,008.00
Prev. Close: 8,978.00
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Broker snap: Debenhams' woes are company-specific, says Numis

Thu, 02nd Jan 2014 09:04

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 additional markdowns will have an impact on its bottom line in the first half. The firm said that the "anticipated final surge in sales" in the lead-up to Christmas failed to materialise, with like-for-like (LFL) sales in the 17 weeks to December 28th rising by just 0.1%. This was "considerably light of our full-year expectations of +2.7%", said Numis analysts Andrew Wade and Matthew Taylor.In contrast, John Lewis reported a 6.9% gain in LFLs during the five weeks to December 28th, boosted by a strong performance from electricals and solid growth in fashion. Meanwhile, strong fashion trading helped House of Fraser register a 4.3% LFL increase in the nine weeks to December 28th.Wade and Taylor pointed out that both Debenhams and House of Fraser noted the "competitive trading environment" in the run-up to Christmas. "On this basis, we see scope for some disappointment from other clothing retailers, particularly those which resorted to early discounting; given its full-price commitment, we see Next at less risk than most," the analysts said.Meanwhile, they said that a strong electricals performance at John Lewis spells good news for fellow retailers Dixons and Home Retail."We are confident that the strong updates from House of Fraser and John Lewis will put them both firmly in the 'winners' column this year, but, supporting our long-held view, see enough to suggest that Debenhams problems are more company-specific than market-led."BC
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LONDON BROKER RATINGS: JPMorgan cuts Lloyds Banking to 'underweight'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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21 Jun 2023 12:33

Elliott mulls potential bid for Reiss - report

(Sharecast News) - Activist investor Elliott Advisors has emerged as a potential suitor for fashion brand Reiss, it was reported on Wednesday.

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21 Jun 2023 11:41

Next a strong UK fashion market outfit as summer weather boosts sales

(Alliance News) - Next PLC is a "clear winner" in the UK fashion market as warm weather boosts its sales, Liberum said.

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20 Jun 2023 11:28

Move over China, India & Brazil are in: TS Lombard

STOXX Europe 600 down 0.5%

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20 Jun 2023 10:38

Citi: "Can the bullish momentum continue?"

STOXX Europe 600 down 0.5%

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20 Jun 2023 09:35

LONDON BROKER RATINGS: JPMorgan sees negative catalysts for Ocado

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning on Monday:

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20 Jun 2023 09:10

STOXX on the backfoot

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

STOXX ON THE BACKFOOT (0754 GMT)

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19 Jun 2023 17:09

London stocks lag as miners slip; AstraZeneca weighs

AstraZeneca down on report of China business spin off plan

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19 Jun 2023 16:53

LONDON MARKET CLOSE: Stocks under pressure from expected BoE hike

(Alliance News) - Stocks in London ended lower on Monday, weighed down by a disappointing post-Covid recovery in China and the increasing expectation that interest rates in the UK will keep pushing higher.

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19 Jun 2023 14:13

UK's Next raises profit outlook on better weather, consumers' wage hikes

Second quarter sales up 9.3% year-on-year

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19 Jun 2023 13:47

TOP NEWS: Next ups full-year guidance as sunnier weather lifts sales

(Alliance News) - Next PLC on Monday lifted yearly guidance after enjoying better-than-expected trading in recent weeks due to warmer weather and more consumer spending power.

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19 Jun 2023 13:01

Next lifts FY sales and profit guidance, shares surge

(Sharecast News) - Next surged on Monday after the retailer upgraded its full-year sales and profit guidance following much better-than-expected trading in the last seven weeks, boosted by warmer weather and the impact of pay rises.

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15 Jun 2023 09:12

LONDON BROKER RATINGS: Goldman Sachs cuts Diageo to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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13 Jun 2023 13:02

Next in the process of possibly selling Reiss stake

(Sharecast News) - High street clothing retailer Next is currently engaged in discussions over the potential sale of Reiss, the fashion chain it controls, in a deal that could value Reiss at more than £500m.

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18 May 2023 18:31

IN BRIEF: Next sees sizeable opposition in vote to re-elect chair

Next PLC - Leicester-based clothing and homewares retailer - Proposal to re-elect Chair Michael Roney opposed by just under 21% of votes at annual general meeting. Next notes "significant vote against this resolution". Next will engage with shareholders and provide an update by November 18.

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