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Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 9,232.00
Bid: 9,238.00
Ask: 9,244.00
Change: 44.00 (0.48%)
Spread: 6.00 (0.065%)
Open: 9,228.00
High: 9,298.00
Low: 9,182.00
Prev. Close: 9,188.00
NXT Live PriceLast checked at -

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Broker snap: UBS upgrades Home Retail to 'buy'

Wed, 05th Sep 2012 11:16

UBS has added Home Retail to its list of top picks in the UK retail sector, a category which has held up well in recent months."Since our last sector update in February the sector has performed well vs the local market - despite the weather - with disposable income and intake margins recovering in line with our expectations. Although recent increases in petrol prices, utility costs, and possibly food prices may take the edge off the expected recovery in 2013, we think the trend is likely to remain positive," the broker said.Nevertheless UBS said that it's "still early in the cycle" and upcoming results will likely be mixed: good growth is expected from Next and Dunelm but declines are expected at Kingfisher, Home Retail and Marks & Spencer.However, the broker reckons that if Home Retail's Argos brand can produce broadly stable like-for-like sales again in the second quarter, its long-term sale decline will look "more cyclical than structural"."If so, the consensus view that the operating companies have no value (net cash + debtor book = share price) will look misplaced." The broker has upgraded its rating for Home Retail from 'neutral' to 'buy' and lifted its target price for the stock from 90p to 115p."In-line with our positive stance on the sector we retain 'buy' ratings on Kingfisher, Next and M&S and add Home Retail. Our 'buy' ratings on M&S and Home Retail are generally anti-consensus and would benefit both from a further recovery in the UK consumer as well as their own self-help programmes."By 11:15 on Wednesday, Home Retail was trading 2.2% higher at 97.61p.BC
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(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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22 Mar 2024 09:21

British Land appoints Next's CFO as non-executive director

(Alliance News) - British Land Co PLC on Friday said it has hired fashion retailer Next PLC's chief financial officer, Amanda Jones, as non-executive director, with effect from July 1.

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LONDON BROKER RATINGS: RBC cuts St James's Place; HSBC cuts Ascential

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

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LONDON MARKET CLOSE: FTSE 100 up as investors see Fed, BoE cuts ahead

(Alliance News) - London's FTSE 100 jumped on Thursday, as markets rallied on the back of dovish interest rate decision statements from both the US Federal Reserve and Bank of England.

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21 Mar 2024 16:33

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.

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21 Mar 2024 13:24

Moneysupermarket.com hires chair designate as part of succession plan

(Alliance News) - Moneysupermarket.com Group PLC on Thursday announced the appointment of its new chair designate as an independent non-executive director.

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21 Mar 2024 12:19

LONDON MARKET MIDDAY: Stocks boosted as BoE keeps rates unchanged

(Alliance News) - Stock prices in London were higher at midday Thursday, after the Bank of England left interest rates unchanged, in a vote which remained split.

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21 Mar 2024 09:20

TOP NEWS: Next celebrates record year as profit beats expectations

(Alliance News) - Next PLC on Thursday maintained its sales and profit guidance for the coming financial year after reporting record figures last year.

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21 Mar 2024 08:59

LONDON MARKET OPEN: New York rally extends to London ahead of BoE

(Alliance News) - Stock prices in London opened higher on Thursday, following in New York's footsteps.

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21 Mar 2024 07:52

LONDON BRIEFING: Stocks called up thanks to New York rally

(Alliance News) - Stocks in London are to open higher on Thursday, after a global equity market rally following the latest interest rate call from the US Federal Reserve.

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21 Mar 2024 07:09

Next holds guidance as annual profits rise 5%

(Sharecast News) - Shares in UK fashion retailer Next jumped on Thursday as it held guidance for 2024 after posting a better-than-expected 5% rise in annual profits and flagged lower prices for customers this year.

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14 Mar 2024 15:06

UK earnings, trading statements calendar - next 7 days

Friday 15 March 
Berkeley Group Holdings PLCTrading Statement
Volution Group PLCHalf Year Results
Monday 18 March 
Marshalls PLCFull Year Results
Seeing Machines LtdHalf Year Results
Serinus Energy PLCFull Year Results
SigmaRoc PLCFull Year Results
Team Internet Group PLCFull Year Results
Tuesday 19 March 
Atalaya Mining PLCFull Year Results
Close Brothers Group PLCHalf Year Results
DFS Furniture PLCHalf Year Results
Eagle Eye Solutions Group PLCHalf Year Results
Essentra PLCFull Year Results
Fintel PLCFull Year Results
Litigation Capital Management LtdHalf Year Results
Midwich Group PLCFull Year Results
Mpac Group PLCFull Year Results
MP Evans Group PLCFull Year Results
Pebble Group PLCFull Year Results
Personal Group Holdings PLCFull Year Results
Sabre Insurance Group PLCFull Year Results
Staffline Group PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
Trustpilot Group PLCFull Year Results
Yu Group PLCFull Year Results
Zotefoams PLCFull Year Results
Wednesday 20 March 
Computacenter PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eurocell PLCFull Year Results
FDM Group PLCFull Year Results
Investec PLCTrading Statement
Kenmare Resources PLCFull Year Results
Prudential PLCFull Year Results
VietNam Holding LtdHalf Year Results
Thursday 21 March 
Aptitude Software Group PLCFull Year Results
Aquis Stock Exchange PLCFull Year Results
Centamin PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Dowlais Group PLCFull Year Results
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Hostelworld Group PLCFull Year Results
Ithaca Energy PLCFull Year Results
M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Tribal Group PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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26 Feb 2024 09:36

PRESS: Next mulls rescue bid for ailing beauty chain, the Body Shop

(Alliance News) - Next PLC has approached administrators to the Body Shop about a potential deal to purchase parts of the stricken cosmetics chain, according to a report on Saturday.

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1 Feb 2024 16:48

London close: Stocks turn lower as BoE keeps rates on hold

(Sharecast News) - London's financial markets finished in the red on Thursday, reversing earlier gains after the Bank of England maintained interest rates at current levels.

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1 Feb 2024 13:34

Broker tips: Next, Marshalls, easyJet

(Sharecast News) - Barclays downgraded Next to 'equalweight' from 'overweight' on Thursday but lifted the price target to 8,500p from 8,250p, as it said the valuation is now reasonable.

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