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  2. Share Prices
  3. Next Share Price
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  5. Broker snap: UBS upgrades Home Retail to 'buy'

Pin to quick picksNext Share News (NXT)

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Share Price Information for Next (NXT)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 9,366.00
Bid: 9,338.00
Ask: 9,342.00
Change: 58.00 (0.62%)
Spread: 4.00 (0.043%)
Open: 9,250.00
High: 9,396.00
Low: 9,230.00
Prev. Close: 9,308.00
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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6 Jan 2023 09:14

Credit Suisse downgrades Next to 'underperform'

(Sharecast News) - Credit Suisse downgraded Next on Friday to 'underperform' from 'neutral' as it said the shares were likely to underperform stocks that look cheap versus history.

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6 Jan 2023 08:48

LONDON MARKET OPEN: Stocks higher with eyes on US payrolls data

(Alliance News) - Stock prices in London opened higher on Friday morning as investors looked ahead to key economic data out of the US, which may provide hints for the future of rate hikes from the Federal Reserve.

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6 Jan 2023 07:46

LONDON BRIEFING: Clarkson expects full-year ahead of expectations

(Alliance News) - Stock prices in London were expected to open higher on Friday ahead of key US non-farm payrolls data and a services PMI print from the nation.

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5 Jan 2023 17:12

Banks push FTSE 100 to nine-month highs; recession worries loom

FTSE 100 up 0.6%, FTSE 250 adds 0.4%

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5 Jan 2023 17:07

European shares dip as media stocks slide, Fed worries resurface

Pearson leads media stocks lower on BofA downgrade

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5 Jan 2023 16:56

LONDON MARKET CLOSE: Stocks make headway thanks to retailers

(Alliance News) - Stock prices in London closed higher, buoyed by optimism from strong retail updates, and shaking off hawkishness from the US Federal Reserve.

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5 Jan 2023 13:58

Stocks stall as firm Fed reins in China rally

Fed rebuttal of rate cut bets keeps Europe's stocks subdued

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5 Jan 2023 12:55

British shoppers defy cost-of-living crisis at Christmas

Early signs UK retailers' Christmas exceeded expectations

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5 Jan 2023 12:08

LONDON MARKET MIDDAY: FTSE 100 continues to ride high on retail stocks

(Alliance News) - Stock prices in London were largely higher at midday on Thursday, as strong Christmas trading from clothing retailer Next helped to boost the FTSE 100.

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5 Jan 2023 11:44

Travel and leisure below pre-pandemic levels, but recovery in sight

Retailers lead early charge higher

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5 Jan 2023 11:20

Commodities: a strong 2023 is possible, but ...

Retailers lead early charge higher

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5 Jan 2023 10:08

Big love for Big Tech even in Big, Bad 2022

Retailers lead early charge higher

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5 Jan 2023 08:47

LONDON MARKET OPEN: FTSE 100 up on strong showing from retailers

(Alliance News) - Stock prices in London opened higher on Thursday, boosted by strong trading reports from UK retailers, lifting the mood after somewhat hawkish meeting minutes from the US Federal Reserve.

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5 Jan 2023 08:14

TOP NEWS: Next ups outlook after stronger than expected Christmas

(Alliance News) - Next PLC on Thursday lifted its profit outlook and said its Christmas sales topped expectations, though it predicts the going to be tougher in its upcoming financial year.

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5 Jan 2023 07:57

LONDON BRIEFING: Next, Greggs and B&M saw festive cheer

(Alliance News) - Stocks in London are set to open lower on Thursday in the wake of Federal Open Market Committee meeting minutes released on Wednesday.

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