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Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

London Stock Exchange
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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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UK earnings, trading statements calendar - next 7 days

Friday 30 December 
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Thursday 05 January 
B&M European Value Retail SATrading Statement
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29 Dec 2022 09:09

LONDON BROKER RATINGS: Jefferies raises Next price target

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

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(Alliance News) - London's FTSE 100 outperformed global peers on Wednesday as equity market trading resumed after the Christmas break.

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LONDON BROKER RATINGS: Stifel raises Next to buy, cuts boohoo to hold

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

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23 Dec 2022 09:00

LONDON MARKET OPEN: Trading subdued on quiet Friday before holidays

(Alliance News) - Stock prices in London opened slightly higher Friday on a half-day ahead of the four-day Christmas break.

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21 Dec 2022 16:52

LONDON MARKET CLOSE: Stocks higher as UK retail gets boost from Nike

(Alliance News) - Stock prices in London closed in the green on Wednesday, with the FTSE 100 lifted by retail stocks getting a boost from strong quarterly figures from US sportswear brand Nike in a positive read-across.

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German gas subsidy clouds euro area inflation forecasts

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LONDON MARKET CLOSE: Stocks higher despite downbeat UK data

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(Alliance News) - Stock prices in London opened higher on Monday, but the FTSE 100 was lagging behind European counterparts, despite gains for oil and mining stocks.

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