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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: 9,278.00
Bid: 9,280.00
Ask: 9,284.00
Change: 16.00 (0.17%)
Spread: 4.00 (0.043%)
Open: 9,248.00
High: 9,302.00
Low: 9,248.00
Prev. Close: 9,262.00
NXT Live PriceLast checked at -

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Broker tips: Next, easyJet, Man Group

Thu, 25th Mar 2010 13:33

Preliminary results from fashion chain Next were slightly better than Panmure Gordon had been anticipating, with profit before tax coming in at £504.6m versus Panmure's prediction of £497.1m.The final dividend, at 47p, was also a lot more generous than Panmure Gordon's forecast of 41p, and 'shows management's confidence in the year to come.'Next found other ways to exceed the broker's expectations with 'gross margins and operating margins in Retail and Directory better than forecast,' while net debt at £400m was way below Panmure Gordon's prediction of £515m, which 'bodes well for further share buybacls.'The broker is reviewing its forecasts for fiscal 2011 and has retained its 'buy' rating.Weak sales and significant institutional redemptions were the main takeaways from Wednesday's pre-close trading update from hedge fund manager Man Group, according to Charles Stanley.The broker concedes that much of the bad news was already factored in to the share price, but thinks that 'it is too early to factor in an improvement in performance fees and redemptions for the next financial year,' even though recent performance has improved.'Until the recent total sales and redemptions improvement becomes a longer-term trend we feel that there is little to get excited about other than the yield of over 10%. However, if redemptions are similar in magnitude again next financial year as they were last year it is hard to see how Man Group can maintain the dividend given the further downward pressure on fees,' the broker concludes.Charles Stanley rates the shares as a 'hold'. The absence of a chief financial officer and the impending departure of its chief executive officer does not seem to be holding back no-frills airline easyJet much, according to Nomura Securities, which rates the shares as a 'buy'.The Japanese broker has adjusted its forecasts for easyJet to factor in a better revenue environment, underlying cost cuts and the deterioration of sterling value against the US dollar. The net effect is an upgrade to its 2010 profit before tax forecast from £140m to £185m and an increase in the broker's valuation of the stock from 420p to 500p.
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5 Apr 2023 15:24

Director dealings: Next director makes share sale

(Sharecast News) - Next revealed on Wednesday that merchandise and operations director Richard Papp had disposed of 5,300 ordinary shares in the FTSE 100-listed clothing retailer.

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3 Apr 2023 09:43

LONDON BROKER RATINGS: HSBC cuts NCC; Exane BNP cuts Man Group

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

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31 Mar 2023 10:01

LONDON BROKER RATINGS: UBS likes Beazley; Berenberg cuts Wood Group

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

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30 Mar 2023 09:54

LONDON BROKER RATINGS: SocGen cuts Next; Jefferies cuts CMC markets

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

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29 Mar 2023 17:16

Banks boost European stocks, UBS climbs after naming Ermotti CEO

Technology stocks rally 2.7%, boosted by chipmakers

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29 Mar 2023 17:11

LONDON MARKET CLOSE: Stocks up as confidence in banking sector builds

(Alliance News) - London's FTSE 100 extended its win streak to three days on Wednesday, with markets poised to wrap-up a fraught month for equities in bullish fashion, as banking sector fears fade.

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29 Mar 2023 12:08

LONDON MARKET MIDDAY: Banking optimism, Chinese tech gains lift shares

(Alliance News) - Large-cap equities in Europe went into Wednesday afternoon on the front foot, with the market mood lifted by a rally in Chinese technology shares and continued optimism that a full-blown banking crisis will be averted.

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29 Mar 2023 09:26

TOP NEWS: Next shares down as warns of profit and sales decline

(Alliance News) - Next PLC on Wednesday hailed a "good year" in 2022 despite various challenges, but expects a "difficult" year ahead as selling price inflation will be "more benign" than anticipated.

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29 Mar 2023 09:04

LONDON MARKET OPEN: Trading timid; Next falls as profit to decline

(Alliance News) - Stock prices in London opened higher on Wednesday, though trading remaining cautious following the recent turbulence in the banking sector.

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29 Mar 2023 07:57

Next posts better-than-expected FY profits

(Sharecast News) - Next posted a better-than-expected jump in full-year profit on Wednesday as it said selling price inflation was set to be more benign than previously thought, but warned the year ahead will be "difficult" and that it continues to expect a decline in profit.

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29 Mar 2023 07:52

LONDON BRIEFING: Next guides for lower profit and full price sales

(Alliance News) - Equity trading is set to remain cautious in London on Wednesday, as investor sentiment continues to steady after the recent turbulence in the banking sector.

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28 Mar 2023 16:47

Next snaps up Cath Kidston vintage clothing brand for GBP8.5 million

(Alliance News) - Next PLC on Tuesday said it has bought the Cath Kidston vintage clothing brand in a GBP8.5 million deal.

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28 Mar 2023 16:44

Next buys Cath Kidston for £8.5m

(Sharecast News) - Retailer Next confirmed on Tuesday that it has agreed to buy the brand name, domain names and intellectual property of Cath Kidston from the administrators for £8.5m.

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28 Mar 2023 14:15

Wednesday preview: UK money supply growth, Next in focus

(Sharecast News) - Investors' focus in the middle of the week would swivel back to the UK.

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28 Mar 2023 07:56

LONDON BRIEFING: Diageo CEO to retire; UK shop inflation hits record

(Alliance News) - Stocks in London were set for a higher open on Tuesday, with investors feeling cautiously optimistic as the dust settles from the recent turmoil in the banking sector.

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