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Share Price: 9,338.00

Bid: 9,338.00

Ask: 9,340.00

Change: 28.00 (0.30%)

Spread: 2.00 (0.021%)

Open: 9,238.00

High: 9,356.00

Low: 9,210.00

Prev. Close: 9,310.00

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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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LONDON MARKET OPEN: FTSE 100 opens lower but outperforms peers in 2022

(Alliance News) - Stock prices in London opened the last trading day of the year lower on Friday, but the FTSE 100 index has fared better than other blue-chip indices in Europe in 2022 as a whole.

29 Dec 2022 13:40

UK earnings, trading statements calendar - next 7 days

Friday 30 December
no events scheduled
Monday 02 January
no events scheduled
Tuesday 03 January
no events scheduled
Wednesday 04 January
no events scheduled
Thursday 05 January
B&M European Value Retail SA	Trading Statement
Greggs PLC	Trading Statement
Next PLC	Trading Statement

Copyright 2022 Alliance News Ltd. All Rights Reserved.

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:

29 Dec 2022 07:31

LONDON BRIEFING: Growing concern about China as Covid cases surge

(Alliance News) - Stocks in London are set to open lower on Thursday amid worries about rising Covid cases in the world's second-largest economy.

28 Dec 2022 16:57

LONDON MARKET CLOSE: Catch-up playing FTSE up amid jitters elsewhere

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

23 Dec 2022 09:59

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:

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.

21 Dec 2022 16:52

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(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.

21 Dec 2022 11:11

German gas subsidy clouds euro area inflation forecasts

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19 Dec 2022 17:05

LONDON MARKET CLOSE: Stocks higher despite downbeat UK data

(Alliance News) - Stock prices in London closed in the green on Monday, showing some positivity at the beginning of a festive week despite some gloomy data out of the UK.

19 Dec 2022 09:40

LONDON BROKER RATINGS: JPMorgan cuts Marks & Spencer to 'underweight'

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

19 Dec 2022 08:55

LONDON MARKET OPEN: Stocks higher as China begins shaky reopening

(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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