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Share Price Information for Next (NXT)

London Stock Exchange
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Share Price: 9,120.00
Bid: 9,122.00
Ask: 9,126.00
Change: 16.00 (0.18%)
Spread: 4.00 (0.044%)
Open: 9,156.00
High: 9,156.00
Low: 8,972.00
Prev. Close: 9,104.00
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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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17 Jan 2024 12:36

IN BRIEF: Next adds Hargreaves Lansdown CFO Amy Stirling to board

Next PLC - Leicester, England-based clothing and homewares retailer - Appoints Amy Stirling to its board as an independent non-executive director, starting April 2. Stirling is the chief financial officer of wealth management platform operator Hargreaves Lansdown PLC. She joined Hargreaves in February 2022, having previously been CFO of the Virgin Group.

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11 Jan 2024 12:02

Partying Britons boost Tesco and M&S at Christmas but cautious for new year

LONDON, Jan 11 (Reuters) - Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spending in still tough economic conditions.

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10 Jan 2024 11:16

UK's Sainsbury's in contact with government over Red Sea disruption

LONDON, Jan 10 (Reuters) - Sainsbury's is in regular contact with the UK government about the disruption to shipping in the Red Sea, the supermarket group said on Wednesday, in a sign of the nervousness of major importers about securing supplies.

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10 Jan 2024 06:00

Retailers rush to avoid delays to spring collections due to Red Sea attacks

NEW YORK/LONDON, Jan 10 (Reuters) - Retailers worldwide are stocking up on goods before China's Lunar New Year holiday and seeking air or rail alternatives to transportation via the Red Sea in a scramble to avoid empty shelves this spring, executives and experts told Reuters.

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9 Jan 2024 09:47

UK's B&M not expecting material impact from Red Sea attacks

LONDON, Jan 9 (Reuters) - British discount chain B&M does not expect any material impact from disruption to shipments through the Suez Canal due to attacks by Iran-backed Yemeni Houthi militants in the Red Sea, its CEO said on Tuesday.

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9 Jan 2024 00:01

UK retailers report subdued Christmas spending: BRC

LONDON, Jan 9 (Reuters) - British retailers reported lacklustre sales around Christmas, according to industry data released on Tuesday which may add to concerns that the economy has tipped into a mild recession, less than a year before a likely national election.

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8 Jan 2024 09:24

LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

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

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8 Jan 2024 07:17

LondonMetric buys warehouse for £21.2m for let to Next

(Sharecast News) - LondonMetric Property said it had bought a warehouse in Doncaster for £21.2m which will be let to fashion retailer Next for 13 years.

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5 Jan 2024 08:57

LONDON BROKER RATINGS: Jefferies cuts Mondi to 'hold' from 'buy'

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

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4 Jan 2024 17:03

FTSE 100 rebounds as Next outweighs slump in JD Sports

Next shines on profit forecast hike

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4 Jan 2024 16:54

LONDON MARKET CLOSE: Stocks up ahead of US nonfarm payrolls

(Alliance News) - Stock prices in London closed higher on Thursday, as investors eye the latest US non-farms data.

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4 Jan 2024 13:35

UK'S Sainsbury's to spend 200 mln stg on 9% rise in workers pay

LONDON, Jan 4 (Reuters) - British supermarket group Sainsbury's said on Thursday it would invest 200 million pounds ($254 million) on raising the pay of 120,000 workers by more than 9% to a level above the new rate of the government-mandated national minimum wage.

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4 Jan 2024 13:07

London close: Stocks rise as US jobless claims slow

(Sharecast News) - London markets showed mixed performance on Thursday as investors digested the latest UK services and mortgage data and a fall in jobless claims across the pond.

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4 Jan 2024 12:09

LONDON MARKET MIDDAY: Retailers Next and JD Sports bookend FTSE 100

(Alliance News) - Stock prices in London were slightly higher at midday on Thursday, with the FTSE 100 looking set to snap the two-day losing streak it suffered at the start of the year.

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4 Jan 2024 11:25

Red Sea attacks could moderate growth at UK's Next, says CEO

LONDON, Jan 4 (Reuters) - British clothing retailer Next's sales growth will likely be moderated if disruption to shipments through the Suez Canal due to attacks by Iran-backed Yemeni Houthi militants in the Red Sea continues through 2024, its boss said on Thursday.

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