We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 9,120.00
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 4.00 (0.044%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 9,120.00
NXT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.
More News
1 Nov 2023 07:40

LONDON BRIEFING: GSK raises annual guidance following Arexvy launch

(Alliance News) - Stocks in London are called higher on Wednesday, with the main focal point for the day being the upcoming US interest rate decision.

Read more
1 Nov 2023 07:01

Next boosts full-year sales guidance

(Sharecast News) - Next boosted its full-year guidance on Wednesday, after third-quarter trading beat internal expectations.

Read more
25 Oct 2023 16:01

UK earnings, trading statements calendar - next 7 days

Thursday 26 October 
Bank of Ireland Group PLCTrading Statement
Bloomsbury Publishing PLCHalf Year Results
Botswana Diamonds PLCTrading Statement
C&C Group PLCHalf Year Results
e-Therapeutics PLCHalf Year Results
Financials Acquisition CorpTrading Statement
GCP Infrastructure Investments LtdTrading Statement
HarbourVest Global Private Equity LtdHalf Year Results
Hummingbird Resources PLCTrading Statement
Hunting PLCTrading Statement
Inchcape PLCTrading Statement
International Personal Finance PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Renishaw PLCTrading Statement
Standard Chartered PLCQ3 Results
Unilever PLCTrading Statement
WPP PLCTrading Statement
Friday 27 October 
International Consolidated Airlines Group SAQ3 Results
NatWest Group PLCQ3 Results
Monday 30 October 
Airtel Africa PLCHalf Year Results
Computacenter PLCTrading Statement
Glencore PLCTrading Statement
HSBC Holdings PLCQ3 Results
Lok'n Store Group PLCFull Year Results
Pearson PLCTrading Statement
Tuesday 31 October 
BP PLCQ3 Results
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
essensys PLCFull Year Results
Georgia Capital PLCQ3 Results
Grit Real Estate Income Group LtdFull Year Results
RHI Magnesita NVTrading Statement
Spectris PLCQ3 Results
TP ICAP Group PLCTrading Statement
UP Global Sourcing Holdings PLCFull Year Results
Wednesday 1 November 
Asos PLCFull Year Results
Aston Martin Lagonda Global Holdings PLCQ3 Results
Beximco Pharmaceuticals LtdFull Year Results
GSK PLCQ3 Results
Next PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Weir Group PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
23 Oct 2023 19:21

London close: Stocks mixed at start of busy week

(Sharecast News) - London's stock markets finished with a varied performance on Monday, driven by concerns over rising UK bond yields and global interest rate trends.

Read more
13 Oct 2023 17:08

LONDON MARKET CLOSE: Stocks red as rate fears weigh on investors

(Alliance News) - Stocks closed lower on Friday in London as investors looked increasingly risk averse amid an expectation that interest rates will stay higher for longer and clashes continue in the Middle East.

Read more
13 Oct 2023 17:00

LONDON MARKET CLOSE: Stocks lower as conflict and rate fears weigh

(Alliance News) - Stocks in London ended in the red on Friday as escalating tensions in the Middle East and the prospect of interest rates staying higher for longer put investors in a firmly risk-off mood.

Read more
13 Oct 2023 15:50

Next to buy FatFace in £115.2m deal

(Sharecast News) - Clothing and homeware retailer Next said on Friday that it has agreed to buy FatFace for £115.2m from a consortium of financial institutions.

Read more
13 Oct 2023 15:49

TOP NEWS: Next to acquire FatFace for GBP115.2 million

(Alliance News) - Next PLC on Friday said it will acquire FatFace Group Ltd for GBP115.2 million from a consortium of financial institutions.

Read more
11 Oct 2023 16:48

PRESS: Next eyes up FatFace in GBP100 million deal - Sky News

(Alliance News) - Sky News on Thursday reported that Next PLC is lining up FatFace as its latest high street takeover deal.

Read more
11 Oct 2023 15:01

London close: Stocks weaker amid Gaza tensions, hot US producer prices

(Sharecast News) - Stocks in London ended in the red on Wednesday, impacted by heightened concerns regarding global inflation and ongoing situations in the Middle East.

Read more
11 Oct 2023 12:50

Next close to snapping up FatFace in £100m deal - report

(Sharecast News) - Next is reportedly close to snapping up FatFace in a deal worth more than £100m.

Read more
9 Oct 2023 15:40

London close: Stocks slip into red on growing Middle East concerns

(Sharecast News) - London's financial markets closed in the red on Monday, relinquishing earlier gains as geopolitical tensions emanating from the Israel-Gaza conflict hit global sentiment.

Read more
9 Oct 2023 10:33

JPMorgan places Next, AB Foods on 'negative catalyst watch'

(Sharecast News) - JPMorgan Cazenove placed the shares of Next and Primark owner Associated British Foods on 'negative catalyst watch' on Monday as it took a look at the European general retail sector.

Read more
9 Oct 2023 08:54

LONDON BROKER RATINGS: Numis raises Rotork and cuts Bodycote

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

Read more
9 Oct 2023 07:42

LONDON BRIEFING: Metro Bank secures deal to shore up finances

(Alliance News) - Stocks in London are set to open higher on Monday as interest rate expectations held steady despite Friday's bumper US nonfarm payrolls report.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.