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Share Price: 9,246.00
Bid: 9,280.00
Ask: 9,282.00
Change: -36.00 (-0.39%)
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Friday tips round-up: Next

Fri, 12th Sep 2014 12:12

Fashion retailer Next’s latest trading statement showed that its Directories business grew at a slower rate than its stores even after making allowance for new outlets – a first for the firm.So it’s fair for investors to ask where the growth will come from going forward? Fortunately for them, the company’s chief - Lord Wolfson of Aspley Guise – has a reputation as an intellectual in the sector. He was one of the first to see the merits of the ‘click-and-collect’ model. The company is pushing prices higher at its retail stores, while Directory outside the UK is expanding into new geographies, although it is cautious on China. Furthermore, more new space is being dedicated to furniture, instead of fashion. Also worth taking into account, Next has a policy of share buy-backs, which is a useful prop for the stock’s price. “Next is one of the best performers in the sector, and this is no time to go short.” Buy, says The Times’s Tempus.Next has come a long way over the last five years. By providing the UK with quality goods at a reasonable price it has become the second largest company in its sector and the most profitable one. Its stock price has reflected this, jumping to £70 from the low of £10 hit in the aftermath of the financial crisis in 2009. However, the firm itself warned that the enviable combination of an improving economy, low interest rates and availability of credit may not continue next year. Indeed, a rise in interest rates could damage sales at its Directories or catalogues business. A comfortable majority of its 3.94m customers have a credit account with the company which they access via their Next Directory Card.The company is currently trading on 17.5 times’ forecast earnings, dropping to 16.2 times next year. “It has been a fantastic run in the shares,” but The Daily Telegraph’s Questor column believes now is as good a time as any to take profits. So ‘sell’, Questor adds.
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14 Apr 2023 23:00

Investors to urge UK firms to protect low-paid workers

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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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Banks boost European stocks, UBS climbs after naming Ermotti CEO

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29 Mar 2023 17:11

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

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29 Mar 2023 09:26

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

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

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

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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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