Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

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: 9,106.00
Bid: 9,134.00
Ask: 9,138.00
Change: 8.00 (0.09%)
Spread: 4.00 (0.044%)
Open: 9,240.00
High: 9,274.00
Low: 9,106.00
Prev. Close: 9,098.00
NXT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: Markets slip on mixed manufacturing data, but retailers gain

Thu, 02nd Jan 2014 16:37

- FTSE 100 pulls back after recent strong run- Manufacturing growth eases in China, UK and US- Debenhams CFO departs after profit warningtechMARK 2,772.41 -0.32%FTSE 100 6,717.91 -0.46%FTSE 250 15,919.09 -0.10% UK markets finished the first session of the new year in the red after a host of mixed data from across the globe, with the FTSE 100 pulling back after an impressive finish to 2013.Economic figures released today showed that manufacturing activity growth in China, the UK and US eased during December, but picked up slightly in the Eurozone. London's benchmark index, which rose 14.4% during 2013 to finish with its best annual gain since 2009, had risen by nearly 5% in the final two and a half weeks alone. Following a bank holiday yesterday, the Footsie finished Thursday's session down 31.18 points at 6,717.91."Equities have started 2014 on the wrong foot after an excellent performance in 2013. The City of London is not at full capacity just yet, and the holiday feeling is still lingering with trading volumes and volatility low. The City should be firing on all cylinders next week," said Market Analyst David Madden from IG.Global manufacturing PMIs come in mixedChina's official manufacturing purchasing managers' index (PMI), released on Wednesday, fell from 51.4 to 51 in December, missing the 51.2 expected by analysts. Meanwhile, Thursday's HSBC/Markit survey showed that the manufacturing PMI declined from 50.8 to 50.5, broadly in line with forecasts.While both figures came in above 50, indicating growth, they showed that the rate of manufacturing expansion had decelerated during the month.Closer to home, the UK manufacturing PMI fell from a revised 58.1 to 57.3 in December, missing the prediction of a small up-tick to 58.2.The final reading of the Eurozone manufacturing PMI was confirmed at 52.7, up from November's 51.6. While activity picked up in Spain, Italy and Germany during the month, conditions in France continued to deteriorate.Meanwhile, the ISM manufacturing index in the US edged lower from 57.3 to 57 last month but still came in ahead of the 56.8 consensus forecast.Retailers bounce back after slumpThe general retail sector was making small gains today, recovering after a Debenhams-inspired sell-off the previous session following its profit warning. Following a 12% tumble on New Year's Eve, Debenhams rose 3% today after the company confirmed media speculation that its Chief Financial Officer Simon Herrick would be stepping down next month.Sentiment in the industry has also recovered slightly after fellow department stores John Lewis and House of Fraser reported strong sales in the lead-up to Christmas. Analysts at Numis Securities said in a research report that this showed that Debenhams' problems were more "company-specific" rather than indicative of trends across the wider industry.Other retailers such as ASOS, Mothercare, Dunelm, WH Smith, Kingfisher and Sports Direct were all making gains on Thursday, along with Next ahead of its trading update due out tomorrow.Randgold Resources made strong gains this afternoon, helped by a jump in the price of gold of as much as 2%. Rob Cohen, the Lead Portfolio Manager with Dynamic Funds, was also quoted as saying the company was a "good position to do acquisitions" and has a "really good balance sheet". Precious metals peer Fresnillo was also higher as the price of silver surged by around 3.5%.Oil group Ophir Energy fell sharply after it failed to discover oil or gas in the first of its much-anticipated "high impact" wells drilled offshore Tanzania in 2014. Sector peer Royal Dutch Shell also finished lower despite the news that it has completed the purchase of $4.1bn of liquefied natural gas assets from Spanish rival Repsol at a better price than previously announced. FTSE 100 - RisersRandgold Resources Ltd. (RRS) 3,934.00p +3.80%Hargreaves Lansdown (HL.) 1,405.00p +3.77%Ashtead Group (AHT) 783.50p +3.09%Associated British Foods (ABF) 2,488.00p +1.76%Royal Mail (RMG) 579.00p +1.58%Next (NXT) 5,530.00p +1.47%Persimmon (PSN) 1,256.00p +1.37%Fresnillo (FRES) 755.00p +1.27%International Consolidated Airlines Group SA (CDI) (IAG) 406.10p +1.17%Meggitt (MGGT) 533.50p +1.14%FTSE 100 - FallersSage Group (SGE) 394.10p -2.38%Rexam (REX) 518.00p -2.36%Hammerson (HMSO) 490.40p -2.31%SSE (SSE) 1,339.00p -2.26%Anglo American (AAL) 1,292.00p -2.12%TUI Travel (TT.) 404.80p -2.01%Aberdeen Asset Management (ADN) 490.00p -2.00%Unilever (ULVR) 2,436.00p -1.85%British Land Co (BLND) 617.50p -1.83%SABMiller (SAB) 3,044.50p -1.82%FTSE 250 - RisersInternational Personal Finance (IPF) 537.50p +7.93%Imagination Technologies Group (IMG) 190.50p +7.08%Hikma Pharmaceuticals (HIK) 1,277.00p +6.33%African Barrick Gold (ABG) 197.50p +6.30%Rank Group (RNK) 142.30p +5.41%Synthomer (SYNT) 264.10p +3.77%Supergroup (SGP) 1,465.00p +3.53%Diploma (DPLM) 698.00p +3.41%Barr (A.G.) (BAG) 585.00p +3.36%Renishaw (RSW) 2,009.00p +3.29%FTSE 250 - FallersOphir Energy (OPHR) 300.90p -8.21%Spirent Communications (SPT) 99.65p -4.00%Pace (PIC) 306.30p -3.74%Foxtons Group (FOXT) 321.70p -3.25%Enterprise Inns (ETI) 149.50p -2.92%ICAP (IAP) 438.60p -2.88%Ted Baker (TED) 2,224.00p -2.88%Howden Joinery Group (HWDN) 335.20p -2.78%Homeserve (HSV) 267.70p -2.76%Shaftesbury (SHB) 610.50p -2.63%BC
More News
1 Feb 2024 09:46

Barclays downgrades Next, says shares up with events

(Sharecast News) - Barclays downgraded Next on Thursday to 'equalweight' from 'overweight' but lifted the price target to 8,500p from 8,250p, as it said the valuation is now reasonable.

Read more
1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

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

Read more
1 Feb 2024 07:42

LONDON BRIEFING: Shell profit falls; announces USD3.5 billion buyback

(Alliance News) - Stocks in London are set to follow New York into the red, after the US Federal Reserve quashed hopes of a March cut to interest rates and ahead of the Bank of England interest rate decision.

Read more
19 Jan 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 edges up despite poor UK retail sales

(Alliance News) - The FTSE 100 edged higher on Friday at around midday, though the pound struggled after data showed that UK retail sales plunged in December.

Read more
19 Jan 2024 08:50

LONDON MARKET OPEN: FTSE 100 rises amid UK shock retail sales print

(Alliance News) - Stock prices in London outperformed on Friday's market open, after weaker-than-expected UK retail sales data appeared to stoke hopes of an earlier interest rate cut.

Read more
18 Jan 2024 09:16

LONDON BROKER RATINGS: Exane BNP cuts BAE; Liberum lifts Naked Wines

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

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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:

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.