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Share Price Information for Next (NXT)

London Stock Exchange
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Share Price: 9,286.00
Bid: 9,284.00
Ask: 9,288.00
Change: 98.00 (1.07%)
Spread: 4.00 (0.043%)
Open: 9,228.00
High: 9,296.00
Low: 9,182.00
Prev. Close: 9,188.00
NXT Live PriceLast checked at -

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London midday: Markets look to Fed for a boost

Thu, 13th Sep 2012 11:50

- Markets tentative ahead of FOMC announcement- Stocks already priced in stimulus- Next and BAE provide a drag in LondonThe FTSE 100, like other stock markets across Europe, was broadly flat by Thursday lunchtime ahead of a pivotal policy decision by the Federal Reserve expected later on. Yesterday, the STOXX Europe 600 Index rose to a 14-month high after the German Constitutional Court approved the European Stability Mechanism (ESM), clearing the way for Germany to sign the agreement into law."European financial markets are on the soft side this morning, with investors holding back from building risk positions ahead of the Federal Open Market Committee meeting after the European closing bell," said market strategist Ishaq Siddiqi from ETX Capital. "European indices are in tight ranges as are peripheral bonds while the dollar earlier hit seven-month lows versus the yen on the expectation that the Fed will resort to stimulus measures," he said.Markets have already priced in a high probability of a new round of monetary stimulus. Analyst Henry Skeoch from Barclays Research said: "should the Fed fall short of market expectations, there may be risks of a reversal of the recent strong performance in risk assets and sharp sell-off in core rates."FTSE 100: Next, BAE are heavy fallers in morning tradeHigh Street retailer Next tanked despite a decent first half in which revenues rose 4.8% and profits increased 10.2%. However, the firm warned that the second half has got off to a poor start: "Disappointing sales in an unusual August and early September reinforce the wisdom of [our] conservative approach." The stock was also pressured lower this morning after Investec downgraded its rating from buy to hold, highlighting that the shares are close to an all-time high.??Defence group BAE Systems was also a heavy faller, pulling back after surging yesterday on discussions with aerospace giant EADS regarding a "possible combination" of the businesses. Investec, Societe Generale and Oriel Securities cut their recommendations for the stock this morning.??Accountancy software group Sage was among the risers as big speculation continues to lift the stock. The Daily Mail reported earlier this week that private-equity firms KKR & Co and Blackstone could make a £5.58bn offer. ??British telecoms giant BT was extending yesterday's gains after sealing a "ground-breaking" £152m deal on afternoon for a range of exclusive live rights for Premiership Rugby, dealing a massive blow to current broadcaster BSkyB. ?FTSE 250: Premier Farnell, Imagination Tech head opposite directions Electronics components supplier Premier Farnell surged after seeing the year-on-year decline in its top line slow in the second quarter, as it sacrificed margin to protect market share. ??The day after the much ballyhooed release of Apple's iPhone5, chip designer Imagination Technologies released a well-timed trading update in which it revealed its business momentum has continued in the new financial year. Nevertheless, shares fell sharply early on. ??Homewares retailer Dunelm rose after saying pre-tax profit climbed a better than expected 15.1% in the first half and while it remains cautious of the UK consumer environment it is confident in the future prospects of the business. FTSE 100 - RisersResolution Ltd. (RSL) 222.00p +2.16%Rolls-Royce Holdings (RR.) 846.00p +2.11%Hargreaves Lansdown (HL.) 638.50p +1.35%Vodafone Group (VOD) 176.30p +1.32%Sainsbury (J) (SBRY) 336.50p +1.32%BG Group (BG.) 1,254.50p +1.21%Prudential (PRU) 831.50p +1.09%SSE (SSE) 1,383.00p +1.02%Aberdeen Asset Management (ADN) 297.00p +0.92%ARM Holdings (ARM) 560.00p +0.90%FTSE 100 - FallersBAE Systems (BA.) 340.50p -6.35%Next (NXT) 3,365.00p -5.98%Vedanta Resources (VED) 956.50p -2.94%ICAP (IAP) 329.80p -2.54%Evraz (EVR) 263.30p -2.12%Glencore International (GLEN) 352.00p -2.11%Rio Tinto (RIO) 3,013.00p -2.08%Eurasian Natural Resources Corp. (ENRC) 328.40p -1.82%Ashmore Group (ASHM) 322.90p -1.58%Kazakhmys (KAZ) 667.50p -1.55%FTSE 250 - RisersPremier Farnell (PFL) 190.00p +10.59%Essar Energy (ESSR) 112.30p +3.89%Barratt Developments (BDEV) 164.50p +3.59%SDL (SDL) 665.00p +3.58%Stobart Group Ltd. (STOB) 116.50p +3.28%Ophir Energy (OPHR) 614.00p +3.19%Atkins (WS) (ATK) 684.00p +2.55%Dunelm Group (DNLM) 640.50p +2.48%Persimmon (PSN) 757.00p +2.44%Gem Diamonds Ltd. (DI) (GEMD) 182.50p +2.18%FTSE 250 - FallersImagination Technologies Group (IMG) 580.50p -4.84%Home Retail Group (HOME) 95.20p -4.23%Debenhams (DEB) 96.60p -3.40%Bumi (BUMI) 284.50p -2.93%Talvivaara Mining Company (TALV) 152.30p -2.62%EnQuest (ENQ) 120.50p -2.59%Afren (AFR) 134.10p -2.40%Computacenter (CCC) 399.80p -2.23%Bodycote (BOY) 386.10p -2.15%Investec (INVP) 387.00p -2.03%BC
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22 Mar 2024 09:21

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21 Mar 2024 09:20

TOP NEWS: Next celebrates record year as profit beats expectations

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14 Mar 2024 15:06

UK earnings, trading statements calendar - next 7 days

Friday 15 March 
Berkeley Group Holdings PLCTrading Statement
Volution Group PLCHalf Year Results
Monday 18 March 
Marshalls PLCFull Year Results
Seeing Machines LtdHalf Year Results
Serinus Energy PLCFull Year Results
SigmaRoc PLCFull Year Results
Team Internet Group PLCFull Year Results
Tuesday 19 March 
Atalaya Mining PLCFull Year Results
Close Brothers Group PLCHalf Year Results
DFS Furniture PLCHalf Year Results
Eagle Eye Solutions Group PLCHalf Year Results
Essentra PLCFull Year Results
Fintel PLCFull Year Results
Litigation Capital Management LtdHalf Year Results
Midwich Group PLCFull Year Results
Mpac Group PLCFull Year Results
MP Evans Group PLCFull Year Results
Pebble Group PLCFull Year Results
Personal Group Holdings PLCFull Year Results
Sabre Insurance Group PLCFull Year Results
Staffline Group PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
Trustpilot Group PLCFull Year Results
Yu Group PLCFull Year Results
Zotefoams PLCFull Year Results
Wednesday 20 March 
Computacenter PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eurocell PLCFull Year Results
FDM Group PLCFull Year Results
Investec PLCTrading Statement
Kenmare Resources PLCFull Year Results
Prudential PLCFull Year Results
VietNam Holding LtdHalf Year Results
Thursday 21 March 
Aptitude Software Group PLCFull Year Results
Aquis Stock Exchange PLCFull Year Results
Centamin PLCFull Year Results
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Dowlais Group PLCFull Year Results
Energean PLCFull Year Results
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Next PLCFull Year Results
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Broker tips: Next, Marshalls, easyJet

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