The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 9,308.00
Bid: 9,272.00
Ask: 9,276.00
Change: 34.00 (0.37%)
Spread: 4.00 (0.043%)
Open: 9,288.00
High: 9,330.00
Low: 9,252.00
Prev. Close: 9,274.00
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 open: Stormy times for Cape

Wed, 01st Aug 2012 08:42

London has got off to a quiet start, with investors adopting a wait-and-see attitude ahead of today's completion of the meeting of the US Federal Reserve's policy making committee."It seems hope and sentiment for further stimulus from the US Fed Chairman and the ECB [European Central Bank] President have been key ideals supporting losses as well as enhancing gains over the last few days within the markets," suggests Shavaz Dhalla, a trader at spread betting firm Spreadex. "However, over the next few days investors are hoping that such sentiment will lead to a stimulus announcement from policy makers. A failure to do so, could result in a marathon of volatility within the global markets," Dhalla speculated. Cape plunges on profits warningThe response to trading updates from FTSE 100 heavyweights Standard Chartered and Next has been positive, but it is in the FTSE 250 space where the drama is, as energy support services firm Cape issued a profit warning.The group is unlikely to meet previous expectations for 2012, with problems likely to continue into 2013, despite a restructure of the Australian part of its business. Looking at the hammering Cape is getting in the market, the assertion from Peter Sands, the Chief Executive Officer of banking giant Standard Chartered, that there is "some virtue in being boring" is carrying extra weight.The emerging markets focused bank saw profit before tax for the six months to the end of June was up 9% to $3,636m from $3,139m the year before, in line with operating income, which improved to $9,511m from $8.764m in the first half of 2011.Fashion firm Next continues to march to a different drum in the retail sector, with its online and catalogue sales coming to the rescue in a period when umbrellas were the must-have accessory to any outfit.Total sales for the first half of 2012 were up 4.5% against last year, the firm said, topping its prediction of growth between 1% and 4%. Like-for-like sales came in at 2%, beating some analysts' expectations of a rise of just 1%. Sales at its online and catalogue Next Directory arm were up 13.3% on last year making up for high street retail sales which crept up just 0.2%. Can maker Rexam is getting a bit of a kicking and must be looking forward to getting shot of its loss-making Personal Care unit, which ensured that the packaging giant's bottom line was written in red at the halfway point of the year.Gilts steady, oil little changedThe benchmark 10-year gilt is little changed in early trading. The yield has edged up from 1.47% to 1.48%.The most widely traded contract for Brent Crude is down 12 cents at $104.80 a barrel.FTSE 100 - RisersNext (NXT) 3,344.00p +3.88%Standard Chartered (STAN) 1,495.50p +2.12%Antofagasta (ANTO) 1,088.00p +1.49%Rolls-Royce Holdings (RR.) 863.00p +1.47%Admiral Group (ADM) 1,108.00p +1.47%Aviva (AV.) 295.50p +1.34%HSBC Holdings (HSBA) 540.10p +1.16%ARM Holdings (ARM) 557.50p +1.09%Reed Elsevier (REL) 543.50p +1.02%Intertek Group (ITRK) 2,762.00p +1.02%FTSE 100 - FallersRexam (REX) 420.30p -3.27%Whitbread (WTB) 2,103.00p -1.54%Weir Group (WEIR) 1,632.00p -1.39%Johnson Matthey (JMAT) 2,151.00p -1.33%Eurasian Natural Resources Corp. (ENRC) 389.10p -0.99%Fresnillo (FRES) 1,442.00p -0.96%Randgold Resources Ltd. (RRS) 5,750.00p -0.86%Petrofac Ltd. (PFC) 1,480.00p -0.74%BT Group (BT.A) 215.80p -0.69%GKN (GKN) 209.20p -0.57%FTSE 250 - RisersRightmove (RMV) 1,545.00p +3.55%Avocet Mining (AVM) 77.20p +2.93%Laird (LRD) 222.10p +2.35%Filtrona PLC (FLTR) 475.80p +2.32%Jupiter Fund Management (JUP) 221.30p +1.98%RIT Capital Partners (RCP) 1,215.00p +1.67%New World Resources A Shares (NWR) 300.00p +1.63%UBM (UBM) 650.50p +1.56%Lancashire Holdings (LRE) 795.00p +1.53%Centamin (DI) (CEY) 67.50p +1.35%FTSE 250 - FallersCape (CIU) 174.90p -39.67%Ruspetro (RPO) 140.78p -2.91%African Barrick Gold (ABG) 368.00p -2.13%Restaurant Group (RTN) 319.60p -1.99%Kentz Corporation Ltd. (KENZ) 379.74p -1.82%Home Retail Group (HOME) 76.15p -1.74%JD Sports Fashion (JD.) 677.00p -1.60%Beazley (BEZ) 156.30p -1.51%Aberforth Smaller Companies Trust (ASL) 586.00p -1.51%F&C Asset Management (FCAM) 86.70p -1.48%JH
More News
29 Jun 2023 12:47

H&M to grow third-party brand strategy as online rivalry intensifies

STOCKHOLM, June 29 (Reuters) - H&M plans to sell more third-party brands online and in stores, CEO Helena Helmersson said on Thursday, as one of the world's top fashion retailers ramps up its effort to take on e-commerce rivals.

Read more
26 Jun 2023 09:47

AB Foods raises profit outlook as Primark gets summer boost

Sees 2022-23 profit 'moderately ahead' of previous year

*

Read more
26 Jun 2023 08:55

LONDON BROKER RATINGS: JPMorgan cuts Lloyds Banking to 'underweight'

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

Read more
21 Jun 2023 12:33

Elliott mulls potential bid for Reiss - report

(Sharecast News) - Activist investor Elliott Advisors has emerged as a potential suitor for fashion brand Reiss, it was reported on Wednesday.

Read more
21 Jun 2023 11:41

Next a strong UK fashion market outfit as summer weather boosts sales

(Alliance News) - Next PLC is a "clear winner" in the UK fashion market as warm weather boosts its sales, Liberum said.

Read more
20 Jun 2023 11:28

Move over China, India & Brazil are in: TS Lombard

STOXX Europe 600 down 0.5%

*

Read more
20 Jun 2023 10:38

Citi: "Can the bullish momentum continue?"

STOXX Europe 600 down 0.5%

*

Read more
20 Jun 2023 09:35

LONDON BROKER RATINGS: JPMorgan sees negative catalysts for Ocado

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

Read more
20 Jun 2023 09:10

STOXX on the backfoot

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

STOXX ON THE BACKFOOT (0754 GMT)

Read more
19 Jun 2023 17:09

London stocks lag as miners slip; AstraZeneca weighs

AstraZeneca down on report of China business spin off plan

*

Read more
19 Jun 2023 16:53

LONDON MARKET CLOSE: Stocks under pressure from expected BoE hike

(Alliance News) - Stocks in London ended lower on Monday, weighed down by a disappointing post-Covid recovery in China and the increasing expectation that interest rates in the UK will keep pushing higher.

Read more
19 Jun 2023 14:13

UK's Next raises profit outlook on better weather, consumers' wage hikes

Second quarter sales up 9.3% year-on-year

*

Read more
19 Jun 2023 13:47

TOP NEWS: Next ups full-year guidance as sunnier weather lifts sales

(Alliance News) - Next PLC on Monday lifted yearly guidance after enjoying better-than-expected trading in recent weeks due to warmer weather and more consumer spending power.

Read more
19 Jun 2023 13:01

Next lifts FY sales and profit guidance, shares surge

(Sharecast News) - Next surged on Monday after the retailer upgraded its full-year sales and profit guidance following much better-than-expected trading in the last seven weeks, boosted by warmer weather and the impact of pay rises.

Read more
15 Jun 2023 09:12

LONDON BROKER RATINGS: Goldman Sachs cuts Diageo to 'neutral'

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

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.