Last checked at 14 Apr 2023 23:00
Investors to urge UK firms to protect low-paid workers
Low paid disproportionately hit by high inflation
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Next Information
Share Price Information for Next (NXT)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
9,338.00
Bid:
9,330.00
Ask:
9,332.00
Change:
2.00 (0.02%)
Spread:
2.00 (0.021%)
Open:
9,326.00
High:
9,400.00
Low:
9,292.00
Prev. Close:
9,336.00
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Don't have an account? Click here to register.London pre-open: Stocks seen lower as investors eye retail sales data
Thu, 24th Mar 2016 07:12
(ShareCast News) - London stocks were set to open weaker on Thursday following downbeat cues from the US and Asia, as a stronger dollar hits commodity prices.The FTSE 100 is seen starting 40 points lower than Wednesday's close at 6,159."The rebound in the US dollar along with a sharp drop in the oil price prompted a sharp selloff in US markets yesterday which is likely to feed through into a lower European open this morning", said Michael Hewson, chief market analyst at CMC Markets.On the data front, UK retail sales are at 0930 GMT. In the US, initial jobless claims and durable goods orders are at 1230 GMT while Markit's manufacturing PMI is at 1345 GMT.Hewson said the UK retail sales figures are expected to have slipped back after a strong January."It would be entirely understandable for the February numbers to disappoint given some of the recent weaker than expected economic data that we've seen from all sectors of the economy. The recent flooding and bad weather could well also have acted as a slight drag on sentiment."Next full year profit at upper end of expectations but warns on year ahead Full year profits from Next were at the upper end of expectations but the clothing retailer warned the year ahead "may well be the toughest we have faced since 2008".Total group sales rose by 3% to £4.1bn as growth from the Directory online and catalogue business of 8% made up for just a 1% increase from retail.FTSE 250 engineering firm Renishaw issued a profit warning on Thursday, saying in a trading statement that revenue last year benefited from a number of large orders in the Far East, which had not been repeated to the same extent in the current year.Renishaw's board said it had now received information indicating it was unlikely to achieve the trading levels previously anticipated in its half-year report in January."We are continuing to experience underlying growth (after adjusting for the large orders) and now expect full year revenue to be in the range of £420m-£440m and a profit before tax in the range of £67m-£83m," it said.
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5 Apr 2023 15:24
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TOP NEWS: Next shares down as warns of profit and sales decline
(Alliance News) - Next PLC on Wednesday hailed a "good year" in 2022 despite various challenges, but expects a "difficult" year ahead as selling price inflation will be "more benign" than anticipated.
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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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Next snaps up Cath Kidston vintage clothing brand for GBP8.5 million
(Alliance News) - Next PLC on Tuesday said it has bought the Cath Kidston vintage clothing brand in a GBP8.5 million deal.
Read more28 Mar 2023 16:44
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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Wednesday preview: UK money supply growth, Next in focus
(Sharecast News) - Investors' focus in the middle of the week would swivel back to the UK.
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