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Share Price: 9,042.00
Bid: 9,088.00
Ask: 9,092.00
Change: -78.00 (-0.86%)
Spread: 4.00 (0.044%)
Open: 9,152.00
High: 9,210.00
Low: 9,042.00
Prev. Close: 9,120.00
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MARKET TALK: VAT Rise To Squeeze UK Discretionary Income-Shore

Tue, 22nd Jun 2010 14:11

1311 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year will squeeze discretionary income in '11 and will make it harder for retailers to maintain performance levels, Shore Capital analyst Clive Black says. However, Black adds the impact will be partially offset by a lower corporation tax rate. Says food retailers will materially outperform in general retail spaces due to guaranteed footfall. Says the VAT rise is no shock, causing a spike in costs for retailers at the year end, and the continued exemption on food and children's clothes will be welcomed. Says passing on charges to consumers is unavoidable. DSG +4.8% at 29p, M&S +3.2% at 354p, Next +2.8% at 2201p, Tesco +1.9% at 396p. Sainsbury +0.5% at 331p. (simon.zekaria@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires June 22, 2010 09:11 ET (13:11 GMT)
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8 Sep 2023 09:16

LONDON BROKER RATINGS: SocGen raises Next to 'buy' from 'hold'

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

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8 Sep 2023 08:55

LONDON MARKET OPEN: UK jobs market slow; Round hill soars on takeover

(Alliance News) - Stock prices in London opened higher on Friday, after reports showed that UK hiring activity slowed in August, suggesting that interest rates are working.

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8 Sep 2023 07:46

LONDON BRIEFING: Round Hill Music agrees USD469 million takeover

(Alliance News) - Stocks in London were called to open higher on Friday, despite a mixed close in New York and a poor showing in Asia.

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6 Sep 2023 09:32

LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords

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

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1 Sep 2023 12:15

LONDON MARKET MIDDAY: FTSE 100 climbs amid dovish US central bank bets

(Alliance News) - Stock prices in London were largely higher at midday on Friday, undeterred by further bad news for the UK manufacturing sector, as markets looked to incoming US jobs data with optimism.

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1 Sep 2023 10:48

TOP NEWS: Next grows Reiss stake to 72% through Warburg Pincus deal

(Alliance News) - Next PLC on Friday said it agreed to substantially boost its interest in the Reiss Group, buying an extra 21% stake for GBP128 million.

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1 Sep 2023 09:34

Next spending £128m to raise stake in Reiss to 72%

(Sharecast News) - Next is spending £128m to buy a further 21% stake in premium high street retailer Reiss despite recent reports it was considering selling its investment.

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18 Aug 2023 08:21

British consumers curb their shopping in rainy July

Retail sales -1.2% m/m in July vs Reuters poll -0.5%

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16 Aug 2023 14:19

H&M probes alleged Myanmar factory abuses as pressure intensifies

Cases of worker abuses at garment factories soar -report

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15 Aug 2023 08:52

Britain's M&S raises profit outlook after strong trading

Now expects profit growth in 2023-24 year

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15 Aug 2023 08:16

Britain's M&S raises profit outlook after strong trading

Now expects profit growth in 2023-24 year

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4 Aug 2023 17:09

IN BRIEF: Next finance director sells shares worth GPB380,000

Next PLC - Leicester-based clothing and homewares retailer - Group Finance Director Amanda James sells 5,500 shares at price of GBP69.03 each for a total of GBP379,665 on Friday. Jeff James, a person associated with Amanda James, also sells 5,500 shares at a price of GBP69.03 each for a total of GBP379,665 on Friday.

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4 Aug 2023 09:39

LONDON BROKER RATINGS: Jefferies raises John Wood to 'buy'

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

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3 Aug 2023 12:17

LONDON MARKET MIDDAY: Pound under pressure after BoE hike

(Alliance News) - European equities went into Thursday afternoon on the back foot, extending losses suffered on Wednesday following a US credit rating cut from Fitch, while the pound struggled to make headway after the Bank of England raised rates by 25 basis points, as expected.

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3 Aug 2023 08:33

Next ups annual guidance on positive full-price sales performance

(Alliance News) - Next PLC on Thursday raised its full-year profit guidance by GBP10 million amid a solid full-price sales performance in the first half of its financial year.

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