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Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

London Stock Exchange
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Share Price: 9,334.00
Bid: 9,330.00
Ask: 9,336.00
Change: 38.00 (0.41%)
Spread: 6.00 (0.064%)
Open: 9,324.00
High: 9,340.00
Low: 9,250.00
Prev. Close: 9,296.00
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Next interim profit jumps on better-than-expected full price sales

Thu, 10th Sep 2015 07:28

(ShareCast News) - Clothing retailer Next reported a 7.1% jump in first-half pre-tax profit, with revenue up as the company sold more items at full price than it had expected.Profit came in at £347.1m from £324.2m in the first half of last year, while total sales were up 2.7% at £1.91bn.Next's retail sales were up just 0.2% to £1.08bn, but revenues from Next Directory rose 8.2% to £767m and Next Brand sales increased by 3.3% to £1.85bn.The retailer raised its interim dividend from 50p a share in the first half of last year to 53p a share and maintained its sales guidance for the full year, with Next Brand full prices sales expected to be up between 3.5% and 6%. It said this implies sales growth of 3.5% to 7.5% in the second half.As far as the new National Living Wage is concerned, the company said that as it affects all employers equally, both within and outside the retail sector, it's unlikely to affect the competitiveness of any individual business. Additional wage costs are likely to be similar for most clothing retailers, so any resulting price rises should be comparable across the industry, it said.Richard Hunter, head of equities at Hargreaves Lansdown, said: "As evidenced by today's weak market open, in an uncertain environment there are few pockets of dependability, but Next remains one such example."He added: "The company is not resting on its laurels and the improving economic environment in the UK should underpin further progress."At 0823 BST, Next shares were up 2.2% at 7,845p.
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Director dealings: Next director makes share sale

(Sharecast News) - Next revealed on Wednesday that merchandise and operations director Richard Papp had disposed of 5,300 ordinary shares in the FTSE 100-listed clothing retailer.

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

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LONDON BROKER RATINGS: SocGen cuts Next; Jefferies cuts CMC markets

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

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29 Mar 2023 17:16

Banks boost European stocks, UBS climbs after naming Ermotti CEO

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29 Mar 2023 17:11

LONDON MARKET CLOSE: Stocks up as confidence in banking sector builds

(Alliance News) - London's FTSE 100 extended its win streak to three days on Wednesday, with markets poised to wrap-up a fraught month for equities in bullish fashion, as banking sector fears fade.

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29 Mar 2023 12:08

LONDON MARKET MIDDAY: Banking optimism, Chinese tech gains lift shares

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29 Mar 2023 09:26

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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29 Mar 2023 09:04

LONDON MARKET OPEN: Trading timid; Next falls as profit to decline

(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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29 Mar 2023 07:57

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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29 Mar 2023 07:52

LONDON BRIEFING: Next guides for lower profit and full price sales

(Alliance News) - Equity trading is set to remain cautious in London on Wednesday, as investor sentiment continues to steady after the recent turbulence in the banking sector.

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28 Mar 2023 16:47

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.

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28 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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(Sharecast News) - Investors' focus in the middle of the week would swivel back to the UK.

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LONDON BRIEFING: Diageo CEO to retire; UK shop inflation hits record

(Alliance News) - Stocks in London were set for a higher open on Tuesday, with investors feeling cautiously optimistic as the dust settles from the recent turmoil in the banking sector.

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