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Share Price Information for Next (NXT)

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Share Price: 9,322.00
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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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LONDON MARKET OPEN: Stocks higher with eyes on US payrolls data

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5 Jan 2023 17:12

Banks push FTSE 100 to nine-month highs; recession worries loom

FTSE 100 up 0.6%, FTSE 250 adds 0.4%

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European shares dip as media stocks slide, Fed worries resurface

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LONDON MARKET CLOSE: Stocks make headway thanks to retailers

(Alliance News) - Stock prices in London closed higher, buoyed by optimism from strong retail updates, and shaking off hawkishness from the US Federal Reserve.

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Fed rebuttal of rate cut bets keeps Europe's stocks subdued

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5 Jan 2023 12:55

British shoppers defy cost-of-living crisis at Christmas

Early signs UK retailers' Christmas exceeded expectations

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5 Jan 2023 12:08

LONDON MARKET MIDDAY: FTSE 100 continues to ride high on retail stocks

(Alliance News) - Stock prices in London were largely higher at midday on Thursday, as strong Christmas trading from clothing retailer Next helped to boost the FTSE 100.

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5 Jan 2023 11:44

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Retailers lead early charge higher

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5 Jan 2023 11:20

Commodities: a strong 2023 is possible, but ...

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Big love for Big Tech even in Big, Bad 2022

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LONDON MARKET OPEN: FTSE 100 up on strong showing from retailers

(Alliance News) - Stock prices in London opened higher on Thursday, boosted by strong trading reports from UK retailers, lifting the mood after somewhat hawkish meeting minutes from the US Federal Reserve.

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5 Jan 2023 08:14

TOP NEWS: Next ups outlook after stronger than expected Christmas

(Alliance News) - Next PLC on Thursday lifted its profit outlook and said its Christmas sales topped expectations, though it predicts the going to be tougher in its upcoming financial year.

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5 Jan 2023 07:57

LONDON BRIEFING: Next, Greggs and B&M saw festive cheer

(Alliance News) - Stocks in London are set to open lower on Thursday in the wake of Federal Open Market Committee meeting minutes released on Wednesday.

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