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Share Price Information for Next (NXT)

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Share Price: 9,322.00
Bid: 9,332.00
Ask: 9,336.00
Change: -16.00 (-0.17%)
Spread: 4.00 (0.043%)
Open: 9,402.00
High: 9,464.00
Low: 9,320.00
Prev. Close: 9,338.00
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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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5 Jan 2023 07:33

Next lifts FY profit guidance after better-than-expected Christmas sales

(Sharecast News) - Retailer Next lifted its full-year profit guidance on Thursday as it reported better-than-expected sales over the Christmas period, but struck a cautious note on the outlook for the year ahead.

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4 Jan 2023 08:54

LONDON MARKET OPEN: Strong open despite strikes, inflation woe in UK

(Alliance News) - Stock prices in London opened higher on Wednesday, despite continued strikes weighing on the outlook for the UK economy, and the British Retail Consortium warning of a difficult year ahead for consumers.

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3 Jan 2023 09:24

LONDON BROKER RATINGS: Citigroup cuts Wizz Air; Redburn likes CRH

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning, Monday and late Friday:

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30 Dec 2022 09:07

LONDON MARKET OPEN: FTSE 100 opens lower but outperforms peers in 2022

(Alliance News) - Stock prices in London opened the last trading day of the year lower on Friday, but the FTSE 100 index has fared better than other blue-chip indices in Europe in 2022 as a whole.

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29 Dec 2022 13:40

UK earnings, trading statements calendar - next 7 days

Friday 30 December 
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Thursday 05 January 
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29 Dec 2022 09:09

LONDON BROKER RATINGS: Jefferies raises Next price target

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

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29 Dec 2022 07:31

LONDON BRIEFING: Growing concern about China as Covid cases surge

(Alliance News) - Stocks in London are set to open lower on Thursday amid worries about rising Covid cases in the world's second-largest economy.

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28 Dec 2022 16:57

LONDON MARKET CLOSE: Catch-up playing FTSE up amid jitters elsewhere

(Alliance News) - London's FTSE 100 outperformed global peers on Wednesday as equity market trading resumed after the Christmas break.

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23 Dec 2022 09:59

LONDON BROKER RATINGS: Stifel raises Next to buy, cuts boohoo to hold

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

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23 Dec 2022 09:00

LONDON MARKET OPEN: Trading subdued on quiet Friday before holidays

(Alliance News) - Stock prices in London opened slightly higher Friday on a half-day ahead of the four-day Christmas break.

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21 Dec 2022 16:52

LONDON MARKET CLOSE: Stocks higher as UK retail gets boost from Nike

(Alliance News) - Stock prices in London closed in the green on Wednesday, with the FTSE 100 lifted by retail stocks getting a boost from strong quarterly figures from US sportswear brand Nike in a positive read-across.

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21 Dec 2022 11:11

German gas subsidy clouds euro area inflation forecasts

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19 Dec 2022 17:05

LONDON MARKET CLOSE: Stocks higher despite downbeat UK data

(Alliance News) - Stock prices in London closed in the green on Monday, showing some positivity at the beginning of a festive week despite some gloomy data out of the UK.

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19 Dec 2022 09:40

LONDON BROKER RATINGS: JPMorgan cuts Marks & Spencer to 'underweight'

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

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19 Dec 2022 08:55

LONDON MARKET OPEN: Stocks higher as China begins shaky reopening

(Alliance News) - Stock prices in London opened higher on Monday, but the FTSE 100 was lagging behind European counterparts, despite gains for oil and mining stocks.

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