Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 9,286.00
Bid: 9,318.00
Ask: 9,322.00
Change: -130.00 (-1.38%)
Spread: 4.00 (0.043%)
Open: 9,494.00
High: 9,522.00
Low: 9,286.00
Prev. Close: 9,416.00
NXT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.
More News
8 Nov 2022 12:18

LONDON MARKET MIDDAY: Tepid trade in Europe as US midterm polls open

(Alliance News) - Blue-chip equities in Europe traded off morning lows heading into Tuesday afternoon, but the mood was still cautious, with traders mindful of the US midterm election.

Read more
7 Nov 2022 09:52

Joules seeks loan and equity raise as finances hit by poor trading

(Alliance News) - Shares in Joules Group PLC dropped by a quarter early Monday, after the British lifestyles retailer warned that trading underperformance has left its finances in a precarious state.

Read more
7 Nov 2022 09:42

LONDON BROKER RATINGS: Goldman cuts Shell; Redburn likes BAE Systems

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

Read more
7 Nov 2022 08:13

Next, Frasers Group among those looking to rescue Made.com

(Sharecast News) - High-street stalwart Next and Mike Ashley's Frasers Group were reported to be among the frontrunners looking to rescue the teetering online furniture retailer Made.com Group over the weekend.

Read more
3 Nov 2022 09:59

LONDON BROKER RATINGS: Peel Hunt reinitiates Tullow Oil with 'buy'

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

Read more
3 Nov 2022 07:59

LONDON BRIEFING: Stocks called down as markets brace for BoE hike

(Alliance News) - Stocks in London are set to open lower on Thursday, as the pressure is on for the Bank of England at midday, after the US Federal Reserve indicated interest rates are likely to have to reach a higher level than previously expected.

Read more
2 Nov 2022 17:42

Cyclicals, BAT drag FTSE 100 lower ahead of Fed decision

FTSE 100 down 0.6%, FTSE 250 adds 0.1%

*

Read more
2 Nov 2022 17:00

LONDON MARKET CLOSE: Stocks largely lower ahead of US Fed rate hike

(Alliance News) - Blue-chip European equities closed in the red on Wednesday, with poor manufacturing data and fading hopes of an end to zero-Covid measures in China doing little to lift the mood ahead of a Federal Reserve interest rate decision.

Read more
2 Nov 2022 12:11

LONDON MARKET MIDDAY: Stocks down but Next and GSK bring some cheer

(Alliance News) - Stock prices in London edged into the red at midday on Wednesday, as the market awaited a key US interest rate decision, but welcomed positive business updates from GSK and Next.

Read more
2 Nov 2022 09:01

LONDON MARKET OPEN: Aston Martin downgrades outlook; warns on costs

(Alliance News) - Trading was timid in London at the market open on Wednesday, after a series of mixed corporate updates, as investors awaited the all-important interest rate decision from the US Federal Reserve, due after the European close.

Read more
2 Nov 2022 08:55

TOP NEWS: Next keeps guidance as quarter sales profit from cold spell

(Alliance News) - Next PLC on Wednesday said full price sales for the quarter increased thanks to cold weather in September, as it maintains its profit guidance for the year.

Read more
2 Nov 2022 08:52

Britain's Next sticks to outlook after quarterly sales rise

Q3 full price sales up 0.4%

*

Read more
2 Nov 2022 07:49

LONDON BRIEFING: Stocks to edge up ahead of Fed; GSK raises guidance

(Alliance News) - Stock prices in London were called slightly higher on Wednesday, as investors awaited the all-important interest rate decision to come from the US Federal Reserve.

Read more
2 Nov 2022 07:38

Next maintains full-year guidance as Q3 sales rise

(Sharecast News) - Retailer Next maintained its full-year guidance on Wednesday as it posted a rise in third-quarter sales.

Read more
1 Nov 2022 12:08

Wednesday preview: US Fed meeting, Next in focus

(Sharecast News) - All eyes on Wednesday would be on the US central bank's policy meeting and on just how hawkish the message that it delivered regarding monetary policy going forwards was.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.