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Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

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Share Price: 9,400.00
Bid: 9,396.00
Ask: 9,404.00
Change: 8.00 (0.09%)
Spread: 8.00 (0.085%)
Open: 9,362.00
High: 9,412.00
Low: 9,362.00
Prev. Close: 9,392.00
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Retail sales rebound in February, data shows

Thu, 21st Mar 2013 11:49

Retail sales rose more than expected in February, boosted by strong demand for tablet devices, the Office for National Statistics (ONS) revealed Thursday.Total sales increased by 2.1% last month, compared with -0.7% in January, beating the 0.4% consensus.Core sales, excluding fuel, increased by 1.9% when compared to January, and by 3.3% on the year.Nominal sales were also strong, rising by 1.8% on the previous month, while retail sales inflation remained weak at 0.7% year-on-year.Strong sales at computer equipment retailers and department stores provided the largest contribution to February's rise, along with solid online results, the ONS said.Online spending accounted for 9.7% of all retail spending, excluding fuel, in February. The average weekly spend online rose 10% to £540m compared to a year ago. The weekly spend across all retail sectors amounted to £6.3bn in February compared with £6.1bn a month earlier and for the same period a year ago.Barclays said the figures indicted the retail sector was likely to see growth in the next quarter."This improvement is welcome given the underlying trend in consumer spending has been very weak for a prolonged period, as the hit to consumers from high inflation and a weak labour market has been significant," the bank said. "However, we think that despite the positive news it is too soon to call for a significant change in fortunes here and other data releases we have had this week were not supportive of the consumer sector."Earlier in the week we saw inflation rising further and earnings growth falling unexpectedly, suggesting the squeeze in real household incomes is set to continue and the outlook for retailing remains challenging."The data was released the same day UK retail giants NEXT and Ted Baker reported an increase in annual profits. RD
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8 Feb 2023 11:47

Next promotes executive director to push third-party sales platform

(Alliance News) - Next PLC on Wednesday announced it has promoted Jeremy Stakol to executive director with a remit to boost the retailer's online sales platform.

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8 Feb 2023 10:23

Next appoints Lipsy's Jeremy Stakol as executive director

(Sharecast News) - Next said on Wednesday that it has appointed Jeremy Stakol as non-executive director, putting him in charge of boosting the clothing and homeware retailer's online sales.

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2 Feb 2023 18:28

JD Sports' new CEO Schultz lays out growth plans

New CEO sees capex of 3 bln stg over five years

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1 Feb 2023 09:33

LONDON BROKER RATINGS: Citigroup cuts Persimmon; HSBC raises Asos

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

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17 Jan 2023 09:36

LONDON BROKER RATINGS: Bernstein cuts Unilever to 'underperform'

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

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16 Jan 2023 09:49

Britain's M&S to invest $587 mln in store estate

Has accelerated overhaul of store estate

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12 Jan 2023 09:19

ASOS identifies cost savings after Christmas sales slide

Revenues down 3% in four months to end of Dec.

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11 Jan 2023 09:36

JD Sports sees bills-free young shoppers boosting profits

Total revenue growth of over 20% in 6 weeks to Dec. 31

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10 Jan 2023 16:57

LONDON MARKET CLOSE: Stocks lower after central bank speeches

(Alliance News) - Stock prices in London closed lower on Tuesday, after the Bank of England's chief economist warned that inflation in the UK may prove to be "more persistent."

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10 Jan 2023 12:21

LONDON MARKET MIDDAY: FTSE 100 pares loss before Powell takes stage

(Alliance News) - Stock prices in London fell short of producing a mid-morning turnaround but did go into Tuesday afternoon off session lows, though US interest rate worries still cast a dark cloud.

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10 Jan 2023 10:11

LONDON BROKER RATINGS: Jefferies likes Inchcape; HSBC cuts Clarkson

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

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10 Jan 2023 08:45

LONDON MARKET OPEN: Stocks struggle ahead of Powell's Stockholm speech

(Alliance News) - Hawkish words from Federal Reserve policymakers supported the dollar and hurt equities prices on Tuesday, as stock-market traders weigh up the prospect of US interest rates being higher for longer.

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9 Jan 2023 09:49

LONDON BROKER RATINGS: Peel Hunt raises real estate; UBS cuts Ashmore

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

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6 Jan 2023 09:22

LONDON BROKER RATINGS: Credit Suisse cuts Next to 'underperform'

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

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6 Jan 2023 09:14

Credit Suisse downgrades Next to 'underperform'

(Sharecast News) - Credit Suisse downgraded Next on Friday to 'underperform' from 'neutral' as it said the shares were likely to underperform stocks that look cheap versus history.

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