The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

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: 9,288.00
Bid: 9,286.00
Ask: 9,290.00
Change: -92.00 (-0.98%)
Spread: 4.00 (0.043%)
Open: 9,352.00
High: 9,400.00
Low: 9,274.00
Prev. Close: 9,380.00
NXT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sunday share tips: Ashmore Group, Next

Sun, 27th Mar 2016 21:14

(ShareCast News) - Fund manager Schroders recently scooped up more shares in emerging markets-focused fund manager Ashmore Group following a sharp rally in the share price, but there are reasons to remain sceptical, The Sunday Times's Danny Forston said.By 2013, the fund manager had amassed $75bn in clients' assets which it ploughed into everything from government debt to equities.Yet, as the decade-long China boom went into reverse that pile of assets shrank to just $49.bn at the turn of the past year.Nonetheless, shares in Ashmore have rallied sharply from their trough of 196p hit in January, as commodities bounced back, hurting many a short-seller.Even so, the forces at work are powerful, China is shifting towards a consumer economy, demand for commodities will slow and the US dollar is expected to get stronger.Hence, the recent jump in he outfit's shares is a chance to take profits, so 'sell', Fortson says.Next is at it again, exaggerating the challenges the company faces, the Financial Times's Lex column said.On 23 March the retailer's boss, Lord Wolfson, went as far as repeating the comparison he made in 2011, when he compared the business climate to "running up a down escalator".Indeed, the share price reaction would seem to indicate that markets are taking him at his word.As well, his caution on the outlook was starkly different than the relative benign prognosis he offered up after Christmas.The company is struggling to draw customers to its credit offering and its Next directory arm is maturing and needs investment.However, the company's clear focus on profitability and returns make it unlikely that it too, like Tesco, will be knocked off its perch, Lex said.
More News
26 Jun 2023 09:47

AB Foods raises profit outlook as Primark gets summer boost

Sees 2022-23 profit 'moderately ahead' of previous year

*

Read more
26 Jun 2023 08:55

LONDON BROKER RATINGS: JPMorgan cuts Lloyds Banking to 'underweight'

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

Read more
21 Jun 2023 12:33

Elliott mulls potential bid for Reiss - report

(Sharecast News) - Activist investor Elliott Advisors has emerged as a potential suitor for fashion brand Reiss, it was reported on Wednesday.

Read more
21 Jun 2023 11:41

Next a strong UK fashion market outfit as summer weather boosts sales

(Alliance News) - Next PLC is a "clear winner" in the UK fashion market as warm weather boosts its sales, Liberum said.

Read more
20 Jun 2023 11:28

Move over China, India & Brazil are in: TS Lombard

STOXX Europe 600 down 0.5%

*

Read more
20 Jun 2023 10:38

Citi: "Can the bullish momentum continue?"

STOXX Europe 600 down 0.5%

*

Read more
20 Jun 2023 09:35

LONDON BROKER RATINGS: JPMorgan sees negative catalysts for Ocado

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

Read more
20 Jun 2023 09:10

STOXX on the backfoot

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

STOXX ON THE BACKFOOT (0754 GMT)

Read more
19 Jun 2023 17:09

London stocks lag as miners slip; AstraZeneca weighs

AstraZeneca down on report of China business spin off plan

*

Read more
19 Jun 2023 16:53

LONDON MARKET CLOSE: Stocks under pressure from expected BoE hike

(Alliance News) - Stocks in London ended lower on Monday, weighed down by a disappointing post-Covid recovery in China and the increasing expectation that interest rates in the UK will keep pushing higher.

Read more
19 Jun 2023 14:13

UK's Next raises profit outlook on better weather, consumers' wage hikes

Second quarter sales up 9.3% year-on-year

*

Read more
19 Jun 2023 13:47

TOP NEWS: Next ups full-year guidance as sunnier weather lifts sales

(Alliance News) - Next PLC on Monday lifted yearly guidance after enjoying better-than-expected trading in recent weeks due to warmer weather and more consumer spending power.

Read more
19 Jun 2023 13:01

Next lifts FY sales and profit guidance, shares surge

(Sharecast News) - Next surged on Monday after the retailer upgraded its full-year sales and profit guidance following much better-than-expected trading in the last seven weeks, boosted by warmer weather and the impact of pay rises.

Read more
15 Jun 2023 09:12

LONDON BROKER RATINGS: Goldman Sachs cuts Diageo to 'neutral'

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

Read more
13 Jun 2023 13:02

Next in the process of possibly selling Reiss stake

(Sharecast News) - High street clothing retailer Next is currently engaged in discussions over the potential sale of Reiss, the fashion chain it controls, in a deal that could value Reiss at more than £500m.

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.