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: 9,008.00
Bid: 8,966.00
Ask: 8,970.00
Change: -24.00 (-0.27%)
Spread: 4.00 (0.045%)
Open: 9,018.00
High: 9,044.00
Low: 8,898.00
Prev. Close: 9,032.00
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
25 Apr 2023 14:54

Next brings forward planned Total Platform launch as lead times reduce

(Alliance News) - Next PLC on Tuesday said it plans to launch Total Platform earlier than previously thought, as it reported progress in reducing lead times for delivery.

Read more
20 Apr 2023 12:19

FCA opens investigation into EY's audit of troubled Made.com accounts

(Alliance News) - The Financial Reporting Council on Thursday said it has begun an investigation into Ernst & Young LLP's audit of Made.com Group PLC's results for 2021.

Read more
17 Apr 2023 07:05

Investors to urge UK firms to protect low-paid workers

Low paid disproportionately hit by high inflation

*

Read more
14 Apr 2023 23:00

Investors to urge UK firms to protect low-paid workers

Low paid disproportionately hit by high inflation

*

Read more
5 Apr 2023 15:24

Director dealings: Next director makes share sale

(Sharecast News) - Next revealed on Wednesday that merchandise and operations director Richard Papp had disposed of 5,300 ordinary shares in the FTSE 100-listed clothing retailer.

Read more
3 Apr 2023 09:43

LONDON BROKER RATINGS: HSBC cuts NCC; Exane BNP cuts Man Group

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

Read more
31 Mar 2023 10:01

LONDON BROKER RATINGS: UBS likes Beazley; Berenberg cuts Wood Group

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

Read more
30 Mar 2023 09:54

LONDON BROKER RATINGS: SocGen cuts Next; Jefferies cuts CMC markets

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

Read more
29 Mar 2023 17:16

Banks boost European stocks, UBS climbs after naming Ermotti CEO

Technology stocks rally 2.7%, boosted by chipmakers

*

Read more
29 Mar 2023 17:11

LONDON MARKET CLOSE: Stocks up as confidence in banking sector builds

(Alliance News) - London's FTSE 100 extended its win streak to three days on Wednesday, with markets poised to wrap-up a fraught month for equities in bullish fashion, as banking sector fears fade.

Read more
29 Mar 2023 12:08

LONDON MARKET MIDDAY: Banking optimism, Chinese tech gains lift shares

(Alliance News) - Large-cap equities in Europe went into Wednesday afternoon on the front foot, with the market mood lifted by a rally in Chinese technology shares and continued optimism that a full-blown banking crisis will be averted.

Read more
29 Mar 2023 09:26

TOP NEWS: Next shares down as warns of profit and sales decline

(Alliance News) - Next PLC on Wednesday hailed a "good year" in 2022 despite various challenges, but expects a "difficult" year ahead as selling price inflation will be "more benign" than anticipated.

Read more
29 Mar 2023 09:04

LONDON MARKET OPEN: Trading timid; Next falls as profit to decline

(Alliance News) - Stock prices in London opened higher on Wednesday, though trading remaining cautious following the recent turbulence in the banking sector.

Read more
29 Mar 2023 07:57

Next posts better-than-expected FY profits

(Sharecast News) - Next posted a better-than-expected jump in full-year profit on Wednesday as it said selling price inflation was set to be more benign than previously thought, but warned the year ahead will be "difficult" and that it continues to expect a decline in profit.

Read more
29 Mar 2023 07:52

LONDON BRIEFING: Next guides for lower profit and full price sales

(Alliance News) - Equity trading is set to remain cautious in London on Wednesday, as investor sentiment continues to steady after the recent turbulence in the banking sector.

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.