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Pin to quick picksNext Share News (NXT)

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Share Price: 9,334.00
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Ask: 9,336.00
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UK retail sector bounces back, shows BRC-KPMG data

Tue, 13th Oct 2015 08:26

(ShareCast News) - Retail sales in the UK in September grew 2.6% compared to the same month last year on a like-for-like basis, as strong non-food performance was boosted by strong a weak comparative period for clothing last year and a later bank holiday this time.In total, retail sales rose 3.9%, the fastest growth since January 2014, or 5.8% adjusted for deflation.Looking at the broader three-month sales figure from July to September, total retail sales grew by 2.2% with a continued large disparity between non-food and food categories.Non-food surged 3.7%, ahead of the category's 12-month average of 3.3%, while food crawled only 0.2% higher, which was in line with the 12-month average.On a LFL basis over the three-month period total sales were 1.1% higher, with non-food up 3.1% and food down 1.4%.?Non-food was driven by strong growth in furniture, clothing and footwear, which was put down to the shift to more autumnal weather at the start of the month - in contrast to the mild conditions in September last year that hit fasion sales."Despite the start of the Rugby World Cup encouraging people to get the beers and burgers in, food and drink sales showed no signs of accelerating in the three months July to September," said David McCorquodale, head of retail at KPMG."Grocers will be hoping that consumers will continue to revel in the atmosphere in spite of England's early exit from the tournament."Moving into the final quarter of 2015, retailers will be keeping a watchful eye on Christmas with the launch of festive campaigns starting to wet consumers' appetites and Black Friday expected to be big again."Online sales of non-food products also picked up after a lacklustre August, growing by 14.2% in September versus last year.Broker Shore Capital's analysis of the numbers implied positive read-across for the likes of Carpetright, Marks & Spencer and Next.Analyst Clive Black said he hoped to see "more experience, maturity and rationality this year" from the UK's approach to the Black Friday phenomenon.
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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.

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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:

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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:

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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:

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29 Mar 2023 17:16

Banks boost European stocks, UBS climbs after naming Ermotti CEO

Technology stocks rally 2.7%, boosted by chipmakers

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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.

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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.

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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.

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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.

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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.

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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.

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28 Mar 2023 16:47

Next snaps up Cath Kidston vintage clothing brand for GBP8.5 million

(Alliance News) - Next PLC on Tuesday said it has bought the Cath Kidston vintage clothing brand in a GBP8.5 million deal.

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28 Mar 2023 16:44

Next buys Cath Kidston for £8.5m

(Sharecast News) - Retailer Next confirmed on Tuesday that it has agreed to buy the brand name, domain names and intellectual property of Cath Kidston from the administrators for £8.5m.

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28 Mar 2023 14:15

Wednesday preview: UK money supply growth, Next in focus

(Sharecast News) - Investors' focus in the middle of the week would swivel back to the UK.

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28 Mar 2023 07:56

LONDON BRIEFING: Diageo CEO to retire; UK shop inflation hits record

(Alliance News) - Stocks in London were set for a higher open on Tuesday, with investors feeling cautiously optimistic as the dust settles from the recent turmoil in the banking sector.

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