Company
LON:NXT
Next plc is a United Kingdom-based retailer offering products in clothing, footwear, accessories and home products
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The German bank's analysts think Next’s guidance for sales growth of 1.7% and a 1% decline in pre-tax profit for full-year 2019/2020 is “reasonable”
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The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
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A look at the day's major movers, including ReNeuron, 7digital, Glenveagh, Gear4Music, Reach and McColl's
Liberum raised its rating on Next to ‘buy’ from ‘hold’ and left its target price at 6,100p
In 2019, Next expects full price sales growth of 1.7% but estimates profit will fall 1%
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The UK blue-chip benchmark finished around 41 points lower at 6,692
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The clothing retailer is the first of a deluge of updates from the sector expected over the next few weeks, with many forecasting a sharp downturn for the traditionally busy trading period
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There will be some key data from the US and UK at the start of the new year, and Christmas retail trading news will be a dominant focus notably from Next PLC
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The FTSE 100 recovered in afternoon trading and closed up six points at 6,734
On January 10, we’ll find out just how kind or terribly unforgiving the market has been to Marks & Spencer - it will also represent a key make-or-break milestone for its chief executive Steve Rowe
"This year’s Boxing Day bonanza could be no more than a wicked bear trap set to lure investors into more trouble.”
At the 12.30pm close, the UK blue chip index was down 35 points at 6,685, just bouncing off the late session low of 6,661.04, with Friday’s 9 point Santa rally proving a false dawn
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There will be some key data from the US and UK at the start of the new year, and Christmas retail trading news will be a dominant focus notably from Next PLC
In a note to investors, titled a “Messy Xmas”, Jefferies maintained a ‘hold’ rating on Next but cut its target price to 4,600p from 5,600p.
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At the close, the UK blue-chip index was 9.24 points higher at 6,721.17 just below the late session peak of 6,733.00 and well above the early low of 6,653.65
With consumer confidence at its lowest ebb for almost a year, just what is in store for M&S
The AIM 100 retailer took a battering on Monday morning after a downgraded set of forecasts caused its shares to shed over a third of their value
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At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
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Footsie closed down 217 points today to 6,704, with 7,000 now seemingly a distant memory. .
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Ted Baker and DS Smith are likely to be the highlights of Thursday's schedule.
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Ted Baker PLC and Joules PLC will fly the fashion flag, while Berkeley Group PLC will provide the mortar on a fairly quiet corporate diary at the start of December
HSBC raised its recommendation on Next to ‘buy’ from ‘hold’ and lifted its target price to 6,050p from 5,700p.
The FTSE 100 clothing retailer said the profits from any sales of the contested designs would be paid to Scamp & Dude, who in turn would donate the proceeds to charity
First-placed Marks and Spencer will be looking over its shoulder very soon as well
Next said total full price sales rose 2.0% in the quarter ended October 27
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The FTSE 100 closed up around 92 points at 7,182. FTSE 250 also gained..
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Trading updates from Glaxo, Standard Chartered and Next are likely to be the highlights
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Aside from the oil majors, the slew of blue-chip updates due in the coming week will include global banks HSBC and Standard Chartered, and drugs firms GlaxoSmithKlne and Shire
If video killed the radio star, ASOS, with a little help from its online peers, is killing off the high street
RBC prefers Next and WH Smith and has an 'outperform' rating on these stocks
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In the currency markets, sterling is around flat against the Euro and down 0.43% against the US dollar.
Mary Creagh MP has written to the heads of companies with large clothing lines as part of an investigation into how the UK fashion industry can reduce its environmental footprint
Shares sales from major shareholders, especially those at a discount to the market price, are often seen as a sell signal, but the City still reckons there’s some money to be made with ASOS
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Waning footfall and the wholesale closure of stores chart the switch from bricks and mortar to clicks and same-day delivery
The retailer is concerned that its clothes could face lengthy delays at UK and EU borders before being approved to cross the border
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The UK blue-chip index closed nearly four points higher at 7,511
Next remains cautious on its outlook for the rest of the year amid a tough retail market and uncertainty on the UK economic outlook
Brent crude is up over 3% at $81.50 a barrel at the time of writing..
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Aside from Next's latest update, the Day Ahead will also bring trading news from water and power supplier United Utilities and results from fizzy drinks maker AG Barr
The UK blue-chip index lost almost 32 points at 7,458
Jefferies repeated a ‘hold’ rating on Next but cut its target price to 5,600p from 6,100p
A look at some of the top risers and fallers in London on Thursday
The UK benchmark index of leading shares finished down nearly 32 points at 7,281
Performance since the financial crisis demonstrates that in the long term, the stock market is surprisingly reliable, says Hargreaves Lansdown
Accountancy and business advisory firm BDO said its monthly High Street Sales Tracker (HSST) showed like-for-likes fell 2.7% in August from a year earlier
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A look at some of the biggest risers and fallers in the London market on Friday
FTSE 100 finished down around 41 points or 0.56%, at 7,277 as its poor run continues
The UK benchmark of leading shares closed down over 24 points at 7,642.
Here we discuss Next's latest trading, which precipitated an 8% fall in the share price. But was it all a bit of an overreaction?
The company reported a 2.8% year-on-year increase in full price sales for the second quarter
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The Footsie closed Wednesday almost 96 points lower at 7,652.
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The Fed rate decision is expected to come and go with little drama on Wednesday, with the decision from the Bank of England on Thursday more likely to cause upheaval
FTSE 100 closed down 0.46 points, or 0.01% at 7,700 on Monday
When looking for the 'next big thing' it is perhaps natural to look back at past success stories - on AIM, there are few bigger success stories than ASOS
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FTES 100 was up 38 points to 7,611 in early afternoon trading
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Homes - built by Bovis and Persimmon and listed for sale by Purplebricks - will be in focus on Thursday, as will clothes sold by Primark and SuperDry.
The UK blue chip benchmark shed almost 90 points to finish the day at 7,547.
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The week ahead will see quarterly results from Sainsbury's and AB Foods, trading updates from Bovis Homes and Persimmon, and full year earnings from SuperDry
"The scale of the challenges in front of Dixons means there’s more work to be done before profits start moving in the right direction again," said Hargreaves Lansdown
Per Una is one of several brands to be put under review by chief executive Steve Rowe as part of a cost-cutting drive
The retailer smashed expectations with its first-quarter results, but there are still a few reasons why investors shouldn’t be getting too carried away
Next said full price sales rose 6% in the first quarter, driven by its online business
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The blue-chip index closed around 38 points higher at 7,700
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Thursday is set to be a busy one for corporate results with the likes of BT Group, Barratt Developments, Next and Supergroup among the day's highlights.
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Aside from the latest Bank of England interest rate decision, the week ahead includes updates from Wm Morrison Supermarkets, Next, BT Group, ITV, and William Hill ...
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The FTSE 100 continued higher on Wednesday, extending the week's winning streak.
Deutsche Bank's analysts also increased their full year pre-tax profits forecast for the clothing and homewares stores group by 1% to £710mln, above the guidance mid-point of £705mln
Some of the top news-driven risers in London at 3.45pm ...
FTSE 100 closed higher, as did it mid-cap cousin, FTSE 250
The Swiss investment bank said based on the costs of Next's channel shift, both Debenhams and M&S could see profit margins affected
Citi said investors should buy online over bricks and mortar retailers and European over UK stocks
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The pound is up 0.36% against the Euro at the time of writing, while it is up 0.07% against the US dollar
The UK blue-chip index finished over 44 points higher at 7,044, but big miners tempered gains
Rising online competition and weaker consumer confidence have hit bricks and mortar retailers
Next expects another decline in retail sales and profits in 2018
Will EU leaders approve the Brexit transition deal reached between Michel Barnier and David Davis?
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Next's full year earnings will be closely scrutinised by investors on Friday
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FTSE 100 closed down 121 points at 7,042, joining other European benchmarks, which saw red
The AIM-listed firm, which floated in May 2017, reported a 132% leap in revenue to £27.7mln for the full-year 2017, up from £12.0mln a year earlier, with its gross profit margin jumping to 57.7% from 48.6% in 2016
With all the talk of a weakening consumer environment, some might be surprised to see that the UK was Asos’ main growth driver in the last four months of 2017
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A look at some of the top risers and fallers in London today.
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Turns out it was a blue Christmas for the UK retail sector, with sales data showing a worse than expected December period.
The high street stores giant said Humphrey Singer will take up his appointment on a date to be confirmed. He will replace Helen Weir who, as previously announced, is leaving M&S on March 31 to pursue a portfolio career
Debenhams and Mothercare have both complained about a slowing UK consumer environment, but there were no such issues for clothing retailer Joules
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Day ahead includes trading updates from food retailer Wm Morrison Supermarkets PLC, housebuilder Perimmon PLC, and staffing group Robert Walters PLC
London's top tier index closed down nearly 28 points at 7,696
It was another quiet day in London but also another record close
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If you happen to work for a FTSE 100 company, your boss has already earned more in the past two-and-a-half days then the average UK employee will this year
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Unless some market acquaintance has been forgot … there’s little of note in the schedule for Thursday.
An unexpected rise in Next's sales over Christmas boosted shares of other UK retailers due to post similar trading statements over coming weeks
Some of the biggest risers and fallers in the London market on Wednesday
Next said cold weather boosted full price sales over the festive season
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On a separate note, Mifid II comes into force today with the aim of increasing transparency and making everyone in the investment chain more accountable for their decisions
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Next usually tells it like it is when it comes to the trading outlook
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
Deutsche Bank has identified a number of themes for the retail sector: continue to favour online clothing sellers over bricks & mortar operations; beware of "value traps" and turnaround plays
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Week ahead still looking very quiet, but trading update from clothing retailer Next PLC and the December US non-farm payrolls will provide excitement
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The next two weeks will be dominated by the Christmas and New Year holidays, of course, so investors will have to wait a while for the excitement of a trading update from Next PLC and the latest US report until the first week of 2018