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Christmas done, New Year to come; then the retailers can disclose all, starting with Next
The focus will be back on the gifts that keep giving – the state of the UK high street, and the health of the US economy
Company
Next PLC
LON:NXT
Next plc is a United Kingdom-based retailer offering products in clothing, footwear, accessories and home products
571 stories · page 14 of 29
Retail “offers big money making opportunities” says RBC, but not Next
RBC published a 97-page “industry primer” covering the €1trn European general retail sector
Next’s valuation “now up with events” says Liberum as it downgrades following share price surge
The broker lowered its rating for the retailer to 'hold' from 'buy' on valuation grounds following a 64% jump in the shares since January
Next shabbier despite solid update, warm weather dents September sales
In an update for its third quarter, the clothing retailer reported that total full-price sales had risen 1.6% in the period as 9.7% growth in its online division offset a 6.3% slump for its high street stores
Next shares strut lower as it maintains full-year guidance
Next usually underpromises and over-delivers so investors were left disappointed by the absence of an upgrade to its forecasts
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Bank of England likely to sit tight, Next weathering the storm
Next recently upgraded its full-year forecasts after a 3.8% rise in first-half sales
Next, JD Sports and ASOS will gain from next retail shift
Credit Suisse says: “when demand is increasingly driven by online/social media engagement, rather than footfall, we see consumers increasingly favouring smaller brands and multi-brand distribution”
Investments and investor services
FTSE 100 closes in the red as traders await first US rate cut since recession
Investors are expecting a cut of 0.25% in the benchmark short-term rate
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Lloyds to post weaker profits as PPI claims deadline looms
The day ahead includes interims from Lloyds and Taylor Wimpey along with the Federal Reserve's latest policy decision
Investments and investor services
FTSE 100 romps to higher close as Just Eat delivers 22% share gain
Just Eat is poised to combine with Dutch rival Takeaway.com to form one of the world's largest food delivery firms
Investments and investor services
FTSE 100 closes a shade lower as markets uninspired; US celebrates Independence Day holiday
The Footsie finished down nearly six points at 7,603
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Will poor weather have knocked sales at AB Foods clothing stores flagship Primark?
Aside from the AB Foods update, investors will also be eyeing updates from builders Persimmon and MJ Gleeson, while US markets will be shut for Independence Day
Investments and investor services
FTSE 100 closes firmly higher as Wall Street shares head north; sterling slides
The UK benchmark index closed over 56 points higher, at 7,353, aided by the fall in the pound
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Burberry and Thomas Cook in the spotlight; ex-divs to take 26 points off the FTSE 100
Numbers from Countryside Properties, National Grid, and Wincanton will also be among Thursday's highlights.
If you can’t beat them, join them: Next partners with Amazon
Amazon has been a thorn in the side of bricks-and-mortar retailers for years, but the ecommerce giant’s customers will now be able to go into Next stores to pick up their parcels
Purplebricks isn’t the first UK company to fail to crack overseas markets, and it won’t be the last
Overseas markets, particularly the US, have proved tough for UK companies to crack, just ask Tesco, Next, Sainsbury’s and many others…
Easter Bunny delivers for Next, but retailer stops short of lifting guidance
Total sales grew by a better-than-expected 4.5% in the opening three months of 2019, and Next put the outperformance down to the warm weather over the Easter holiday period
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FTSE 100 closes firmly lower as investors shun risk and amid Brexit deal chatter
The UK's premier share index finished down nearly 33 points at 7,385
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Will Next spring a surprise in Wednesday’s first-quarter trading update?
There’s a lot for investors to get their teeth into on Wednesday, with Sainsbury’s, GSK and Persimmon among the slew of companies reporting alongside Next
FTSE 100 closes higher after US inflation data
It comes after latest data showed that core inflation in the US was flat last month (March) while consumer spending rose