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FTSE 100 closes in the red as resource stocks come off the boil
After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
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 15 of 29
Next, M&S, Kingfisher, WH Smith and Dunelm shares to benefit from improved retail outlook, says RBC
RBC’s preferred stocks are Next and Primark owner Associated British Foods
Next set for first-quarter sales surge thanks to milder weather, says Jefferies
With much wilder weather in the opening three months of 2019 compared with the same period last year, Jefferies is looking for Next to deliver first-quarter sales growth of 3.7% in next month’s update
Next shrugs off Brexit fears but outlook for troubled retail market remains uncertain
“The difference between the fortunes of stores and online is becoming increasingly marked,” said Richard Hunter, head of markets at Interactive Investors
Next confirms 2019 profit decline as it tackles challenging retail market
"No one knows what the High Street will look like in ten years, but one thing is certain: The people walking down it will be wearing clothes,” chief executive Lord Wolfson said
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FTSE 100 closes higher at traders focus on Federal Reserve's dovish tone
The FTSE 250 though, seen as a better indicator of the state of UK companies, closed down around 41 points at 19,347.
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Clothes retailers Next and Ted Baker in the spotlight on Thursday
Not much excitement is expected from the Bank of England, so investor attention will instead be on two of the UK’s troubled clothes retailers: Ted Baker and Next
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Whatever the UK government no-confidence vote outcome, investors will have plenty to chew over on Thursday
The Day Ahead will bring updates from the likes of Primark-owner Associated British Foods, a caffeine-free Whitbread, credit checker Experian, and software firm Sage
How JD Sports bucked the high street doom and gloom once again
Analysts reckon it’s a combination of factors, although most of thing come back to the same thing: JD sells things that today’s youth want to buy
Next weak as Credit Suisse cuts stance to ‘underperform’ from ‘neutral’ following recent trading update
Credit Suisse’s analysts noted that Next is expecting a gradual decline in margins which is likely to accelerate in future years as currency factors turn negative
Investments and investor services
FTSE 100 closes lower as Chinese data and Brexit weighs
Footsie closed down over 63 points at 6,855 on the day
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Brexit, UK inflation the main focus but retail and housebuilder updates continue to flow
Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
Tesco, Next and Ted Baker among the festive winners as high street survives Christmas - but only just
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
Next gains as HSBC repeats ‘buy’, says market undervalues retailer’s “relative strategic advantages”
HSBC's analysts pointed out that the market is applying little or no value to Next’s Retail operations, albeit which is consistent with management’s long-range Store Stress Test
Morrisons to slash prices as German discounter Aldi reports record Christmas
Aldi sold almost £1bn worth of food and drink in the run-up to the holiday season, and Morrisons has responded by slashing the prices of more than 900 products
Slug and Lettuce owner Stonegate Pub Company posts strong sales growth over key Christmas period
The private equity-owned firm, which has a portfolio of more than 700 pubs, bars and late night venues, saw its sales rise 12% higher year-on-year in the two weeks to 1 January 2019
Next higher as Berenberg ups its rating to 'hold' from 'sell' following the retailer’s reassuring Christmas trading update
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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Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
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
Investments and investor services
Aminex bounces higher as shareholders approve farm-out
A look at the day's major movers, including ReNeuron, 7digital, Glenveagh, Gear4Music, Reach and McColl's
Next upgraded to 'buy' by Liberum after 'excellent performance' over Christmas
Liberum raised its rating on Next to ‘buy’ from ‘hold’ and left its target price at 6,100p