Next walloped by Credit Suisse downgrade
“With earnings, margins and cash conversion continuing to fall we regard Next as a value trap.”
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 23 of 29
Petro Matad rallies on Mongolian licence extension
Risers and fallers: DFS, Next, ANGLE boosted by Barts research, Starcom wins container order, Sprue Aegis delivers bullish AGM
FTSE 100 closes 55 down and UK mid-caps plunge; BoE raises prospect of rate rise
FTSE 100 closed down 55 at 7,419 as retail shares took a beating
RBS, Lloyds and Barclays slump after general election leads to hung parliament
Banks, retailers, media and housebuilders are the biggest fallers on the FTSE 100 on the shock news of a hung parliament
Fashionable upgrades lift shares in both Next and Primark-owner AB Foods
Investec Securities upped its stance for Next to ‘buy’ from ‘hold’, while raising its target price to 4,750p from 3,900p.
Fruitflow dietary supplement group Provexis gets a boost
A look at some of the biggest London-listed risers and fallers today
Footsie up ahead of close; unrest at ITV hits shares
The bulls could not quite push the top-share index above 7,400. Tomorrow they'll have a harder job with ex-div stocks lopping about 14 points off the Footsie
FTSE 100 firm but off highs despite new intra-day records for US indices
The UK blue chip index finished 41 points higher at 7,342, retreating from the session peak of 7,359 but still well above the day’s low of 7,300
Out of fashion: Next was once both a City and high street darling, but not anymore
Jordan Hiscott, chief trader at Ayondo Markets pointed out: “The dominance of Next was once undisputed. Back in 2010, the firm regularly outperformed its industry peers, thanks to its strong presence on high streets and in out of town store
Next shares drop as retailer cuts upper end of full-year guidance as first-quarter sales fall
In a trading update for the thirteen weeks to Saturday 29 April, Next said its full price sales were down -3.0%, while total sales, including markdown sales, were down -2.5%
FTSE 100 closes higher as UK services data provides cheer
The FTSE 100 ended up 13.57 at 7,248 as investors weigh economic data and corporate earnings
Archive
Cash flow in focus as Royal Dutch Shell releases results on Thursday
Royal Dutch Shell and supermarket retailer Morison set to be among Thursday's highlights.
Archive
Next was a small-cap once
Who will be the next Next? Here our small-cap guru Zak looks at a couple of candidates
Where to invest as inflation begins to grip UK-focused stocks
Stocks with pricing power, such as pharmaceuticals and utilities, are most likely to weather the impact of rising inflation.
Next sees recent post-results rally curtailed by downgrade in rating from Exane
In a note on the UK general retail sector, Exane cut its stance on the FTSE 100-listed firm back to ‘underperform’ from ‘neutral’ and reduced its target price by 5% to 3,700p after the recent “bounce”
Next shares reverse gains as Deutsche Bank cites risks of Brexit-fuelled inflation
Next is facing a number of risks including weaker UK consumer demand, market share losses and a rapid decline in its credit customers, Deutsche Bank said
Next's chief reveals what went wrong for the retailer after annual profit falls
Next's chief executive Simon Wolfson said the fashion retailer has taken steps to address the impact of rising inflation on consumer spending
Next generating strong cash flows despite profit warning, analysts say
Next may have reported its first decline in annual profit since the financial crisis but it impressed analysts with strong cash flows and its investment in the brand
Next shares jump as investors shrug off annual profit decline and note robust cash flows
Next's shares have surged today even as the retailer reported a drop in full year profits and revenue, reflecting weak sales in its retail business
FTSE 100 closes higher with retailer Next top riser
FTSE 100 was three points higher at 7,238, Next rises strongly.