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Next to report first annual profit decline in eight years as Brexit hurts retailers
Next plc is facing the industry-wide pressure of rising inflation but its issues are also company-specific
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 24 of 29
Investments and investor services
FTSE 100 ends little changed as UK lines up on Brexit grid
The druggies and miners were on offer early on – although the movements were barely perceptible on a lacklustre Monday morning.
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Next firmly on the back foot as shoppers batten down hatches
Week ahead: Next, Kingfisher, Smiths Group ,Satellite Solutions ...
FTSE shares end lower as sterling marks 8-week low vs dollar on Brexit jitters
FTSE 100 shares closed lower on Tuesday after investors turned edgy over Brexit plans which hit banking and retail shares as well as took sterling to an 8-week low against the US dollar
Broker Redburn lights touch paper under Next shares with upgrade to 'buy' from 'sell'
In a note to clients, entitled ‘Crisis? What Crisis?’, Redburn analysts Geoff Lowery and Emily Want concluded that “the Next Brand is mature rather than malnourished.”
FTSE stocks mark record highs with Wall St as Trump boosts construction, commodity stocks
FTSE 100 stocks, just like Wall Street, defied soothsayers’ prognoses that investors didn’t much like a threadbare speech to Congress from US President Donald Trump overnight, and pledged their vote to his spending ambitions as record heigh
Clothing retailer Next names ex-Bunzl boss, Michael Roney as new chairman from August
Roney will take over from current incumbent John Barton, who will retire on August 1 having been the retailer’s non-executive chairman since 2006.
Associated British Foods “sweeter than it seems”, says Deutsche Bank
Following AB Foods’ trading update yesterday, the German banking giant reiterated its buy recommendation and 3,200p target price
Snow worries? How the High Street has fared over the Christmas trading period
With an avalanche of updates to trudge through – not least a blizzard of them today – the actual outcome has not sent as many shivers through the City as expected.
FTSE 100 shares hit 11th successive record high as sterling dips
FTSE 100 shares did it again on Thursday – the 11th successive record high close – as turbulence in sterling finally gave in to a further steady decline and helped push stocks higher. All except retailers, that is
Day ahead: Christmas retail merry-go-round continues with M&S, Primark-owner AB Foods, and Tesco
After Next kicked off the sector Christmas updates with a profit warning last week, shareholders should be more nervous on what M&S and Primark will deliver.
FTSE 100 hits fresh record high as sterling sags
FTSE 100 stocks closed at a record high on Monday, extending from its feat last week, as it marked the eighth successive record peak, largely thanks to a weakening pound
Week ahead: Blizzard of trading updates to show the icy front on UK high streets
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
FTSE 100 in positive territory, Panmure spike a mystery
Footsie was expected to hit another high today, but it has not happened yet
FTSE 100 stocks hit fresh record before slipping as US stocks turn soft
The FTSE 100 index reached a new peak of 7,211.96 today, exceeding the level it hit on Tuesday, the first session of 2017, and was up 19 points at 7,209 at 3.30pm.
Woolly jumper needed: Cold wind blows through clothing sector after Next warns on profits
Next's latest gloomy trading update wiped more than 10% off a share price that had already slumped by a third in 2016.
Broker comment weighs on specialty chemicals company Elementis
Elementis shares fell nearly 4% after German bank Berenberg cut its rating to ‘hold’ from ‘buy’, with the downgrade largely made on a valuation basis.
Next slumps as it cuts its profit guidance and warns on outlook as key Christmas sales fall
Next said its central guidance for pretax profit for the full-year to end-January 2017 is now £792mln, down from the £805mln indicated previously.