FTSE 100 closes firmer, small-caps mark fresh record high, but retailers drop
FTSE 100 stocks closed firmer on Wednesday but a grim outlook for 2017 from Next plc left retailer shares in the bargain bucket
Company
LON:NXT
Next plc is a United Kingdom-based retailer offering products in clothing, footwear, accessories and home products
571 stories · page 25 of 29
FTSE 100 stocks closed firmer on Wednesday but a grim outlook for 2017 from Next plc left retailer shares in the bargain bucket
With the crucial festive period finally over, it is time for retailers to count the coppers with the post-Christmas trading update season kicking off in earnest tomorrow.
Looking in to 2017, the HSBC analysts said that sterling’s post-Brexit vote weakness and the resulting cost push to inflation will not be easily passed on to the consumer.
FTSE 100 and small-cap stocks ended at fresh record highs on Tuesday, the first session of 2017, after being buoyed by higher Wall Street on bullish US factory data, 18-month high oil prices and even bumper Chinese data
Investments and investor services
Happy New Year, Proactive people! That's 2016 done with; Next!
It was a fantastic year for the miners, less so for the airlines and the retailers.
FTSE 100 stocks closed flat on Monday despite an early sprint by mining and energy stocks. Meanwhile, fund manager Henderson Group had sobering news for investors seeking dividend income
Investments and investor services
FTSE 100 stocks ended higher on Thursday thanks to miners and the construction sector, while the laggards included venerable British names Royal Mail and Rolls Royce
Archive
A round-up of some of today's broker commentary
UBS rates Next as a ‘buy’ and its £58.50 target suggests some 15% upside to the UK retailer's current share price.
Credit Suisse doubts Next's ability to pass on rising costs and questions the wisdom of continuing to add space
Shares in Victoria Oil & Gas were up after it spudded two development wells at its Logbaba gas field in Cameroon
London's FTSE 100 closed sharply lower on Wednesday as Standard Chartered topped the losers' list for a second successive session, while markets grew jittery about a possible Donald Trump electoral victory
Results previews for online food ordering enabler Just Eat and house builder Persimmon
FTSE 100 shares ended lower on Monday, despite a valiant surge from advertising behemoth WPP
BP & Shell are both issuing interims on Tuesday - about as likely as Taylor Swift and Katy Perry performing a duet together
Builders and building materials
FTSE 100 stocks closed higher on Wednesday after fashion house Burberry bounced back
FTSE 100 shares narrowly missed out on a record closing high on Tuesday after slipping back from record levels thanks to renewed Brexit fears which sent the pound below $1.23, as well as growing expectations of a US rate hike this year. Ear