MPs urge government to take action against throwaway fast-fashion
15th Sep 2020 09:33
(Sharecast News) - Members or parliament are urging the government to take urgent action against throwaway fast-fashion and support the development of sustainable fabrics and recycling facilities for clothes.
Read moreNext takes majority stake in L Brands's Victoria's Secret unit in UK and Ireland
15th Sep 2020 07:13
(Sharecast News) - Next has acquired a majority stake in the UK and Irish arm of L Brands's Victoria's Secret unit for an undisclosed sum as part of a joint-venture agreement.
Read moreMorgan Stanley downgrades rating on 'very overvalued' Next shares
3rd Sep 2020 12:01
(Sharecast News) - Morgan Stanley downgraded its rating on shares of Next on Thursday to 'underweight' from 'equalweight' arguing that the stock is "very overvalued", currently trading higher than it was a year ago, which it said "makes very little sense" given it's been hit hard by the Covid-19 pandemic.
Read moreFriday broker round-up
31st Jul 2020 14:11
(Sharecast News) - Greencore Group: Berenberg reiterates buy with a target price of 200.0p.
Read moreNext upgrades annual profit forecast as Q2 sales beat expectations
29th Jul 2020 07:33
(Sharecast News) - Retailer Next upgraded its annual profit expectations on Wednesday as it reported a smaller-than-expected decline in full-price second-quarter sales, beating its own expectations and performing ahead of the best-case scenario given in its April trading statement.
Read moreStandard Life Aberdeen sells nearly all of its Boohoo shares
10th Jul 2020 14:50
(Sharecast News) - Asset manager Standard Life Aberdeen confirmed on Friday that it had sold most of its shares in fast-fashion retailer Boohoo, arguing that its response to allegations of poor working conditions at supplier factories was "inadequate".
Read moreFriday broker round-up
3rd Jul 2020 13:15
(Sharecast News) - Next: Goldman Sachs downgrades to sell with a target price of 4,400.0p.
Read moreNext slumps on Goldman Sachs downgrade
3rd Jul 2020 11:47
(Sharecast News) - Goldman Sachs downgraded its stance on shares of Next to 'sell' from 'neutral' and cut the price target to 4,400p from 5,300p as it said the retailer is working hard to offset a structural shift to more intense online competition, but this is likely to result in no revenue growth post Covid-19.
Read moreTuesday broker round-up
9th Jun 2020 13:49
(Sharecast News) - Biffa: Citigroup downgrades to sell with a target price of 210p.
Read moreNext sales plunge 41% as Covid-19 impact worse than feared
29th Apr 2020 07:03
(Sharecast News) - Fashion retailer Next pulled its dividend plan and share buybacks to save almost ?500m as sales plunged faster than expected due to the coronavirus lockdown.
Read moreFriday broker round-up
24th Apr 2020 13:45
(Sharecast News) - Beazley: Jefferies upgrades to buy with a target price of 575p.
Read moreCredit Suisse downgrades Next, upgrades Marks & Spencer
24th Apr 2020 12:10
(Sharecast News) - Credit Suisse downgraded its stance on Next to 'underperform' from 'neutral' on Friday as it upped its rating on Marks & Spencer to 'outperform' from 'underperform'.
Read moreNext suspends website hours after reopening
14th Apr 2020 07:04
(Sharecast News) - Next has suspended sales on its website hours after reopening for limited online sales following improved employee safety measures.
Read moreSunday newspaper round-up: Next, Water giants, NMC Health
5th Apr 2020 20:39
(Sharecast News) - Fashion retailers and their suppliers are braced for a massive shake-out of the industry as an estimated £10bn of clothing piles up in warehouses during the coronavirus lockdown. Retail insiders said major firms including Primark, Peacocks, Arcadia and Next had all stopped taking deliveries to their warehouses because they had no more room. Numerous poorer performing retailers, including Debenhams and vintage-inspired retailer Cath Kidston, are on the verge of collapse. - Guardian
Read moreTuesday broker round-up
31st Mar 2020 13:25
(Sharecast News) - Taylor Wimpey: JP Morgan downgrades to neutral with a target price of 110p.
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