Next upgraded by Credit Suisse, downgraded by HSBC
5th Jan 2017 07:35
(ShareCast News) - HSBC upgraded Next to 'neutral' from 'underperform' but cut the price target to 4,100p from 4,600p after the shares fell more than 17% in two days and following the company's profit warning on Wednesday. However, the bank said it remains extremely cautious about the retailer's lon
Read moreSector movers: Retailers hard hit by woes at Next
4th Jan 2017 15:43
(ShareCast News) - Fashion retailers' shares got whacked after Next posted lower-than-expected sales for the period over Christmas and warned that further weakness may lie ahead. Group sales from the start of November until Christmas Eve shrank 0.4%, as a 3.5% decline in shop sales was largely of
Read moreSwap Next for Primark owner ABF, analysts suggest
4th Jan 2017 11:41
(ShareCast News) - After Next's weak festive trading statement and profit downgrade, analysts at RBC Capital Markets predicted the shares will keep pace with the rest of the clothing retail sector, but said investors should rotate into Primark owner Associated British Foods. RBC said consensus profi
Read moreNext cuts profits guidance for 2017 after Christmas sales fall
4th Jan 2017 07:16
(ShareCast News) - After sales slipped over the key Christmas period, Next has lowered its guidance for the full year and warned sales and profits will fall further in as the cyclical slowdown in spending on clothing and footwear continues in 2017. Group sales from the start of November until Christ
Read moreSector movers: Banks lead gains as Gilt yields resume rise
3rd Jan 2017 15:02
(ShareCast News) - Banks spearheaded gains as government bond yields jumped back following the declines seen at the end of 2016 amid stronger-than-expected readings on economic activity and prices on both sides of the Atlantic. As of 1543 GMT the yield on the benchmark 10-year Gilt was up 11 basis p
Read moreTuesday broker round-up
3rd Jan 2017 10:54
(ShareCast News) - BP: UBS reiterates buy with a target price of 550p. InterContinental Hotels Group: Barclays upgrades to overweight, 4000p target. Debenhams: Deutsche Bank downgrades to sell with a 5200p target. Amerisur: Barclays reiterates equal weight with a 36p target. Next: Deutsche Bank d
Read moreDeutsche Bank downgrades Next, Halfords, Debenhams
3rd Jan 2017 08:42
(ShareCast News) - Deutsche Bank cut its stance on a number of UK retailers as it said demand is likely to soften in 2017. "Retail stocks are typically early-cycle but there are risks a prolonged downturn means many could be value traps, particularly as the sector is typically showing average rather
Read moreThursday newspaper share tips: Next, One Savings Bank
3rd Nov 2016 12:52
(ShareCast News) - Shares in Next have been battered as markets price-in its exposure to the fall in the pound, which will make sourcing from outside the UK dearer, but the share price drop had been overdone, The Times's Tempus said. Then there is the potential impact of higher inflation on consumer
Read moreThursday broker round-up
3rd Nov 2016 11:39
(ShareCast News) - IAG: Deutsche Bank keeps at buy with a target price of 540p. Just Eat: Goldman Sachs stays at buy, 760p target. Next: Credit Suisse downgrades to underperform with a 4600p target. G4S: Deutsche Bank upgrades to hold with a 220 with a 3035p target. Cineworld: HBSC starts coverag
Read moreBroker tips: Shire, Next, Cineworld
3rd Nov 2016 10:37
(ShareCast News) - Credit Suisse downgraded retailer Next to 'underperform' from 'neutral' and slashed the price target to 4,600p from 4,950p. The bank said it was becoming increasingly cautious about Next's ability to stabilise margins in an environment of rising opex and input costs, and with bran
Read moreCredit Suisse cuts Next to 'underperform', slashes price target
3rd Nov 2016 09:34
(ShareCast News) - Credit Suisse downgraded retailer Next to 'underperform' from 'neutral' and slashed the price target to 4,600p from 4,950p. The bank said it was becoming increasingly cautious about Next's ability to stabilise margins in an environment of rising opex and input costs, and with bran
Read moreSector movers: Industrials, Mining jump
2nd Nov 2016 14:26
(ShareCast News) - Smurfit Kappa drove General Industrials to the top of the leaderboard after reporting that revenues jumped 6% over the three months ending on 30 September, at constant currencies, as volumes increased 3%. Business in the Americas was especially strong, with sales in the region ris
Read moreNext cuts sales forecasts and costs to leave profits on track
2nd Nov 2016 07:05
(ShareCast News) - Next trimmed its full year sales guidance after third quarter retail sales fell almost 6%, but thanks to cutting its cloth more severely it said profits would come in as expected. Total full price sales in the three months to 31 October were down 3.5%, with flat online and catalog
Read moreLondon close: Crude prices, policy meetings and Carney weigh on FTSE
31st Oct 2016 15:49
(ShareCast News) - London equities closed down on Monday amid sharply lower crude prices and as the market looks to policy calls from Bank of England and the US Federal Reserve later in the week. BoE issues its policy decision on Thursday, with rates seen unchanged, and its quarterly inflation repor
Read moreFTSE 100 movers: Shire and Next sold off ahead of results
31st Oct 2016 14:23
(ShareCast News) - The FTSE 100 was traipsing lower on Monday afternoon, led down by an assortment of companies across sectors, notably those that are due to report in the coming few days. Shire, which is scheduled to post its third-quarter results on Tuesday, was bottom of the pile as the drug deve
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