London close: Stocks finish higher as BoE holds rates
19th Sep 2024 16:03
(Sharecast News) - London stocks closed higher on Thursday, buoyed by the Bank of England's widely-expected decision to leave interest rates unchanged.
Read moreNext lifts profit guidance again as sales soar
19th Sep 2024 07:04
(Sharecast News) - UK clothing retailer Next once again upgraded annual earnings guidance, with full year profits now expected to hit almost £1bn as recent full price sales "materially exceeded" forecasts.
Read moreNext shop workers win landmark equal pay case
27th Aug 2024 14:02
(Sharecast News) - Shop workers at high-street retailer Next won a landmark legal victory on Tuesday, after a six-year battle for equal pay, potentially leading to over £30m in compensation.
Read moreLondon close: Stocks slide as Bank of England trims rates
1st Aug 2024 16:09
(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, as investors digested the Bank of England's decision to cut interest rates for the first time in four years.
Read moreNext raises profit guidance after strong first half
1st Aug 2024 07:18
(Sharecast News) - Next raised its profit guidance for the full year by £20m to £980m on Thursday, representing a 6.7% increase compared to last year, following a robust sales performance in the first half.
Read moreRBC names M&S and Currys as top UK retail picks
29th Jul 2024 08:53
(Sharecast News) - Wage inflation and easier comparatives with last year could lead to a pick-up in demand for UK retailers this autumn, according to RBC Capital Markets which has highlighted M&S and Currys as its top stock picks.
Read moreCiti upgrades Next, hikes target price by 40%
10th Jul 2024 08:16
(Sharecast News) - Citi has upgraded Next from 'sell' to 'neutral' and hiked its target price by 40% on the back of an improving macro environment in the UK and the retailer's cash position.
Read moreLondon close: Stocks rise as UK election enters final hours
4th Jul 2024 15:41
(Sharecast News) - London stocks remained in the green by the close on Thursday, buoyed by optimistic market sentiment as UK voters headed to the polls amid widespread expectation of a Labour party victory.
Read moreLondon close: Stocks fall ahead of US Fed decision
1st May 2024 16:42
(Sharecast News) - London markets closed lower on Wednesday, as investors digested the latest UK manufacturing data and anticipated an impending policy announcement from the US Federal Reserve.
Read moreNext warns on Q2 but holds guidance as first-quarter sales beat estimates
1st May 2024 07:04
(Sharecast News) - UK fashion retailer Next said first-quarter sales came in ahead of forecasts and held guidance for the full year but warned that the next three months would be weaker due to wet spring weather.
Read moreLondon close: Stocks jump on weaker sterling, easing geopolitics
22nd Apr 2024 14:54
(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.
Read moreFrasers, Next interested in Ted Baker's European retail arm - report
9th Apr 2024 13:00
(Sharecast News) - Mike Ashley's Frasers Group and Next have reportedly expressed an interest in purchasing Ted Baker's stricken European retail arm.
Read moreLondon close: Stocks rise as BoE keeps rates on hold
21st Mar 2024 16:33
(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.
Read moreNext holds guidance as annual profits rise 5%
21st Mar 2024 07:09
(Sharecast News) - Shares in UK fashion retailer Next jumped on Thursday as it held guidance for 2024 after posting a better-than-expected 5% rise in annual profits and flagged lower prices for customers this year.
Read moreLondon close: Stocks turn lower as BoE keeps rates on hold
1st Feb 2024 16:48
(Sharecast News) - London's financial markets finished in the red on Thursday, reversing earlier gains after the Bank of England maintained interest rates at current levels.
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