Next lifts FY profit guidance on strong third quarter sales rise
28th Oct 2020 07:03
(Sharecast News) - Clothing retailer Next lifted full-year profit guidance after a better-than-expected rise in third quarter sales as online sales during the coronavirus pandemic drove growth.
Read moreTuesday broker round-up
20th Oct 2020 13:16
(Sharecast News) - Intercontinental Hotels: JP Morgan upgrades to neutral with a target price of 4,400p.
Read moreBarclays starts coverage of Next at 'overweight'
20th Oct 2020 09:00
(Sharecast News) - Barclays initiated coverage on shares of retailer Next at 'overweight' on Tuesday, with a 7,200p price target.
Read moreBerenberg downgrades Next, says structural pressures not priced in
29th Sep 2020 12:11
(Sharecast News) - Berenberg downgraded Next to 'sell' from 'hold' on Tuesday as it took a look at the retail sector.
Read moreNext boss Wolfson predicts large-scale retail job losses
25th Sep 2020 12:28
(Sharecast News) - Next boss Simon Wolfson said many thousands of retail jobs would not survive the long-term effects of the Covid-19 crisis, the BBC reported.
Read moreNext upgrades profit guidance as sales beat expectations
17th Sep 2020 07:04
(Sharecast News) - Next upgraded its profit guidance after sales in the first half and beyond held up better than the company expected.
Read moreThursday preview: Bank of England, Next in focus
16th Sep 2020 16:34
(Sharecast News) - The market spotlight on Thursday will be firmly on the Bank of England.
Read moreMPs 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.
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