lonnxt
“As Chancellor Rishi Sunak perfected his U-turn on a windfall tax, the share prices of BP plc (LON:BP) and Shell PLC (LON:SHEL) also looped lower, before climbing back up, as investors shrugged off its impact given that it is expected to be a short lived hit. BP And Shell Shrug Off Windfall TaxIt may mean dividends are pushed lower temporarily, but given that tax will reduce if companies invest more, it’s likely to mean an acceleration of investment by BP and Shell, a strategy which will be welcomed by many investors who see environmental progress and not just shareholder pay-outs as crucial f...
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“The FTSE 100 has been lifted by a surprise 1.4% rise in retail sales as for now consumers appear to be shrugging off fears of recession and soaring prices. Stores have enjoyed a burst of activity as shoppers regained their appetite to spend, clearly planning a summer of fun. The data has helped lift the share price of some high street stalwarts NEXT plc (LON:NXT) and Marks and Spencer Group Plc (LON:MKS), while shares in Tesco PLC (LON:TSCO) rose 1.4% on the open. Q1 2022 hedge fund letters, conferences and more Rise In Retail SpendingAfter shoppers were starved of enjoying the freedom to cel...
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NEXT plc (LON:NXT), the high street and online retailer has reiterated its guidance in a trading statement covering the first 13 weeks of its current financial year. The group sees full price sales for the year growing by between 2% and 8%, with profits between £795m and £895m which would represent a decline of 3% at the low end and growth of 9% at the upper end. Q1 2022 hedge fund letters, conferences and more The market had been fretting that NEXT would not be able to reach its sales and profit targets for the year, and the stock has been a laggard year to date, But today’s news looks to hav...
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NEXT plc (LON:NXT) today reported full year results for the 12 months ended 31 Jan 2022 which were closely in line with the market’s expectations.The company guided revenues and profits for the new financial year to be slightly lower than previously indicated in January, as a result of closing their Russian and Ukrainian websites following the outbreak of conflict in February.Overall, NEXT now see High Street store sales bouncing back a little stronger in the UK, partly at the expense of online sales.Costs are expected to jump by over £140m, with the company expecting to recoup almost £80m of ...
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February’s ONS retail sales figures predicted to rise on FridayMarks and Spencer Group Plc (LON:MKS) joint venture with Ocado Group PLC (LON:OCDO) could be a headwind to growth this yearMarket apprehension ahead of NEXT plc (LON:NXT)’s results on ThursdayCost pressures affecting Frasers Group PLC (LON:FRAS), J Sainsbury plc (LON:SBRY) and Tesco PLC (LON:TSCO)Q4 2021 hedge fund letters, conferences and more How The Retail Sector Is FaringAhead of the ONS Retail Sales figures for February being published on Friday, Steve Clayton, HL Select Fund Manager, gives his verdict on how parts of the reta...
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Look ahead to FTSE 350, other companies reporting & economic events from 21 to 25 March We’ll find out if Saga PLC (LON:SAGA)’s end of year losses are in line with expectationsInflation is expected to have heated up againWe’ll be looking for updated forecasts from NEXT plc (LON:NXT) given the challenging conditions aheadCVS Group Plc (LON:CVSG) looks to keep capitalising on the boom in pet ownershipThe mini relief rally for retail sales is expected to continue for FebruaryQ4 2021 hedge fund letters, conferences and more Saga, Full Year Results, Wednesday 23 MarchSophie Lund-Yates, Equity Analy...
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NEXT plc (LON:NXT) has issued a trading statement for their third quarter, ending 30 October.Q3 2021 hedge fund letters, conferences and more The group said sales had continued to run ahead of expectations but that emerging cost pressures and challenges with stock availability would hold profit growth back.Online, the group saw sales rise by 40% compared to pre-pandemic levels, offsetting a 6% decline in-store. Overall sales in the period were 14% ahead of pre-pandemic levels.The group expects sales growth to moderate in the final three months of the financial year, and sees a headwind to sale...
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NEXT plc (LON:NXT)’s total group sales rose 7.6% to £2.2bn compared to 2019. That was entirely driven by online sales. Pre-tax profits were up 5.9%, reaching £346.7m. Q2 2021 hedge fund letters, conferences and more Full price sales in the first eight weeks of the second half were up 20% on 2019, compared to second-half guidance of 6% growth. As a result, Next is upgrading guidance for the fourth time this year. It expects full price sales to rise 10% for the full year, while pre-tax profits guidance has also been upped by £36m to £800m. The shares rose 2.6% following the announcement. NEXT: T...
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NEXT plc (LON:NXT) (OTCMKTS:NXGPY) today released a trading statement which covers sales for the thirteen weeks to 1 May 2021..Q1 2021 hedge fund letters, conferences and more The shares reacted positively, rising by 1% in early trading.NEXT announced that sales had come in 8.5% ahead of expectations, causing them to raise guidance by £75m for the year and to lift their profit expectations by £20m to £720m.NEXT's Growth From Online BusinessCommenting on the statement, Steve Clayton, Fund Manager of the HL Select UK Shares funds said: “Forgive the pun, but this is a NEXTraordinary result, for N...
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Look ahead to FTSE 350 companies reporting from 3 to 7 May Q1 2021 hedge fund letters, conferences and more Activision Blizzard, Inc. (NASDAQ:ATVI) hopes to report another quarter of good growth before times get tougherHigh gold prices should have helped keep profits up at Barrick Gold Corp (NYSE:GOLD)It’s been boom time for Boohoo Group PLC (LON:BOO) (OTCMKTS:BHHOF) through the pandemicNEXT plc (LON:NXT)’s online offering has seen it beat expectations time after time through the pandemicDirection of travel far from clear for Trainline PLC (LON:TRN)InterContinental Hotels Group PLC (NYSE:IHG) ...
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