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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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Reporting full year results today, NEXT plc (LON:NXT) (OTCMKTS:NXGPY) revealed that it had remained profitable throughout the pandemic, driven by the strength of its online offering. Q4 2020 hedge fund letters, conferences and more Profits of £42m were reported from sales down 17% to £3.6bn.The group will not pay a final dividend but expect to be able to resume payments to shareholders later in the year.The group sees profits recovering to pre-pandemic levels during the current year, assuming no further returns to lockdowns in the UK. The shares jumped 300p to 8166p in reaction to the numbers....
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