Next Shares Surge, But Outlook Cautious

Warnings over Brexit and online headwinds persist from high-street bellwether Next, but investors cheered its half-year results. Is there more juice in the share price?

David Brenchley 25 September, 2018 | 12:05PM
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Next store, Next share price, uk stocks, stock market, FTSE 100

Next (NXT) results for the half-year ending July 2018 were rather reflective, and had plenty of warnings of continued headwinds in the retail sector down the line.

Despite that, and first-half pre-tax profits missing expectations, shares surged around 8% to a shade above £55.00 as fears that its second-quarter sales beat had been pulled forward from third-quarter numbers proved unfounded. It also raised full-year profit guidance by £10 million to £727 million.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Next PLC7,838.00 GBX0.72

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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