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| 31.03.25 12:31:21 | NEXT's (LON:NXT) Dividend Will Be Increased To £1.58 |  |
| NEXT plc (LON:NXT) will increase its dividend from last year's comparable payment on the 1st of August to £1.58. This takes the annual payment to 2.1% of the current stock price, which is about average for the industry. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. NEXT's Future Dividend Projections Appear Well Covered By Earnings We aren't too impressed by dividend yields unless they can be sustained over time. Before making this announcement, NEXT was easily earning enough to cover the dividend. This means that most of its earnings are being retained to grow the business. Looking forward, earnings per share is forecast to rise by 26.3% over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 30%, which is in the range that makes us comfortable with the sustainability of the dividend.LSE:NXT Historic Dividend March 31st 2025 Check out our latest analysis for NEXT Dividend Volatility Although the company has a long dividend history, it has been cut at least once in the last 10 years. The dividend has gone from an annual total of £3.00 in 2015 to the most recent total annual payment of £2.33. Doing the maths, this is a decline of about 2.5% per year. A company that decreases its dividend over time generally isn't what we are looking for. NEXT Could Grow Its Dividend Growing earnings per share could be a mitigating factor when considering the past fluctuations in the dividend. NEXT has seen EPS rising for the last five years, at 5.9% per annum. Growth in EPS bodes well for the dividend, as does the low payout ratio that the company is currently reporting. In Summary In summary, it's great to see that the company can raise the dividend and keep it in a sustainable range. While the payout ratios are a good sign, we are less enthusiastic about the company's dividend record. Taking all of this into consideration, the dividend looks viable moving forward, but investors should be mindful that the company has pushed the boundaries of sustainability in the past and may do so again. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Companies that are growing earnings tend to be the best dividend stocks over the long term. See what the 14 analysts we track are forecasting for NEXT for free with public analyst estimates for the company. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 30.03.25 07:44:58 | NEXT plc (LON:NXT) Yearly Results: Here's What Analysts Are Forecasting For This Year | |
| It's been a pretty great week for NEXT plc (LON:NXT) shareholders, with its shares surging 12% to UK£110 in the week since its latest yearly results. It looks like the results were a bit of a negative overall. While revenues of UK£6.1b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 2.5% to hit UK£6.06 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.LSE:NXT Earnings and Revenue Growth March 30th 2025 Following the latest results, NEXT's 14 analysts are now forecasting revenues of UK£6.34b in 2026. This would be a credible 3.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 7.6% to UK£6.78. Before this earnings report, the analysts had been forecasting revenues of UK£6.32b and earnings per share (EPS) of UK£6.74 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. Check out our latest analysis for NEXT There were no changes to revenue or earnings estimates or the price target of UK£110, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on NEXT, with the most bullish analyst valuing it at UK£134 and the most bearish at UK£96.00 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the NEXT's past performance and to peers in the same industry. It's pretty clear that there is an expectation that NEXT's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 3.6% growth on an annualised basis. This is compared to a historical growth rate of 10% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 11% annually. Factoring in the forecast slowdown in growth, it seems obvious that NEXT is also expected to grow slower than other industry participants. Story Continues The Bottom Line The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. With that in mind, we wouldn't be too quick to come to a conclusion on NEXT. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple NEXT analysts - going out to 2028, and you can see them free on our platform here. It might also be worth considering whether NEXT's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 28.03.25 12:30:48 | NEXT Full Year 2025 Earnings: Revenues Beat Expectations, EPS Lags | |
| NEXT (LON:NXT) Full Year 2025 Results Key Financial Results Revenue: UK£6.12b (up 11% from FY 2024). Net income: UK£736.1m (down 8.3% from FY 2024). Profit margin: 12% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. EPS: UK£6.15 (down from UK£6.61 in FY 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.LSE:NXT Revenue and Expenses Breakdown March 28th 2025 All figures shown in the chart above are for the trailing 12 month (TTM) period NEXT Revenues Beat Expectations, EPS Falls Short Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 2.5%. The primary driver behind last 12 months revenue was the Next Online segment contributing a total revenue of UK£3.20b (52% of total revenue). Notably, cost of sales worth UK£3.46b amounted to 56% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to UK£878.8m (46% of total expenses). Explore how NXT's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in Europe. Performance of the market in the United Kingdom. The company's shares are up 13% from a week ago. Balance Sheet Analysis While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of NEXT's balance sheet and an in-depth analysis of the company's financial position. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 27.03.25 10:42:00 | Next’s Shares Jump on Guidance Upgrade Against Tough Sector Backdrop | |
| The stock soared after the fashion retailer—a bellwether for the sector in the U.K.—lifted its expectations for fiscal 2026. Continue Reading View Comments |
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| 27.03.25 10:36:24 | Next sees profits top £1bn and raises outlook in spite of tax hike impact | |
| Next has revealed an annual profit haul of more than £1 billion and hiked its outlook for the year ahead despite worries over the impact of Budget measures on consumer confidence. The high street retail giant, which has 457 stores across the UK, reported pre-tax profits of £1.01 billion for the year to January, up 10.1% on a year earlier. It said trading had been better than expected in the first eight weeks since its year-end, helping it to raise its guidance for 2025-26, pencilling in sales growth of 5% to £5.3 billion and profits up 5.4% to £1.07 billion. It had previously forecast full-year sales to rise 3.5% and profits to rise by 3.6% to £1.05 billion. Shares lifted 7% in morning trading on Thursday. Chief executive Lord Simon Wolfson said a strong first half will help offset a tougher end to 2025, with next month’s national insurance hike set to hit jobs and weaken consumer spending. He told the PA news agency the threat to employment was the biggest worry, with the group already seeing significant increases in applications for each vacancy it posts. Lord Wolfson said: “We’re concerned that the opportunities for employment in the economy will diminish, we hope we’re wrong, but that’s the biggest concern.” The group is forecasting sales growth to almost halve to 3.5% in the second half, down from an upwardly revised 6.5% in the first six months. Lord Wolfson said: “We expect the UK tax rises in April to weaken the UK employment market and negatively impact consumer confidence as the year progresses.” The group has already said it will have to raise prices by around 1% to offset the impact of Labour’s rise in national insurance contributions (NICs) and the minimum wage hike on its labour costs, with both taking effect in April. Lord Wolfson hit out at the moves to increase taxes for business, saying it is wrong to think that big firms “can afford to take on the burden of paying for excessive regulation and government financing”. “Policymakers should not allow themselves to believe that burdening ‘big’ business does not impact the lives of millions of ‘ordinary’ people: it does – consumers through higher prices, workers through fewer jobs and savers through lower pension income,” he said. Next’s results showed that, across its stores, like-for-like full prices sales fell 1.2% over the year to January 25 and profits fall 3.2% to £204 million. Online profits jumped 8% to £444 million thanks to a 4.6% rise in sales. Story Continues It said price rises and soaring wage costs will weigh on its store chain earnings over the year ahead, pencilling in profit to fall by around 12% to £180 million, with sales expected to fall 2%. But it is looking to open 10 new stores over 2025-26 in a move that will see it increase its trading space for the first time in more than five years, helping limit overall store sale declines. Lord Wolfson told PA the move to open more stores “reflects our belief that the worst of the retail to online shift is over”. The group is also appealing against a decision last year that saw more than 3,500 former and current workers at the group win their equal pay claim after a six-year legal battle. An employment tribunal ruled that Next failed to demonstrate that the lower basic wage paid to sales consultants compared with warehouse operatives was not the result of sex discrimination. The appeal is set to go to court in the early summer. View Comments |
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| 24.03.25 11:00:11 | Those who invested in NEXT (LON:NXT) five years ago are up 178% |  |
| When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. Long term NEXT plc (LON:NXT) shareholders would be well aware of this, since the stock is up 148% in five years. Meanwhile the share price is 2.4% higher than it was a week ago. So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Over half a decade, NEXT managed to grow its earnings per share at 8.4% a year. This EPS growth is slower than the share price growth of 20% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).LSE:NXT Earnings Per Share Growth March 24th 2025 We know that NEXT has improved its bottom line lately, but is it going to grow revenue? Check if analysts think NEXT will grow revenue in the future. What About Dividends? As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, NEXT's TSR for the last 5 years was 178%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. A Different Perspective NEXT provided a TSR of 9.0% over the last twelve months. Unfortunately this falls short of the market return. If we look back over five years, the returns are even better, coming in at 23% per year for five years. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. It's always interesting to track share price performance over the longer term. But to understand NEXT better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for NEXT you should be aware of. Story Continues Of course NEXT may not be the best stock to buy. So you may wish to see this freecollection of growth stocks. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 22.02.25 09:05:59 | If EPS Growth Is Important To You, NEXT (LON:NXT) Presents An Opportunity | |
| For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in NEXT (LON:NXT). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it. View our latest analysis for NEXT NEXT's Earnings Per Share Are Growing If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. That means EPS growth is considered a real positive by most successful long-term investors. NEXT managed to grow EPS by 15% per year, over three years. That growth rate is fairly good, assuming the company can keep it up. One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. NEXT maintained stable EBIT margins over the last year, all while growing revenue 13% to UK£5.8b. That's encouraging news for the company! The chart below shows how the company's bottom and top lines have progressed over time. To see the actual numbers, click on the chart.LSE:NXT Earnings and Revenue History February 22nd 2025 Fortunately, we've got access to analyst forecasts of NEXT's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting. Are NEXT Insiders Aligned With All Shareholders? Owing to the size of NEXT, we wouldn't expect insiders to hold a significant proportion of the company. But we are reassured by the fact they have invested in the company. Indeed, they have a considerable amount of wealth invested in it, currently valued at UK£138m. Holders should find this level of insider commitment quite encouraging, since it would ensure that the leaders of the company would also experience their success, or failure, with the stock. Should You Add NEXT To Your Watchlist? One important encouraging feature of NEXT is that it is growing profits. For those who are looking for a little more than this, the high level of insider ownership enhances our enthusiasm for this growth. The combination definitely favoured by investors so consider keeping the company on a watchlist. You still need to take note of risks, for example - NEXT has 1 warning sign we think you should be aware of. Story Continues There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of British companies which have demonstrated growth backed by significant insider holdings. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 30.01.25 10:53:11 | NEXT plc's (LON:NXT) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason? | |
| NEXT's (LON:NXT) stock is up by 1.6% over the past month. Given its impressive performance, we decided to study the company's key financial indicators as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study NEXT's ROE in this article. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. Check out our latest analysis for NEXT How Do You Calculate Return On Equity? Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for NEXT is: 55% = UK£808m ÷ UK£1.5b (Based on the trailing twelve months to July 2024). The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every £1 worth of equity, the company was able to earn £0.55 in profit. What Is The Relationship Between ROE And Earnings Growth? We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes. NEXT's Earnings Growth And 55% ROE To begin with, NEXT has a pretty high ROE which is interesting. Second, a comparison with the average ROE reported by the industry of 17% also doesn't go unnoticed by us. This probably laid the groundwork for NEXT's moderate 12% net income growth seen over the past five years. Next, on comparing NEXT's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 10% over the last few years.LSE:NXT Past Earnings Growth January 30th 2025 Earnings growth is a huge factor in stock valuation. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Has the market priced in the future outlook for NXT? You can find out in our latest intrinsic value infographic research report. Is NEXT Using Its Retained Earnings Effectively? NEXT has a healthy combination of a moderate three-year median payout ratio of 33% (or a retention ratio of 67%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits. Story Continues Additionally, NEXT has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 37%. However, NEXT's future ROE is expected to decline to 40% despite there being not much change anticipated in the company's payout ratio. Conclusion On the whole, we feel that NEXT's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 07.01.25 12:36:47 | Trending tickers: Nvidia, Microsoft, Meta, Tencent and Next | |
| Nvidia (NVDA) Chipmaker Nvidia unveiled its GB10 superchip, along with other AI-centric announcements at the 2025 Consumer Electronics Show (CES) in Las Vegas on Monday. In a highly-anticipated keynote speech at CES, Nvidia CEO Jensen Huang laid out his vision for the company's AI software offerings. Nvidia said its new GB10 superchip will be available in a small desktop system Project DIGITS, which will be available from May and will start at $3,000 (£2,392.80). Read more: FTSE 100 LIVE: Stocks dip as UK grocery price inflation heads to highest since March In addition to the new chip and desktop, Nvidia also debuted its open model license Cosmos platform for developing physical AI systems. These physical AI systems include technologies such as humanoid robots and self-driving robots. Ahead of Huang's speech, Nvidia shares closed at a fresh record high of $149.43 on Monday, with the stock up nearly another 2% in pre-market trading on Tuesday. Russ Mould, investment director at AJ Bell, said: "Nvidia’s runaway success means it has high expectations to meet on everything it does. "The launch of its next-generation gaming chips was always going to be a pivotal moment and true to its style, Nvidia has unveiled something that promises to be faster and better than what’s already on offer." NasdaqGS - Delayed Quote•USD (NVDA) Follow View Quote Details 136.24 - +(3.40%) At close: 4:00:01 PM EST Advanced Chart Microsoft (MSFT) Satya Nadella, CEO of Microsoft, reportedly said at an event on Tuesday the tech giant planned to invest $3bn in its AI and cloud computing capabilities in India. Bloomberg reported that Nadella announced the investment over two years at an event in Bangalore, southern India. Read more: Pound, gold and oil prices in focus: commodity and currency check, 7 January “The diffusion rate of AI in India is exciting,” Nadella reportedly said. Nadella also said that Microsoft planned to give AI training to 10 million people in India by 2030. This latest news follows an announcement from Microsoft last week that it planned to invest $80bn in AI data centres. Despite this update, Microsoft shares were little changed in pre-market trading on Tuesday morning. NasdaqGS - Delayed Quote•USD (MSFT) Follow View Quote Details 426.31 - +(2.56%) At close: 4:00:01 PM EST Advanced Chart Meta Platforms (META) Social media company Meta was in focus after announcing it had appointed Dana White, CEO of the Ultimate Fighting Championship (UFC) and ally of US president-elect Donald Trump, to its board. Meta also elected former Microsoft executive Charlie Songhurst and the CEO of holding company Exor, John Elkann, to the board. Mark Zuckerberg, CEO of Facebook-parent Meta, said: "Dana, John and Charlie will add a depth of expertise and perspective that will help us tackle the massive opportunities ahead with AI, wearables and the future of human connection." Story Continues Stocks: Create your watchlist and portfolio The appointments come just days after former UK deputy prime minister Sir Nick Clegg stepped down from his role as Meta's president of global affairs and is to be replaced by his deputy and key Republican voice Joel Kaplan. Zuckerberg appears to have been trying to forge closer ties with Trump, with Meta having donated $1m to the president-elect's inaugural fund. Shares in Meta were nearly 1% lower in pre-market trading on Tuesday. NasdaqGS - Delayed Quote•USD (META) Follow View Quote Details 617.12 - +(3.85%) At close: 4:00:01 PM EST Advanced Chart Tencent (0700.HK) Shares in Tencent slid 7% on Tuesday, after the US added the technology company to its blacklist of firms that it suspects have ties to the Chinese military. The Shenzhen-headquartered company was one of the companies that the US Defense Department said it had determined as now qualifying as a Chinese military company, according to an updated notice published on Tuesday. Read more: Stocks that are trending today A spokesperson for Tencent had not responded to Yahoo Finance UK's request for comment at the time of writing. This news comes as trade tensions between the US and China escalate, just a couple of weeks before Trump returns to the White House. The Biden administration has already announced further export curbs on chips to limit China's access to the technology. Next (NXT.L) Back in the UK, retailer Next said it was giving a cautious outlook for the business, as it highlighted the expected impact of tax increases and higher wage costs out of the autumn budget. "We believe that UK growth is likely to slow, as employer tax increases, and their potential impact on prices and employment, begin to filter through into the economy," the company said in its Christmas trading update. To offset an "unusually high" £67m ($84m) increase in wage costs, Next said it would raising prices on like-for-like goods by 1%, as we implementing cost savings. Read more: Funds for investors to watch in 2025 For the year, Next said it expected to generate total group sales growth of 3.2% to £6.5bn and profit before tax of £1.05bn, up 3.6% on the previous year. In the nine weeks to 28 December, Next said full price sales were up 6% compared with the previous year. Charlie Huggins, head of equities at the Wealth Club, said: "The year ahead is forecast to be more challenging, but Next still expects to grow sales and profit." "Calendar year 2025 is likely to be a bloodbath for the UK retail sector," he added. "The Autumn Budget means retailers will face a significant increase in employee costs and many will not be able to offset this. Next stands apart for its ability to do so, with its high margins, strong overseas growth and efficiency initiatives all helping it to preserve profitability." Other companies in the news on Tuesday 7 January: Micron Technology (MU) FuboTV (FUBO) Disney (DIS) Advanced Micro Devices (AMD) Sodexo (SW.PA) Volvo Car (VOLCAR-B.ST) Norwegian Air Shuttle (NAS.OL) Read more: Will gold prices rise in 2025 and how can you invest? Funds for investors to watch in 2025 Stocks to watch in European luxury and retail in 2025, according to Deutsche Bank Download the Yahoo Finance app, available for Apple and Android. View Comments |
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| 27.12.24 12:29:04 | Trending tickers: Netflix, Bitcoin, Next, Delivery Hero | |
| Netflix (NFLX) Netflix stock slipped more than 1% in premarket trade on Friday, even after setting new streaming records with the broadcast of two NFL games on Christmas day. According to reports, the Kansas City Chiefs’ victory over the Pittsburgh Steelers averaged 24.1 million viewers, while an average of 24.3 million people watched the Baltimore Ravens defeat the Houston Texans, with the majority of the audience coming via Netflix. Investors could potentially be taking money off the table before the new year, as the stock is up around 97% for the year-to-date. Netflix was set to open at $924.14 on Friday, having lost 0.9% on Thursday. NasdaqGS - Delayed Quote•USD (NFLX) Follow View Quote Details 848.26 - +(2.40%) At close: January 15 at 4:00:01 PM EST Advanced Chart Bitcoin (BTC-USD) Bitcoin's price was up 1.4% on Friday, to grace the $96,700 mark as confidence returned following a small dip after Christmas day. Over the last month, the asset has been typically volatile — heading to all-time highs past the $106,000 mark, as markets anticipate US president-elect Donald Trump's incoming pro-crypto cast of advisers. During the election cycle, Trump made several pledges in line with boosting the crypto industry. One such pledge was to build a national bitcoin reserve for the US. He also vowed to sack the crypto critical US Securities and Exchange Commission (SEC) chair Gary Gensler, with Paul Atkins, CEO of Patomak Partners and a former SEC commissioner, lined up to replace him. Atkins is known as a friend of the crypto industry and will likely be a softer touch on regulation. Read more: How will Trump's tariffs impact UK and EU trade? Meanwhile, Trump appointed former PayPal (PYPL) executive David Sacks as the first crypto and AI tsar. Sacks has previously argued that opening the doors to crypto adoption would spur on growth and encourage innovation. CCC - CoinMarketCap•USD (BTC-USD) Follow View Quote Details 99,576.74 - +(2.50%) As of 4:53:00 AM UTC. Market Open. Advanced Chart Next (NXT.L) Retailers such as next were among he losers in the FTSE on Friday, following data which showed low Boxing Day footfall in the UK. Data from Begbies Traynor showed there were 2,124 retailers in “critical financial distress” in the first 11 weeks of the October-December quarter. That figure is a jump of about 25% quarter-on-quarter — up from 1,696 in July-September. Meanwhile, MRI Software data shows there was a 4.9% drop in footfall across all UK retail destinations compared to Boxing Day last year. Delivery Hero (DHER.DE) Delivery Hero shares fell as much as 9% in Germany, after Taiwan's Fair Trade Commission blocked the sale of its Foodpanda unit to Uber (UBER). Taiwan's competition regulator barred the $950m deal, which would have been one of the country's largest outside of the chip sector. It would have been the sign of a retreat from Asian markets for the food delivery company. Story Continues Uber can now appeal the decision or walk away from the deal. Download the Yahoo Finance app, available for Apple and Android View Comments |
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