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UK consumer outlook still positive, says Next boss

UK consumer outlook still positive, says Next boss By James Davey LONDON, Sept 19 (Reuters) - The outlook for the UK consumer remained positive, the boss of clothing retailer Next NXT.L said on Thursday, noting there was nothing in its current numbers that suggested a fundamental malaise. In March, Simon Wolfson, Britain's longest-serving FTSE 100 CEO, said the UK consumer outlook was the best it had been than since before the pandemic in 2020. However, a difficult half for the UK clothing indus
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UK's Next at record high after raising FY24-25 profit forecast

BUZZ-UK's Next at record high after raising FY24-25 profit forecast Updates ** British fashion retailer Next NXT.L jumps as much as 6.9% to a record high of 11,045p, top gainer on FTSE 100 index .FTSE ** Co raises FY24/25 profit forecast by 15 mln pounds ($19.9 mln) to 995 mln pounds ** Sees FY24/25 H2 sales growth of 3.7% vs last guided growth of
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Next's better trading due to UK weather turning more seasonal, says boss

Next's better trading due to UK weather turning more seasonal, says boss LONDON, Sept 19 (Reuters) - British clothing retailer Next's NXT.L better-than-expected sales in the first six weeks of its second half reflected the UK weather turning more seasonal, its boss said on Thursday. An unseasonably cold spring and a cool and wet early summer weighed on clothing retailers' sales in the first half, but Next CEO Simon Wolfson said autumnal weather in recent weeks had got shoppers spending.
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UK's Next jumps on raising FY24/25 profit forecast

BUZZ-UK's Next jumps on raising FY24/25 profit forecast ** British fashion retailer Next NXT.L jumps 5.4% to 10,890p, top gainer on FTSE 100 index .FTSE ** Co raises FY24/25 profit forecast by 15 mln pounds ($19.9 mln) to 995 mln pounds ** Sees FY24/25 H2 sales growth of 3.7% vs last guided growth of 2.5% ** Says full-price sales over first six wee
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ASOS, JTC, London Stock Exchange

EUROPE RESEARCH ROUNDUP-ASOS, JTC, London Stock Exchange Sept 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASOS, JTC and London Stock Exchange, on Thursday. HIGHLIGHTS * ASOS Plc ASOS.L : HSBC cuts to reduce from hold * JTC Plc JTC.L : RBC raises target price to 1,100p from 980p * London Stock Exchange LSEG.L : HSBC raises target price to 10,000p from 9,400p * Nordic Semiconductor ASA NOD.OL : Barclays cuts target price to NOK
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UK Stocks-Factors to watch on Sept 19

UPDATE 1-UK Stocks-Factors to watch on Sept 19 Adds new items, updates futures Sept 19 - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0 .8%. * NEXT: British clothing retailer Next NXT.L said it was on track to make annual profit of almost 1 billion pounds ($1.3 billion) as it raised its outlook for the second time in two months after better-than-expected recent trading.
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UK's Next raises forecast to put 1 billion pound profit in sight

UPDATE 2-UK's Next raises forecast to put 1 billion pound profit in sight First-half pretax profit up 7.1% to 452 mln stg Raises second half sales growth guidance to 3.7% Raises full-year profit guidance to 995 mln stg Shares up 5% Adds shares and details in paragraphs 2-4 and 9-12 By James Davey LONDON, Sept 19 (Reuters) - British clothing retailer Next NXT.L said on Thursday it was on track to make an annual profit of almost 1 billion pounds ($1.3 billion) as it raised its forecast for the sec
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Next Raises FY Pre-Tax Profit Guidance By £15 Mln

BRIEF-Next Raises FY Pre-Tax Profit Guidance By £15 Mln Sept 19 (Reuters) - Next PLC NXT.L : NEXT PLC - RESULTS FOR THE HALF YEAR ENDED JULY 2024 NEXT PLC - HY FULL PRICE SALES1 UP +4.4% AND TOTAL GROUP SALES (INCLUDING SUBSIDIARIES) UP +8.0%. NEXT PLC - DECLARES INTERIM DIVIDEND OF 75 PENCE PER SHARE NEXT PLC - FULL YEAR PRE-TAX PROFIT GUIDANCE I
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Britain's Next on track for 1 billion pounds annual profit

Britain's Next on track for 1 billion pounds annual profit LONDON, Sept 19 (Reuters) - British clothing retailer Next NXT.L said it was on track to make annual profit of almost 1 billion pounds ($1.3 billion) as it raised its outlook for the second time in two months after better-than-expected recent trading. Reporting by James Davey, Editing by Pa
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UK Stocks-Factors to watch on Sept. 19

REFILE-UK Stocks-Factors to watch on Sept. 19 Removes extraneous word from headline Sept 19 - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.89%. * BOE: The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond sales that could feed into Finance Minister Rachel Reeves' first budget.
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UK corporate earnings week ahead

DIARY-UK corporate earnings week ahead Sept 13 (Reuters) - Diary of U.K (.FTSE) corporate earnings for the week ahead UK EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 16-Sep-2024 NTS PHNX.L Phoenix Group Holdings PLC Half Year 2024 Phoenix Group Holdings PLC Earnings Release 17-Sep-2024 BMO KGF.L Kingfisher PLC Half Year 2025 Kingfisher PLC Earnings Release 19-Sep-2024 06:00 NXT.L Next PLC Half Year 2024 Next PLC Earnings Release ** All times are listed in BMO - 'Before market
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Europe's STOXX 600 corporate earnings week ahead

DIARY-Europe's STOXX 600 corporate earnings week ahead Sept 13 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 16-Sep-2024 13:30 BARN.S Barry Callebaut AG Barry Callebaut AG EUDR Investor Webinar 16-Sep-2024 NTS PHNX.L Phoenix Group Holdings PLC Half Year 2024 Phoenix Group Holdings PLC Earnings Release 17-Sep-2024 BMO KGF.L Kingfisher PLC Half Year 2025 Kingfisher PLC Earni
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Financial Times - August 28

PRESS DIGEST- Financial Times - August 28 Aug 28 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK property market set for busy autumn as listings hit seven-year high - Klarna weighs removal of co-founder’s key ally from board - Ryanair expects airfares to continue to fall this winter - Next store staff win six-year equal pay fight Overview - Britain’s housing market is set for a
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British Business - Aug 28

PRESS DIGEST-British Business - Aug 28 Aug 28 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Delaware's highest court will hear an appeal by GSK GSK.L and rival drugmakers seeking to end more than 70,000 lawsuits claiming that the discontinued heartburn drug Zantac caused cancer .
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UK Stocks-Factors to watch on Aug. 27

UPDATE 1-UK Stocks-Factors to watch on Aug. 27 Adds new items, updates futures Aug 27(Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0 .4%. * BUNZL: British business supplies distributor Bunzl BNZL.L raised its annual adjusted operating profit forecast as it benefits from acquisitions and demand for its own brand stays strong.
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Thousands of workers at UK retailer Next win equal pay case

Thousands of workers at UK retailer Next win equal pay case LONDON, Aug 27 (Reuters) - More than 3,500 current and former shop workers at British retailer Next NXT.L have won a six-year legal fight for equal pay, lawyers representing the claimants said on Tuesday. An Employment Tribunal ruled that Next had failed to show that paying its sales consultants, who are overwhelmingly women, lower pay rates than its warehouse workers was not sex discrimination, said Leigh Day, the law firm representing
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Admiral, UCB SA, Victrex

EUROPE RESEARCH ROUNDUP-Admiral, UCB SA, Victrex Aug 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Admiral, UCB SA and Victrex, on Wednesday. HIGHLIGHTS * Admiral ADML.L : RBC raises target price to 3,550p from 3,400p * Demant A/S DEMANT.CO : Morgan Stanley raises to overweight from underweight * UCB SA UCB.BR : JP Morgan raises to overweight from neutral * Victrex Plc VCTX.L : Jefferies raises to hold from underperform * Watki
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Next hits record high after raising annual profit forecast

BUZZ-Next hits record high after raising annual profit forecast ** Shares in Next Plc NXT.L rise as much as 8.6% to a record high of 9,858p ** Stock second biggest gainer on the FTSE 100 .FTSE index ** UK clothing retailer raises full-year pre-tax profit forecast by 20 mln pounds ($25.6 mln), now sees FY PBT of 980 mln pounds ** Q2 full price sales
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UK Stocks-Factors to watch on August 1

UPDATE 1-UK Stocks-Factors to watch on August 1 Adds new items, updates futures Aug 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.3%. * SHELL: Shell SHEL.L reported a 19% quarter-on-quarter drop in profit to $6.3 billion, reflecting weaker refining margins and oil and gas trading, though still beat analysts' forecasts.
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Next Increases FY Profit Guidance To 980 Mln Stg

BRIEF-Next Increases FY Profit Guidance To 980 Mln Stg Aug 1 (Reuters) - Next PLC NXT.L : TRADING STATEMENT IN Q2 FULL PRICE SALES(1) WERE UP +3.2% VERSUS LAST YEAR INCREASES FULL YEAR PROFIT GUIDANCE BY +£20M TO £980M Source text for Eikon: ID:nRSA6793Ya Further company coverage: NXT.L
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