NEXT is a UK based retailer offering exciting, beautifully designed, excellent quality

fashion and accessories for men, women and children together with a full range of

homewares# NEXT distributes through three main channels:


■NEXT Retail, a chain of more than 500 stores in the UK and Eire;
■NEXT Directory, a home shopping catalogue and website with around 3 million active customers and international websites serving approximately 50 countries; and
■NEXT International, with almost 200 mainly franchised stores around the world#
Other businesses in the NEXT group include:■NEXT Sourcing, which designs, sources and buys NEXT branded products;
■Lipsy, which designs and sells its own branded younger women's fashion products through retail, internet and wholesale channels; and
The parent company, NEXT plc, is listed on the London Stock Exchange #LSE: NXT#L# and is a member of the FTSE 100 Index# Total revenues for the year ended January 2012 were £3#5 billion with underlying pre-tax profits of £570 million# NEXT's head office is located in Enderby on the outskirts of Leicester, England

http://www.next.co.uk/

Next PLC (NXT:LSE) set a new 52-week high during today's trading session when it reached 5,270. Over this period, the share price is up 47.35%.

Interim Management Statement

http://www.moneyam.com/action/news/showArticle?id=4695506

Next ups full-year profit, sales guidance
By Jon Hopkins October 30 2013, 9:01am Next now expects a 2013-14 pre-tax profit of £650-680mlnNext now expects a 2013-14 pre-tax profit of £650-680mln

Britain's second biggest clothing retailer, Next (LON:NXT), has raised its full-year profit guidance after seeing solid trading in the third-quarter, sending its shares to the top of the FTSE 100 leader board.

The firm said it now expects a 2013-14 pre-tax profit of £650-680mln, a year-on-year increase of 4.6-9.4%, up from previous guidance for a pre-tax profit of £635-675mln.

Next reported total sales up 4.3% in the 13 weeks to October 26, above the company's guidance for sales growth of 1-4% in its second-half and an improvement from growth of 2.3% seen in the first-half.

Next was reliant on a strong performance from its Directory catalogue business, where sales increased 10.7%, while sales at its stores only rose 0.4%, reflecting unhelpfully warm autumn weather.

The retailer also raised its sales forecast for the full-year to up 2.0-3.75% from up 1.5-3.5%.

In reaction, broker Oriel Securities upgraded its pre-tax profit forecasts for both this year and next year by £11mln to £671mln and £712mln respectively.

“This morning’s statement is a positive for the sector and does breed modest upgrades. The shares should react positively this morning but the investment case remains fairly valued and we stick with our hold stance,” Oriel analysts said in a note.

Next shares were up 6.9%, taking the rise so far this year to around 50%. Fellow clothing retailer Marks & Spencer (LON:MKS) also saw a lift from the Next news, adding 2.1%.
-------------------------------------------------------------------------------------------------
Next PLC (NXT:LSE) set a new 52-week high during today's trading session when it reached 5,620. Over this period, the share price is up 52.83%.

Next: Deutsche Bank ups target price from 5600p to 5660p and reiterates a hold recommendation. HSBC increases target price from 5400p to 5610p staying with its neutral rating. Societe Generale raises target price from 5500p to 6000p, while leaving its hold recommendation unchanged.

Next: Jefferies starts with a target price of 6300p and a buy recommendation.

Proactive investor - Next (LON:NXT) topped the FTSE 100 leaderboard on Tuesday after Oriel Securities gave investors something to cheer with an upgrade to ‘buy’.

The clothing retailer’s stock can still rise some way yet in Oriel’s opinion.

International online sales are set to double in the next two years, which could see the shares climb as high as 6,200p from their current levels of 5,535p, up 135p on the day.

A bullish note on the retail sector lifted Sports Direct (LON:SPD) towards the summit of the benchmark index with the stock boosted by an 850p target price by Liberum Capital.

@ 5572 I've gone short. Seams to be struggling at the moment

+94 pips at the moment, still looks good to hold short.

Nice trade Shortie.

Thanks Skinny, still there's plenty left in this one. I'd don't think I'll see support before 5400.

Nice one shortie. Spreads a bit rich for me Cap Spreads 15 pips.

I'm on 11 pips spread with Cityindex for this (prices above on chart)..

Well done shortie.



5 Dec Citigroup 6,100.00 Buy

@5465 I'm now at +107 pips and considering where to set a stop loss.

personally, i (almost) never set stops as it is all too easy to get shut out on a spike ..... my gut feel is that the market(s) will pop (north!) this afternoon, pretty much regardless of what numbers come in from usa ..... my logic is purely that the markets have tumbled quite a lot over the last few days, so some sort of rally - perhaps short-lived - must be on the cards

5200?!? Think it might break lower.. No stop loss set, think I'll carry on holding..

@5437 my bets now +135, nothing telling me to close the position either.

+119 closed half my short.

@5402 now +170 and testing support.