Next Shares News & Articles

The pros and cons of investing in Fundsmith’s new Smithson investment trust

Investors who have made a mint from Fundsmith Equity (B41YBW7) are now deciding whether to back a new fund from the same asset manager, to be called Smithson Investment Trust. The prospectus has shed some more light on the strategy and potential investments, meaning we now have a much better idea of the possible shape of the trust’s portfolio. Our conclusion from these bits of information ...

Market report: Next basks in glow of summer sales boom, Card Factory weak, CMC warns

UK fashion retailer Next (NXT) has lifted its full year profit forecast by £10m to £727m after it saying that trading in August was better than expected. Shares in the FTSE 100 high street operator shot to the top of the FTSE 100 leader board in early trade on Tuesday after the company revealed ‘we did not experience any material loss of sales in August or early September.’ The shares ...

Market report: Superdry soars on special dividend and trading recovery; Primark fails to halt ABF sugar sell-off

Fashion chain Superdry (SDRY) on Thursday posted double-digit growth in full year revenue and underlying pre-tax profit, helped by its wholesale segment, sending its share price racing to the top of the FTSE All-Share in early trade. The company has also declared a special dividend worth 25p per share. Reported pre-tax profit fell to £65.3m, from £84.8m in the previous year due to currency ...

This investment trust is at its widest discount in 10 years, read why analysts think that could change

Keystone Investment Trust (KIT) controls assets worth around £273m yet its market value stands at a fraction off £235m. That’s a 13.9% discount, apparently the widest the trust’s gap between its share price (up 10p today at £17.45) and net asset value (NAV) has been for 10 years, according to City analysts. A quick glance at Keystone’s performance tells you why this is. The trust has ...

Three reasons why DS Smith’s share price fails to rally on strong financial results

Packaging company DS Smith (SMDS) has reported a 21% jump in full year adjusted pre-tax profit to £473m with the figures bolstered by acquisitions and recovering paper prices. These figures do however strip out a slew of implied one-off costs relating to acquisitions and restructuring. It also adds back £93m of amortisation non-cash charges. Including all of these costs puts pre-tax ...

Market report: RBS agrees $4.9bn penalty to satisfy US regulators; BT slumps on growth return plans

Banking group Royal Bank of Scotland (RBS) has agreed to pay a $4.9bn fine to resolve a US probe into its past sale of mortgage-backed securities. This is a far smaller penalty than many investors feared the bank would have to pay, with some estimates predicting up to $12bn in fines. This sends shares in RBS jumping more than 5% to 290.6p in early trade on Thursday, one of the FTSE 100’s ...
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