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UK retail warns of inflation, job losses from budget, seeks Reeves meeting

UPDATE 1-UK retail warns of inflation, job losses from budget, seeks Reeves meeting Over 80 retail bosses sign letter to finance minister Say retail faces 7 bln stg in extra annual costs from 2025 Wants to work with government to find solution Adds latest number of signatories paragraph 2, comment from spokesperson for Prime Minister Keir Starmer 7 and 8 By James Davey LONDON, Nov 19 (Reuters) - Britain's biggest retailers have written to finance minister Rachel Reeves to warn her that last mont
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Financial Times - Nov 19

PRESS DIGEST- Financial Times - Nov 19 Nov 19 (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 - London's Metropolitan police has 'exhausted' its financial buffers - UK retailers warn Rachel Reeves of £7bn hit from Budget changes - UK 'exposed' in event of global trade war, warns business secretary - British Airways flights hit by fresh round of IT problems Overview - London's Metropolit
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UK retail warns of inflation and job losses from budget, seeks Reeves meeting

UK retail warns of inflation and job losses from budget, seeks Reeves meeting Seventy-nine retail bosses sign letter to finance minister Say retail faces 7 billion pounds in extra annual costs from 2025 Want to work with government to find solution LONDON, Nov 19 (Reuters) - Britain's biggest retailers have written to finance minister Rachel Reeves to warn her that last month's budget will make both higher prices and job losses a certainty and dent investment.
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Hellofresh, Maersk, Scout24

EUROPE RESEARCH ROUNDUP-Hellofresh, Maersk, Scout24 Nov 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Hellofresh, Maersk and Scout24 on Friday. HIGHLIGHTS * Hellofresh SE HFGG.DE : JP Morgan raises to overweight from neutral * Knorr Bremse AG KBX.DE : Exane BNP Paribas cuts to neutral from outperform * Maersk MAERSKb.CO : JP Morgan raises target price to DKK 9,000 from DKK 8,575 * Next Plc NXT.L : Citigroup raises target price
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UK retailers, supermarkets gain as Chancellor Reeves announces business rates relief

BUZZ-UK retailers, supermarkets gain as Chancellor Reeves announces business rates relief ** Shares in UK retailers .FTNMX404010 and supermarkets gain as finance minister Rachel Reeves presents maiden budget ** Retailers index up 1.57% vs. up 0.07% before budget at 1230 GMT ** Government provides 40% relief on business rates for retail, hospitality
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UK Stocks-Factors to watch on Oct. 30

UPDATE 1-UK Stocks-Factors to watch on Oct. 30 Adds new items, updates futures Oct 30 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.6%. * GSK: GSK GSK.L lowered its 2024 vaccine sales forecast for the second time this year on Wednesday, hit by weak demand for its respiratory syncytial virus (RSV) and shingles vaccines.
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Next Sees Annual Profit To Exceed 1 Bln Stg

BRIEF-Next Sees Annual Profit To Exceed 1 Bln Stg Oct 30 (Reuters) - Next PLC NXT.L : FULL YEAR GUIDANCE: FULL PRICE SALES £5.02BN TRADING STATEMENT Q3 FULL PRICE SALES UP 7.6% VERSUS LAST YEAR INCREASES Q4 FULL PRICE SALES GROWTH GUIDANCE TO 3.5% UPGRADES FULL YEAR PROFIT GUIDANCE TO £1,005M TOTAL GROUP SALES FOR FULL YEAR ARE EXPECTED TO BE UP
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UK retailer Next expects to join 1 bln pound profit club

UPDATE 3-UK retailer Next expects to join 1 bln pound profit club Q3 full price sales up better-than-expected 7.6% Sales boosted by arrival of colder weather Raises Q4 sales guidance to up 3.5% Shares up 1.4% Adds shares in paragraph 8, analyst comment 9-10, 14 By James Davey LONDON, Oct 30 (Reuters) - Next NXT.L said on Wednesday it expected to report annual profit in excess of 1 billion pounds ($1.3 billion) for the first time in its history in its current financial year, underscoring the succ
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UK clothing retailer Next's annual profit to exceed 1 billion pounds

UK clothing retailer Next's annual profit to exceed 1 billion pounds LONDON, Oct 30 (Reuters) - British clothing retailer Next NXT.L said on Wednesday it expected its annual profit to exceed 1 billion pounds ($1.3 billion) as it raised its outlook for the third time in four months. The group said the upgrade reflected a better-than-expected 7.6% rise in third quarter full price sales, driven by the early arrival of colder weather this year, versus an unusually warm September and early October la
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UK Stocks-Factors to watch on Oct. 30

UK Stocks-Factors to watch on Oct. 30 Oct 30 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.5%. * BUDGET: Britain's new finance minister Rachel Reeves will announce what may be the biggest tax hikes in three decades on Wednesday in a bid to fix the country's sagging public services, alongside billions of pounds of extra borrowing to overhaul the economy.
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Next CEO Wolfson nets $39 mln from share sale

Next CEO Wolfson nets $39 mln from share sale LONDON, Sept 27 (Reuters) - The boss of British clothing and homewares retailer Next NXT.L has sold over 29 million pounds ($39 million) worth of his stock, sending shares in the group lower. A regulatory filing showed Simon Wolfson, the FTSE-100 index's longest serving chief executive and a Conservative party peer, sold 290,000 shares.
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Anglo American, Mercedes-Benz, Next

EUROPE RESEARCH ROUNDUP- Anglo American, Mercedes-Benz, Next Sept 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Anglo American, Mercedes-Benz and Next, on Monday. HIGHLIGHTS * Anglo American AAL.L : JP Morgan cuts target price to 2,305p from 2,440p * Mercedes-Benz Group AG MBGn.DE : Jefferies cuts target price to EUR 75 from EUR 90 * Next Plc NXT.L : JP Morgan raises target price to 10,500p from 9,900p * Porsche AG P911_p.DE :
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British Business - Sept 20

PRESS DIGEST-British Business - Sept 20 Sept 20 (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 - Journalists at Guardian Media Group have revolted against a planned sale of The Observer over concerns that it could harm the financial security of staff members.
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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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