The share price of Next (LSE: NXT) added 110p to 6,695p during early trade this morning, after the clothes retailer reported a 12% increase in annual profit to �695m, which is at the high end of the range expected.
next But the foundations for that year lie further back, when we were starting to enter that nasty recession and NEXT's neighbours were waking up to the fact that they were being overtaken by a huge change in the way we shop - that old Internet thing.
Next's (LSE: NXT) performance over the last year has been extremely impressive. Not only has it delivered superb share price gains of 61%, it has also significantly outperformed the FTSE 100, too, with the wider index being up just 1% over the same period.
Recent data suggests that the UK economic recovery might be sustainable after all. GDP is set to recover after five years of lost growth, and retail sales surged in February, despite unrepentant rain and flooding.
Director Deals - Next PLC (NXT). 25 March 2014 | 14:25pm. StockMarketWire.com - David Keens, Financial Director, has transferred in 8,938 shares in the company on the 24th March 2014 at a price of 0.00p.
NEXT plc logo NEXT plc (LON:NXT) was downgraded by analysts at Espirito Santo Investment Bank Research to a �sell� rating in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.