Key Developments: Next PLC (NXT.L)
4,599.00GBp
12:15pm EDT
14.00p (+0.31%)
4,585.00p
4,577.00p
4,600.00p
4,558.00p
590,313
494,960
4,780.00p
3,070.00p
Latest Key Developments (Source: Significant Developments)
Next Plc Announces Final Dividend
Next Plc announced that the Company confirms that, subject to its approval by shareholders at the forthcoming Annual General Meeting, the final dividend of 74p per share will be paid on August 1, 2013 to those members on the Company's register at the close of business on June 28, 2013. Full Article
Next Plc Issues FY 2014 Revenue Guidance Below Analysts' Estimates; Raises FY 2014 PBT Guidance And Lowers EPS Guidance
Next Plc announced that for fiscal 2014, it expects sales to rise in a range of +1% to +4%, profits before tax (PBT) to be in a range of GBP615-GBP665 million and earnings per share (EPS) growth in the range of +4% and +13%. The Company reported revenue of GBP3.5 billion and EPS of GBP2.83 in fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of GBP3.7 billion, pre-tax profit of GBP651 million and EPS of GBP3.13 for fiscal 2014. Full Article
Next Plc Raises FY 2013 Earnings Guidance
Next Plc announced that it will narrow profit guidance to the top of the previous range which was GBP590 million to GBP620 million. The Company now expects profit to be within GBP611 million either side of GBP625 million and Earnings Per Share (EPS) to be in a range of 14%-17%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report Profit before tax of $609 million and EPS of 278.20 pence for fiscal 2013. Full Article
NEXT plc Declares Interim Dividend
NEXT plc announced that the Board of Director has declared an interim dividend is being increased by 3.5p to 31p, an increase of 12.7%. This will be paid on January 2, 2013 to shareholders on the register at November 23, 2012. The shares will trade ex-dividend from November 21. Full Article
NEXT plc Raises FY 2013 Profit Before Tax Guidance; Updates EPS Guidance
NEXT plc announced that for fiscal 2013, it expects profit before tax to be in a range of GBP575-620 million and basic earnings per share (EPS) to be in a range of 7%-15%. Full Article
NEXT plc Issues FY 2012 EPS Guidance Above Analysts' Estimates; Declares Interim Dividend
NEXT plc announced that for fiscal 2012, it expects basic earnings per share (EPS) in the range of GBP2.38 to GBP2.58. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of GBP2.34 for fiscal 2012. The Company also announced that interim dividend is being increased by GBP0.02.5 to GBP0.275. This will be paid on January 3, 2012 to shareholders on the register at November 25, 2011. The shares will trade ex-dividend from November 23. For the full year it intend to raise the total of dividends payable by a similar percentage to the growth in basic earnings per share from continuing business. Full Article
NEXT plc Comments On FY 2011 PBT Guidance
NEXT plc announced that the Company's internal full year profit forecast remains in line with previous guidance, before adjusting for the sale of Ventura and its exceptional gain of £36m. Ventura delivered profits of £3m up to the date of sale compared with £8m for the full year last year. The use of the £65m Ventura sale proceeds to buy back NEXT shares means that the sale will be broadly neutral to Earning Per Share. PBT guidance given in May £535m to £585m. Current PBT guidance including Ventura exceptional gain and profit adjustment £566m to £616m. Full Year Estimates - Continuing Business; Current PBT guidance excluding Ventura £527m to £577m Full Article
Capita Group plc acquires Next plc's Customer Services Management Arm Ventura
Capita Group plc announced that it has acquired Ventura, a customer contact specialist for a cash consideration of GBP65 million on a cash-free, debt-free basis. Ventura, the trading name of Club 24 Ltd, is the third party customer services management arm of Next plc and manages more than 50 million customer contacts each year for a range of additional private and public sector clients. Ventura has around 8,000 employees, mainly in Yorkshire, Cardiff, Milton Keynes and Pune, India, who will transfer to Capita. Full Article
EasyJet names John Barton as chairman
LONDON, April 17 - British airline easyJet on Wednesday named John Barton, the chairman of fashion retailer Next, as its next chairman.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
