Thursday preview: Next benefits from festive shopping sales

Hot off the heels of festive trading Next is scheduled to report a strong fourth quarter performance.

Hot off the heels of festive trading Next is scheduled to report a strong fourth quarter performance.

The UK's second-biggest clothing retailer will Thursday unveil its sales results for the Christmas period.

The full year profit before tax estimate was put at £598m by Nomura Equity Research.

The broker predicted the company would deliver full year brand sales of up to 4%, based on data which showed clothing sales were up 6% in November.

Next's trading update follows reports of average trading across the wider retail sector in the run up to Christmas.

Results were boosted by Boxing Day sales as an estimated 10m UK consumers scrambled get their hands on good deals. Next stores opened doors as early as 06:00 on December 26th to deal with demand.

Online sales also soared to unprecedented levels this year with shoppers searching for bargains on retail websites.

"The Next 'formula' is likely to continue - modest space growth, supplemented by good online sales, margin management and share buy-backs imply double-digit total shareholder returns, in our opinion," Nomura said.

FINALS

Sinclair (William) Holdings

TRADING ANNOUNCEMENTS

Next

INTERIM DIVIDEND PAYMENT DATE

Hogg Robinson Group, Homeserve, Sepura, VP

QUARTERLY PAYMENT DATE

GlaxoSmithKline

UK ECONOMIC ANNOUNCEMENTS

Consumer Credit (09:30)

M4 Money Supply (09:30)

M4 Sterling Lending (09:30)

Mortgage Approvals (09:30)

PMI Construction (09:30)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Unemployment Rate (GER) (08:55)

M3 Money Supply (EU) (09:00)

MBA Mortgage Applications (US) (12:00)

Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

Auto Sales (US) (15:00)

FOMC Interest Rate Minutes (US) (19:00)

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
The best investment trusts to buy for 2021
Investment trusts

The best investment trusts to buy for 2021

Sectors ranging from emerging markets to student accommodation look poised to do well this year, says David Stevenson, as he picks the best investment…
19 Jan 2021