Shares in focus: Next is a rare star in the retail sector

Fashion retailer Next has been an exception to the rule of the declining high street. Phil Oakley investigates to see if the shares are still worth buying.

Clothes merchant Next has done well, but the shares are fully valued, says Phil Oakley.

Given the doom and gloom that has engulfed Britain's retailers over the last decade, you could be forgiven for thinking that the sector is a definite no-go area for investors. In a broad sense this is probably true. But like lots of things in life there are exceptions to the general rule.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.