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“Disastrous Next Update sees Retailer’s Shares Plummet”, Commentary from ayondo
Jordan Hiscott, Chief Trader at ayondo Markets: “Disastrous Next update sees retailer’s shares plummet”
“This morning’s technical profit warning from Next sums up an absolutely disastrous update from the retailer, littered with negative guidance. After announcing that sales for the trading period to Christmas Eve, which accounts for the majority of its fourth quarter, fell 0.4%, the company indicated that the cost of a weak Sterling would push their prices up by 5%.
“Next has cut its 2017-2018 profit forecast to a range of £680million-£780 million, below analyst estimates of £784 million. Unsurprisingly, shares have moved in a disorderly fashion to a recent low of 4090p. To put this into perspective, shares for the high street retailer have dropped almost 50% from the high of 8175p made in December 2015.”
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CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
Mobey Forum’s Fraud Expert Group has published a new report, Rethinking Fraud in a Connected World: Trust, Collaboration, and Resilience in the Digital Ecosystem, exploring how fraud is evolving beyond traditional banking threats and why stronger collaboration across industries is becoming essential.
SumUp Launches in Canada
SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
European Fintech Association Elects New Board of Directors
The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
G+D: Navigating the Future of Fintech Agility and Innovation
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Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
Connect IFA Ltd is pleased to announce key leadership appointments designed to strengthen its commitment to growth and enhance the support it provides to advisers and network members.
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