Analyst Research Report Snapshot

Title:

NEXT - STICKING TO THE KNITTING

Price:

$10.00

Provider:

Edison Investment Research

Date:

27 Mar 2009

Pages:

2

Type:

AcrobatPDF

Companies referenced:

NXT.L

Available for Immediate Download
Summary:

Next’s figures have come in in-line, which in itself is a positive. By refusing to join in the discounting stampede before Christmas, the group has been able to protect some of the downside pressure on margins. This helped cash flow and net debt is now coming down faster than we anticipated, despite the share buyback. We regard the shares as representing a fairly safe haven within the retail sector. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 3077 5713 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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