Breaking News
“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.”
- EXCLUSIVE: “Leaning In and Stepping Up” – Radha Suvarna, Finastra in ‘The Paytech Magazine’ Read more
- Pikl Pioneers a New Category of Insurance-Enabled Business Models, Earning it 20% UK Short-Term Rental Market Share Read more
- Australian Fintech Sector to Be Worth $71 Billion by 2035 Read more
- Huawei Announces Expansion of Curve Pay Contactless Payments Across Huawei Watch Devices Read more
- Globant and Adyen Establish Global Partnership to Accelerate Merchant Payment Integrations and Time to Revenue Read more
Pikl Pioneers a New Category of Insurance-Enabled Business Models, Earning it 20% UK Short-Term Rental Market Share
Pikl announced that it has achieved 20% market share in the UK short-term rental market – the first industry in which its insurance-enabled growth solutions have been delivered
Australian Fintech Sector to Be Worth $71 Billion by 2035
Australia's fintech sector currently supports more than 109,200 full-time jobs and revenue could grow to be worth $71 billion within the next decade
Huawei Announces Expansion of Curve Pay Contactless Payments Across Huawei Watch Devices
Consumer technology pioneer Huawei is thrilled to announce the integration of Curve Pay across its wearables portfolio in Europe
Globant and Adyen Establish Global Partnership to Accelerate Merchant Payment Integrations and Time to Revenue
Globant will serve as a strategic integration partner for Adyen, helping clients streamline payment system integrations, and expand their payment capabilities across global markets
At-Bay Launches Post-Cyber Event Hardening Service, Targeting Unresolved Vulnerabilities That Drive Repeat Claims
At-Bay has launched Post-Cyber Event Hardening, a new post-claim service available to eligible policyholders that delivers up to 100 hours of hands-on security remediation
Tide Appoints Bernie Miles as CDTO to Help Tide Accelerate at Scale
Tide has appointed Bernie Miles as CDTO and will help steer Tide’s progression into a full service business management stack
Zopa Bank Delivers £65 Million Profit in 2025 Cementing Its Position in Everyday Banking
Zopa, the British digital bank pioneer with just under 2 million customers, today reports its third full year of profitability
EXCLUSIVE: “Leaning In and Stepping Up” – Radha Suvarna, Finastra in ‘The Paytech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Pikl Pioneers a New Category of Insurance-Enabled Business Models, Earning it 20% UK Short-Term Rental Market Share
Pikl announced that it has achieved 20% market share in the UK short-term rental market – the first industry in which its insurance-enabled growth solutions have been delivered
Australian Fintech Sector to Be Worth $71 Billion by 2035
Australia's fintech sector currently supports more than 109,200 full-time jobs and revenue could grow to be worth $71 billion within the next decade
Huawei Announces Expansion of Curve Pay Contactless Payments Across Huawei Watch Devices
Consumer technology pioneer Huawei is thrilled to announce the integration of Curve Pay across its wearables portfolio in Europe
Globant and Adyen Establish Global Partnership to Accelerate Merchant Payment Integrations and Time to Revenue
Globant will serve as a strategic integration partner for Adyen, helping clients streamline payment system integrations, and expand their payment capabilities across global markets
At-Bay Launches Post-Cyber Event Hardening Service, Targeting Unresolved Vulnerabilities That Drive Repeat Claims
At-Bay has launched Post-Cyber Event Hardening, a new post-claim service available to eligible policyholders that delivers up to 100 hours of hands-on security remediation
Tide Appoints Bernie Miles as CDTO to Help Tide Accelerate at Scale
Tide has appointed Bernie Miles as CDTO and will help steer Tide’s progression into a full service business management stack