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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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Mastercard, NCR Atleos, and ITCard to Enhance Contactless Experiences at ATMs
Mastercard with NCR Atleos and ITCARD are enabling cash to be securely withdrawn at contactless ATMs
Paytently and Mastercard Partner to Launch Next- Generation Open Banking Payment Solution
Paytently has launched Paytently Open Banking powered by Mastercard Open Finance streamlining payments end-to-end
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botim announced a partnership with the Commercial Bank of Ethiopia to deliver secure, convenient remittance solutions for Ethiopians in the UAE
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