Next Plc said the conflict in the Middle East will add £15 million ($20 million) of costs, taking the shine off another upward nudge to the UK retailer’s profit guidance. The fashion and homeware company now expects £1.21 billion of pretax profit this year, according to a statement Thursday, slightly higher than its January forecast of £1.2 billion. The added costs related to the Iran war have bee...
Next Plc said the conflict in the Middle East will add £15 million ($20 million) of costs, taking the shine off another upward nudge to the UK retailer’s profit guidance. The fashion and homeware company now expects £1.21 billion of pretax profit this year, according to a statement Thursday, slightly higher than its January forecast of £1.2 billion. The added costs related to the Iran war have been offset by savings elsewhere, Next said, though it warned it would raise prices if the conflict extends longer than three months. Led by Chief Executive Officer Simon Wolfson , Next has a habit of setting forecasts it subsequently raises, doing so five times for its last fiscal year. Shares of Next soared 44% in 2025, as its network of 500 stores bucked a largely moribund UK retail sector hit by higher taxes and inflation. The stock is down 12% so far this year.
Spin-offs are a way for CEOs to unleash growth and unlock shareholder value; this is a look at five spin-offs that are getting bullish attention from analysts.
Spin-offs are a way for CEOs to unleash growth and unlock shareholder value; this is a look at five spin-offs that are getting bullish attention from analysts.
Data analytics company Palantir Technologies (PLTR) and privately-held defense technology company Anduril Industries are part of the consortium that is developing software for U.S. President Donald Trump’s planned $185 billion Golden Dome antimissile shield project, the Wall Street Journal reported. PLTR stock was up 1.25% in Tuesday’s after-hours trading. Palantir stock has declined 13% year-to-d...
Data analytics company Palantir Technologies (PLTR) and privately-held defense technology company Anduril Industries are part of the consortium that is developing software for U.S. President Donald Trump’s planned $185 billion Golden Dome antimissile shield project, the Wall Street Journal reported. PLTR stock was up 1.25% in Tuesday’s after-hours trading. Palantir stock has declined 13% year-to-date, but has risen about 60% over the past year. Palantir and Anduril Are Working on Golden Dome Sof
Swedish fast-fashion retailer Hennes & Mauritz AB first-quarter sales fell short of expectations even as it beat operating profit estimates thanks to cost controls in a quarter plagued by weak consumption and large currency effects. Operating profit for the fiscal first quarter ended February was 1.51 billion kronor ($161.7 million), above the 1.4 billion kronor expected by analysts. Net sales tot...
Swedish fast-fashion retailer Hennes & Mauritz AB first-quarter sales fell short of expectations even as it beat operating profit estimates thanks to cost controls in a quarter plagued by weak consumption and large currency effects. Operating profit for the fiscal first quarter ended February was 1.51 billion kronor ($161.7 million), above the 1.4 billion kronor expected by analysts. Net sales totaled 49.6 billion kronor, compared with forecasts of 50.46 billion kronor. H&M said group sales in the month of March are expected to increase by 1 percent in local currencies compared with the same month in the previous year. Chief Executive Officer Daniel Erver , who took over in 2024, has prioritized operational stabilization following several years of execution challenges. Measures to reduce inventory levels and increase full-price sales have contributed to a recovery in profitability, with margins improving from around 3% in 2022 to 8% in 2025. But the latest results reinforce concerns about H&M’s ability to revive sales growth. The retailer faces pressure from both ends of the global apparel market — low-cost players such as Shein and Primark, and faster-moving rivals like Zara-owner Inditex SA , which thanks to its lower inventory levels and shorter product cycle has been more resilient. For the five weeks to March 8, Inditex’s sales grew as much as 9% on a constant-currency basis. Read More: Zara Owner Inditex Boosts Capex After Strong Start to Its Year
Many people tout the benefits of opening a Roth IRA to avoid any taxation on capital gains, dividends, and withdrawals. While you pay taxes upfront, the argument is that all of the gains you'll generate in this plan will justify doing so. However, some people actually end up losing money with Roth IRAs and could have grown their nest eggs much faster with traditional IRAs. There are a few reasons ...
Many people tout the benefits of opening a Roth IRA to avoid any taxation on capital gains, dividends, and withdrawals. While you pay taxes upfront, the argument is that all of the gains you'll generate in this plan will justify doing so. However, some people actually end up losing money with Roth IRAs and could have grown their nest eggs much faster with traditional IRAs. There are a few reasons why you may want to think twice before opening up a Roth IRA. Image source: Getty Images. Continue reading
A joke made on a major US talk show has triggered backlash just as BTS prepares for a high-profile American television return – prompting a swift apology from a comedian caught at the centre of the controversy. Seth Herzog, a resident comedian on The Tonight Show Starring Jimmy Fallon, came under fire after making an improvised remark during a Wednesday taping. While warming up the audience, Herzo...
A joke made on a major US talk show has triggered backlash just as BTS prepares for a high-profile American television return – prompting a swift apology from a comedian caught at the centre of the controversy. Seth Herzog, a resident comedian on The Tonight Show Starring Jimmy Fallon, came under fire after making an improvised remark during a Wednesday taping. While warming up the audience, Herzog asked, “Anyone here from the North?” – a line reportedly intended as a general question about...