Pct increase in full year pretax profit but forecast a tough and is budgeting for Next

Posted on March 20, 2008
Filed Under Thomson directory |

Alert me when articles match as these words. MUMBAI Thomson Financial Moody’s Investors Service revised its outlook on SEAT Pagine Gialle SpA to negative from stable, saying the action reflects SEAT’s weaker than expected operating and financial performance and lowered guidance. Pct increase in full year pretax profit but forecast a tough and is budgeting for Next Retail’s underlying sales to fall by up to pct in the first half, sending its battered shares over pct lower. MILAN Thomson Financial Seat Pagine Gialle SpA shares were sharply lower midmorning on concern about full year results scheduled on Tuesday and talk that a fund could be selling its stake in the directories company. Don’t dump that old car, donate it. BANGALORE Thomson Financial Moody’s Investors Services said it has affirmed all of RH Donnelley Corp’s ratings, including its B corporate family rating while changing the rating outlook to negative from stable.

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Search real time news stories from Yahoo News and across the web. MUMBAI Thomson Financial Moody’s Investors Service revised its outlook on SEAT Pagine Gialle SpA to negative from stable, saying the action reflects SEAT’s weaker than expected operating and financial performance and lowered guidance. The downgrade also reflects a delay in the expected improvement in credit metrics resulting from the more challenging operating that the Italian directory publisher is facing, and the recent erosion of equity support provided to debtholders as a result of the substantial decline in the market value of the company’s equity. Moody’s affirmed all of SEAT’s ratings, including the Ba corporate family rating and the B rating on the company’s.

Bln eur pct senior notes due issued by Lighthouse International Company SA. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. Is authorised and regulated by the Financial Services Authority. Registered in England with Company Registration number. We may record and or monitor telephone calls or intercept other telecommunications between us. ROUNDUP Next FY profit up pct but says will be tough.

Pct increase in full year pretax profit but forecast a tough and is budgeting for Next Retail’s underlying sales to fall by up to pct in the first half, sending its battered shares over pct lower. The group is basing its internal budgets for the first half to end July on Next Retail like for like sales being down pct and Next sales being flat to up pct.

In the current year Next expects occupancy costs will continue to rise as a percentage of sales because of the negative like for like sales. With cost savings unlikely to outweigh these increases it is forecasting a net operating margin decline for Next Retail of about pct to. The group’s priorities for the current year are to maintain quot. He is adamant Next will not chase sales in a tough market by cutting prices, nor compromise on product quality to achieve lower price points.

More importantly, what we’re not going to do is de value the of our product in order to achieve price points, quot.

The UK market is a very broad market and there will always be people that can offer inferior quality product at lower prices than Next.

I think it would be a mistake for us to chase those lower prices and devalue our products.

For the year to end Jan the group made a pretax profit of mln stg in line with guidance of mln stg and up from mln stg in the previous year.

The outcome reflected a robust from Next Directory, which saw profit increase. Pct, and good cost control throughout the group. This year it plans another, sq ft. In contrast analysts at Panmure Gordon repeated their sell recommendation. It has lost its sparkle and its previous knack of putting a twist on current trends.

This leaves its womenswear ranges looking expensive and predictable at a time when customers are being more careful with their cash. Meanwhile, Next also updated on its overseas ambitions. Dividend announcements, meetings Earnings, profit forecasts Roundup.

Interactive Investor Trading Limited, trading as quot. Registered in England with Company number. We may record and or monitor telephone calls or intercept other telecommunications between us. .

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