Spread Bet on Next Shares as they Rally Following Q1 Earnings Report
LONDON, May 3, 2012 /PRNewswire/ --
Spread betting with City Index offers investors a world of opportunities across 12,000 financial markets including indices, sectors, currencies and shares - such as Next.
Regardless of a market's direction; you can take a position for a small initial deposit - between 1% and 10% with City Index - with the potential of significant profits.
However, remember that with leveraged trading, you also run the risk of losing more than your initial deposit.
Investor expectations: Next Q1 Earnings
On Wednesday morning, many traders were looking at Next shares as they reported their first quarter results before the UK market opened.
Following an incredible few years; the UK's second largest clothing retailer saw its share price rally from a 2008 low of 780p to 3000p in April 2012, as investors bought into the Next success story.
There was however some pause-for-thought earlier this year when the retailer stated it was being cautious amidst a very uncertain outlook.
The Results: Next Q1 Earnings
The Next first quarter earnings report shows that the UK retailer's total sales had risen 1.4%, with - once again - its directory business helping to boost sales.
To further signify their success; consider that in this period, the retail sales market overall has been hit by a 3.9% fall.
Following the report, Next's share price rallied 2% to trade close at the £30 mark showing that the resilience of these reported numbers is pleasing for shareholders.
Spread Bet on Next Shares
Through a City Index spread betting account, investors can take a position on the Next DFT market with the potential to net tax-free* profits.
Whilst some investors may be skeptical as to how long their success can last, others may see it continuing.
Luckily, through a spread betting account, whatever their outlook; investors can either go long or go short on a market - with the ability to net potential profits regardless of Next's future share price movement.
*Spread betting is exempt from UK stamp duty and Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month in over 50 countries. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting.
We constantly look to improve the performance of our platforms and expand our range of services. The result is our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/ for details.
SOURCE City Index
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