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LON100:NXT, Jul 15, 10:47 UTC

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Wednesday, June 17


News

Credit Suisse NEXT Investors' Portfolio Companies, LUX FTS and NorthPoint, Merge to Form Portfolio BI

NXT

"Firms today require a highly configurable platform that supports a wide range of assets, transaction types, strategies, third-party vendor data, and workflows. Our solutions empower users to quickly and easily set up new dashboards, visualizations, data browsers, and reports with the necessary data governance to ensure accuracy and integrity of the underlying data," said Jeremy Siegel, CEO of Portfolio BI. "Portfolio BI's complete software offering will create tremendous value and streamline processes for buy-side managers. We are thrilled to be part of the union of LUX FTS and NorthPoint to better serve our clients and the investment industry." Alan Freudenstein, Co-Head and Portfolio Manager of NEXT Investors at Credit Suisse Asset Management said, "With the merger of LUX FTS and NorthPoint, Portfolio BI is able to provide a front-to-back, integrated solution for an expanded client base that now includes multi-asset class asset managers in addition to equity managers. The combined entity will also allow Portfolio BI to further scale its business through cross-selling opportunities, ultimately providing access to a larger addressable market." Candice Sun, Credit Suisse, +1 (212) 325-8226, [email protected] Portfolio BI, [email protected]. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. The registered shares (CSGN) of Credit Suisse AG's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York.

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Thursday, June 11


News

FormFree Director of Partner Relationships Christy Moss, CMB, Honored by NEXT Mortgage Events' Inaugural 50 Over 50 Awards Program

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Moss was recognized for her industry contributions as a mortgage banker, change-maker at government-controlled mortgage finance giant Fannie Mae and advocate for digital transformation at FormFree. A 30-year veteran of the mortgage industry, Moss got her feet wet holding advanced positions in the correspondent lending divisions of such financial institutions as CitiMortgage, Wachovia and GE Capital Mortgage Services. From 2015 to 2019, she focused on driving lender and partner adoption of technologies designed to improve the borrower experience and increase lender profitability in her role as strategic business and relationship manager. "Christy shares FormFree's passion for leveraging mortgage technology to increase lender productivity and transform home buying into a stress-free, digital experience for consumers," said FormFree CEO Brent Chandler.

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Tuesday, June 02


News

These are all the shops reopening in June - such as Debenhams, Next and Primark

DEB NXT

Further lockdown restrictions are now starting to be eased across England following the government’s latest review on May 28, including plans to reopen shops. Prime Minister Boris Johnson has said the reopening of non-essential retailers is dependent on the following of new Covid-19 secure guidelines, to keep both shoppers and workers safe. Dunelm, Matalan, IKEA, DFS, ScS and Furniture Village also began gradually reopening branches to customers at the end of May, after the UK government clarified its definition of “essential” retailers to include homeware stores. Poundland has also reopened more than 70 of its stores across the UK, with new social distancing measures in place in an effort to keep shoppers safe. What about other non-essential shops? While outdoor markets and car showrooms can reopen from 1 June, all other non-essential stores have a slightly longer wait.

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Monday, May 11


News

Airlines are racking up billions in debt to get through COVID-19. Can they survive what comes next?

NXT AAL

Airlines had few choices, but what happens when the bills come due for all the new borrowing? For Fort Worth-based American, its debt load totals around $40 billion. Airlines are looking at significantly lower profits for years to come as a combination of health concerns and a deepening recession is predicted to keep many travelers off airplanes until 2022 and beyond. And carriers will have to use more of that profit to pay off loans taken due to the COVID-19 pandemic. Growing debt at American. Even before the COVID-19 pandemic became an international crisis, American was carrying nearly $30 billion in debt dating back to before its 2011 bankruptcy and subsequent merger with U.S. Airways. American has the lowest profit margin of any of the major airlines and the most employees and planes. But American’s revenue nearly doubled in 2019 to $45.8 billion compared to previous highs before the Great Recession and more passengers than ever were flying.

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Thursday, May 07


News

Next to open beauty halls in former Debenhams stores

DEB NXT

There'll be a new name in beauty appearing at shopping centres after the lockdown ends. Next has snapped up space in five former Debenhams stores to extend its online Beauty concept to bricks and mortar. Next said it is also in discussions for a "small number" of further sites, as it continues to grow its beauty business. The beauty halls from Next will replace Debenhams' beauty halls in Hammerson's centres while the property owner looks at opportunities to fill the other empty floors of the former department stores.

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News

Next to launch new beauty hall concept in former Debenhams stores

DEB NXT

The fashion retailer said it has agreed a deal with retail landlord Hammerson for the new beauty hall sites, as fashion stores remain closed amid the coronavirus lockdown. The high street stalwart said it is working with its retail teams and brand partners to ensure its stores adhere to Government social distancing guidelines and are safe for customers and staff when they open. Simon Wolfson, Next’s chief executive, said: “This is an exciting opportunity to work with existing and new beauty brand partners to create a new force in beauty retailing – bringing our online business to life through premium store environments in some of the UK’s most important retail locations.”. “The Beauty Hall from Next is a great concept and it’s a real vote of confidence in our flagship destinations that Next has chosen these locations to launch its new offer.”.

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News

Next to open beauty halls in former Debenhams stores

DEB NXT +1 more DEB NXT HMSO

There'll be a new name in beauty appearing at shopping centres after the lockdown ends. Next has snapped up space in five former Debenhams stores to extend its online Beauty concept to bricks and mortar. Next said it is also in discussions for a "small number" of further sites, as it continues to grow its beauty business. The beauty halls from Next will replace Debenhams' beauty halls in Hammerson's centres while the property owner looks at opportunities to fill the other empty floors of the former department stores.

Read Full Details

Story Sources

bbc.com rli.uk.com
Topics:
  • Business
  • Financial
News

Next to launch new beauty hall concept in former Debenhams stores

DEB NXT

The fashion retailer said it has agreed a deal with retail landlord Hammerson for the new beauty hall sites, as fashion stores remain closed amid the coronavirus lockdown. The high street stalwart said it is working with its retail teams and brand partners to ensure its stores adhere to Government social distancing guidelines and are safe for customers and staff when they open. Simon Wolfson, Next’s chief executive, said: “This is an exciting opportunity to work with existing and new beauty brand partners to create a new force in beauty retailing – bringing our online business to life through premium store environments in some of the UK’s most important retail locations.”. “The Beauty Hall from Next is a great concept and it’s a real vote of confidence in our flagship destinations that Next has chosen these locations to launch its new offer.”.

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  • Business
  • Financial
News

Next snaps up Debenhams beauty halls

DEB NXT

The new concept will be launched in five flagship locations at Hammerson shopping centres, where Debenhams is to close stores after failing to agree terms. The retailer is looking to hire ”experienced staff with proven premium beauty retail experience” so it’s likely that many of the former Debenhams staff will secure a position. Next currently sells over 200 beauty brands on next.co.uk, including Estee Lauder, Clinique, Benefit, Origins, The Ordinary, GHD, Dermalogica, Aveda, Illamasqua, Elemis, Burberry, By Terry, Rituals, L’Occitane, Bvlgari, Emporio Armani and Boss and additional premium brands including Bobbi Brown, YSL, Lancôme and Nars through its sister site Fabled.com. Simon Wolfson, Next’s chief executive said: “This is an exciting opportunity to work with existing and new beauty brand partners to create a new force in beauty retailing - bringing our online business to life through premium store environments in some of the UK’s most important retail locations.”.

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Wednesday, April 29


News

NEXT Trucking Mitigates COVID-19 Challenges Across Supply Chain

NXT

Addresses Drayage, Capacity and Storage Concerns for Shippers of Essential Goods. EL SEGUNDO, Calif.--(BUSINESS WIRE)-- NEXT Trucking, a FreightTech pioneer that connects shippers and carriers, has been instrumental in executing supply initiatives for many of America’s largest shippers, offering innovative drayage solutions, flexible storage and transloading facilities and on-demand capacity. As companies alter their supply chains, NEXT has served BCOs, steamship lines, terminals, and 3PLs, with flexible solutions that meet the needs of a rapidly shifting landscape. One of the largest online retailers in America saw a capacity shortage limiting its ability to move goods from distribution centers into local facilities. NEXT met its client’s needs within a day, using NEXT’s hybrid model to coordinate deliveries throughout the U.S. A top 5 U.S. pharmacy has been relying on NEXT to address all of its drayage needs. As a result of partnerships with terminals at the Ports of Los Angeles and Long Beach, NEXT can offer its shippers access to goods three to five days faster than other solution providers, allowing this client to ensure all of the essential products its customers need are available.

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  • Financial
  • Science