3 FTSE 100 Shares Hitting New Highs: NEXT plc, Land Securities Group plc and InterContinental Hotels Group PLC

NEXT plc (LON: NXT), Land Securities Group plc (LON: LAND) and InterContinental Hotels Group PLC (LON: IHG) break new ground.

| More on:

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

The FTSE 100 (FTSEINDICES: ^FTSE) has been hovering close to setting a new 14-year record all week — all it had to do was beat last May’s peak of 6,876 points. But weak US economic data yesterday sent the index to a 53-point fall by close, and today the top London index is down a further 41 points. That record was looking set to fall, but it’s going to take a bit more time yet.

Meanwhile, we do have some FTSE 100 shares setting their own records. Here are three:

NEXT

NEXT (LSE: NXT) shares reached a new 52-week high yesterday, of 6,425p, before dropping back to 6,350p by close of trading — and today they’re back up a little, to 6,384 by mid-morning.

NEXT’s expectations-busting Christmas trading, together with the announcement of a one-off special dividend of 50p per share earlier this month, certainly helped, and the shares are now up more than 55% over the past 12 months while the FTSE 100 hasn’t even managed 10%.

NEXT is expecting pre-tax profit of £684-700m for the year ending 25 January, for a rise of 10%-12.6%, and basic earnings per share should be up between 21.6% and 24.5%.

Land Securities

A recovering property market along with general economic strengthening has helped Land Securities Group (LSE: LAND) shares to a gain of 28% over the past 12 months, reaching a high of 1,055p yesterday — at the time of writing today the price stands at 1,049p.

The real estate investment trust released a third-quarter statement on 22 January, telling us of “continued high levels of activity across its business“, with a number of developments in London going well and occupancy improving. Demand for retail property in good locations is apparently strong.

InterContinental Hotels

Shares in InterContinental Hotels Group (LSE: IHG) hit a new closing high of 2,038p on Wednesday, and today they’re trading at the 2,034p level.

That gives us a relatively modest 12-month gain of just under 10%, but over five years we’ve seen a rise of better than 250% with the FTSE 100 up just 65%.

The shares are on a relatively high P/E of nearly 22 going forwards, but there is reasonable earnings growth forecast for three years.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

> Alan does not own any shares mentioned in this article.

More on Investing Articles

Investing Articles

Could the JD Sports Fashion share price double in the next five years?

The JD Sports Fashion share price has nearly halved in the past five years. Our writer thinks a proven business…

Read more »

Bus waiting in front of the London Stock Exchange on a sunny day.
Investing Articles

If interest rate cuts are coming, I think these UK growth stocks could soar!

Falling interest could be great news for UK growth stocks, especially those that have been under the cosh recently. Paul…

Read more »

Investing Articles

Are these the best stocks to buy on the FTSE right now?

With the UK stock market on the way to hitting new highs, this Fool is considering which are the best…

Read more »

Petrochemical engineer working at night with digital tablet inside oil and gas refinery plant
Investing Articles

Can the Centrica dividend keep on growing?

Christopher Ruane considers some positive factors that might see continued growth in the Centrica dividend -- as well as some…

Read more »

Smiling family of four enjoying breakfast at sunrise while camping
Investing Articles

How I’d turn my £12,000 of savings into passive income of £1,275 a month

This Fool is considering a strategy that he believes can help him achieve a stable passive income stream with a…

Read more »

Person holding magnifying glass over important document, reading the small print
Investing Articles

2 top FTSE 250 investment trusts trading at attractive discounts!

This pair of discounted FTSE 250 trusts appear to be on sale right now. Here's why I'd scoop up their…

Read more »

Smiling young man sitting in cafe and checking messages, with his laptop in front of him.
Investing Articles

3 things that could push the Lloyds share price to 60p and beyond

The Lloyds share price has broken through 50p. Next step 60p? And then what? Here are some thoughts on what…

Read more »

Young female business analyst looking at a graph chart while working from home
Investing Articles

£1,000 in Rolls-Royce shares a year ago would be worth this much now

Rolls-Royce shares have posted one of the best stock market gains of the past 12 months. But what might the…

Read more »