Sep 29, 2021

Upbeat Next says outlook better than ‘for many years’

Full price sales in the past eight weeks were 20 per cent higher than the same period in 2019, it said. For the second half of its financial year, which runs until the end of January, it had previously forecast a rise of 6 per cent in full price sales. Now, Next reckons it will be up to 10 per cent, with full-year pre-tax profits of up to £800m. That is 6.9 per cent higher than 2019 and £36m above the company's previous guidance.  The longer-term outlook for Next appears to be more positive than it has been for many years", Next says. The UK government is closing in on a deal to force China's CGN to give up a 20 per cent stake in a new nuclear plant.

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