UK fashion retailer Next on Wednesday lifted full-year profits guidance after a sales rebound in the second quarter.
In an unscheduled trading update, the company said it now expected annual pre-tax profits of £750m, up £30m from previous forecasts and towards the top end of estimates. Total full-price sales rose 18% in the three months to July 17 after the lifting of Covid restrictions and people returned to physical stores.
Next added that it was also repaying £29m in business rates relief after consultation with major shareholders.
