Next sees profits top £1bn and raises outlook in spite of Budget impact

Yorkshire Post

Next has revealed an annual profit haul of more than £1 billion and hiked its outlook for the year ahead despite worries over the impact of Budget measures on consumer confidence. The high street retail giant, which has 457 stores across the UK, reported pre-tax profits of £1.01 billion for the year to January, up 10.1% on a year earlier. #Next

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00:00Hello, I'm Greg Wright of the Yorkshire Post, and here are your business headlines for today.

00:06The retailer Next has announced an annual profit haul of more than £1 billion and increased

00:13its outlook for the year ahead, despite worries over the impact of the budget on consumer

00:18confidence. Next reported pre-tax profits of £1.01 billion

00:23the year to January, which is up by 10.1% on a year earlier.

00:29It said trading had been better than expected in the first eight weeks since its year-end,

00:33helping it to raise its guidance for 2025-26.

00:37So, a positive trading update today from Next, one of the biggest names in retail in Britain.

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