Shares in Next Plc were down more than seven per cent on Thursday on news that the business was anticipating tough months ahead.
The high street giant – which has a reputation for its cautious forecasting and just as cautious sensible forward planning – said despite a good start to 2022 it was cutting its pre-tax profit estimates for the full year by £20 million to £840 million.
In its first half results, the Leicestershire-headquartered retailer said full price sales and pre-tax profits were up more than 20 per cent on the same period pre-Covid in 2019.
