Shares in high street fashion retailer Next were up more than 7 per cent this morning on the back of a strong Christmas and despite warnings that things would be tough in 2023.
The group’s share price was up around 400p at 6,500p – which is well up on a recent low of around 4,400p in mid-October.
Announcing its festive trading figures the Leicestershire-based group said its 2022 pre-tax profits would be better than expected, up 4.5 per cent on 2021 at £860 million – against the £840 million it predicted in November.
