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The Latest Breaking News from Simon Wolfson

Britain’s Next Sees Lower Clothing Inflation, Shares Dip on Cautious Outlook

British fashion retailer Next (NXT.L) reported a better-than-expected 5.7% rise in annual profit on Wednesday and said it would not need to increase prices by as much as previously thought. However, it still expects higher spending on wages, energy and technology to reduce its profit this year, and the retailer's…

Asharq Al-Awsat

Next targets more takeovers as it defies economic turmoil with surging profits

NEXT again showed why it is the king of the high street today with a leap in profits that defy the consumer slowdown and leave it set for more acquisitions of rivals.

Evening Standard

Next share price jumps after positive Christmas trading despite warnings 2023 will be tough

Market analysts say “under-promising and over-delivering” has become a Next hallmark

Birmingham Post

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Joules to shut 19 stores, despite rescue deal by Next and founder

133 jobs are to be lost at the fashion retailer, following its administration

Insider UK

Brexit blues: From Wetherspoon to Next, the company bosses who loved Leave until reality hit

Retail boss Lord Wolfson said this was “not the Brexit he wanted” as the country faces labour shortages

The Independent UK

Tory Brexiteer boss of Next moans this is 'not the Brexit I wanted'

Prominent Leave-backer Lord Wolfson said firms were desperate for labour and urged the Government to loosen immigration rules to help businesses recruit staff

Daily Mirror

Brexit backer and Next boss Lord Simon Wolfson says it was ‘definitely not the Brexit I wanted’

‘We have got people queuing up to come to this country to pick crops that are rotting in fields….and we’re not letting them in’

Birmingham Post

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‘Not the Brexit I wanted’: Next boss calls for more foreign workers in UK

Leave backer Lord Wolfson says UK must let in much-needed overseas workers to plug chronic labour shortages

The Guardian - UK

Brexiteer Next boss says UK needs more foreign workers to help with labour shortage

Lord Simon Wolfson - who campained to Leave - said the current policy is ‘crippling growth’

The Independent UK

Wall Street surges and dollar tumbles as US inflation rate drops to 7.7% – as it happened

Dollar slides and stocks rally in New York on hopes that the Federal Reserve will slow its interest rate rises

The Guardian - UK

Finance, property and mining: the money behind Sunak’s £460,000 leadership bid

Multimillionaire flew on private plane and received more donations than any rivals, including Liz Truss

The Guardian - UK

‘I’d never seen anything like it’: how market turmoil sparked a pension fund selloff

Bank of England stepped in on Thursday to stabilise price of UK government bonds and avert a deeper crisis

The Guardian - UK

What’s Next for Britain? Simon Wolfson’s prediction isn’t cheery

Share price fell 13% after CEO’s warning worst is to come, but scale of uncertainty makes precise projections impossible

The Guardian - UK

Next slashes profit forecasts in bleak warning for the high street

Profits for the year will be £20 million lower at £840 million and sales will fall 1.5%, rather than rise 1% as earlier expected.

Evening Standard

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Evening Standard

A worrying warning from Next boss Simon Wolfson

City Comment: The future is impossible to predict

Birmingham Post

Next Plc suggests Government stimulate economy by cutting projects like HS2 and relaxing migration rules

‘Success through adversity will not depend on our ability to foresee the future…. It will depend on how well we adapt’

The Guardian - UK

Next boss warns of second cost of living crisis in 2023 as pound slumps

Simon Wolfson says currency crisis means inflation, which has soared because of energy prices, may be worse next year

The Guardian - UK

Deliveroo losses soar to £147m as cost of living crisis bites

Food delivery company also announces that Next boss Simon Wolfson has quit its board

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Evening Standard

Next beats gloom with £860m profits forecast

The Next boss said a drop in the number of high street competitors helped boost sales

The Guardian - UK

Next apologises to staff after IT problems cause months of underpaying

Issues with new payroll system led to employees being reportedly underpaid by up to £200 a month

The Guardian - UK

Friday briefing: Is Boris Johnson in the clear over Partygate?

In today’s newsletter: With the announcement Boris Johnson will face no further fines from the Met police, Archie Bland explains where the prime minister stands now

The Guardian - UK

Executive pay system is broken, says Church of England’s pension board

Board calls out excessive pay on day Next approved 50% pay rise for its chief executive

Birmingham Post

Big Interview: Next CEO Simon Wolfson gearing up for 'much tougher year' ahead

‘We’ve never seen anything like this before. We don’t know how it’s going to pan out’

Evening Standard

Next boss Simon Wolfson warns on inflation and labour shortages

NEXT boss Simon Wolfson today warned of “chronic labour shortages” and called on the government to reform the laws that make building new homes so difficult.

The Guardian - UK

Next says prices to rise by 8% in autumn amid ‘chronic’ staff shortages

Pro-Brexit CEO says UK should ‘reverse barriers’ for overseas workers, as Ukraine war also affects forecast

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