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 · Mar 29, 2023

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 · Mar 29, 2023

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 · Jan 5, 2023

‘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 · Nov 10, 2022

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 · Nov 10, 2022

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 · Nov 10, 2022

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 · Oct 29, 2022

‘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 · Sep 29, 2022

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 · Sep 29, 2022

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 · Sep 29, 2022