Fashion retailer Next has issued a trading statement increasing its full-year profits guidance after achieving a 4% improvement in second-quarter sales. The increase confounded the company’s expectation of a 0.5% reduction and it now anticipates a 3% increase in the second half of the year, up from its previous guidance of a 1.7% rise. Next now expects full-year pre-tax profits of £725m - £10m higher than its last forecast.
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