Next reports £1bn in annual profits for first time but warns on UK economy
Retailer says big business cannot afford to finance ‘excessive regulation’ and government debtNext has rung up £1bn in annual profits for the first time but warned of growing risks to the UK economy, saying big business could not afford to finance “excessive regulation” and government debt.The retailer said pre-tax profits rose 10% to just over £1bn, before one-off items including a £15m pension charge, in the year to January after sales rose 8.2% to £6.3bn, led by strong overseas growth and sales of other brands. Continue reading...
admin
0
1
Retailer says big business cannot afford to finance ‘excessive regulation’ and government debt
Next has rung up £1bn in annual profits for the first time but warned of growing risks to the UK economy, saying big business could not afford to finance “excessive regulation” and government debt.
The retailer said pre-tax profits rose 10% to just over £1bn, before one-off items including a £15m pension charge, in the year to January after sales rose 8.2% to £6.3bn, led by strong overseas growth and sales of other brands. Continue reading...
