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Next sees first annual profit fall in eight years
Next has reported its first fall in annual profit for eight years and warned of "another tough year ahead". Pre-tax profit at the clothing and homeware retailer dropped 5.5% from �836.1m to �790.2m last year.
Next profits fall for first time in eight years  
Next annual profits show first fall for eight years  
Market Chart
7,317.89 -6.83 (-0.09%)
18,830.51 -2.43 (-0.01%)
3,981.32 -2.92 (-0.07%)
4,399.67 -3.87 (-0.09%)

Top stories

The state pension age should increase to 68 by 2039 and the triple lock guarantee should be scrapped during the next Parliament, an independent review recommends.
The company has suffered from a rise in costs since the post-referendum fall in sterling amid a generally lacklustre UK footwear market.
Chinese shoppers increased their spending 103% in the UK, accounting for 33% of tax-free shopping, The Times reported. Owing to the fall in pound and tax-free buying, the total international UK tax-free spending has increased 55%.
We have long known there is no such thing as a free lunch, but now it seems there is no such thing as a free coffee either. Waitrose is changing its offer for loyalty card members so they will have to buy something before being able to claim a "free ...
Kier Group enjoyed a 12pc jump in profits in the second half of 2016 as it shrugged off the difficulties faced by other construction companies since the vote to leave the European Union.

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