Forecast for full-year profits is increased to £825m after sales rise of 3.3% in the six months to 25 July

Next has increased its profit expectations for the year by 2% after warm weather helped to increase sales.

Shares in the clothing and homewares retailer rose 2% to £76.55, close to a five-year high, as it said total sales were up by 3.3% in the half-year to 25 July. Previously, Next’s chief executive, Simon Wolfson, had predicted sales would increase by between 0% and 3%.

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Source: The Guardian Circular Economy RSS