Next share price rises after it adjusts up its profit expectations

 
Billy Ehrenberg
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Next has revised up its annual profit expectations (Source: Wikipedia)

Things are looking good for Next, as the high-street retailer revised its full-year profit guidance after a strong first half.

Next saw increases across the board: directory sales were up 16.5 per cent and retail sales 7.5 per cent. All sales across the brand were up 10.7 per cent.

The company now expects its pre-tax profit to come in at £775m - £815m up from £750m - £790m.

With such bullish news, it was little surprise that shares rose; quickly jumping above two per cent.

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