Next: Boss of FTSE 100 giant rewarded after £1bn profit April 10, 2025 The chief executive of FTSE 100 giant Next took home almost £5m as the high street icon’s profit surged to more than £1bn for the first time. Lord Simon Wolfson took home a total pay packet of £4.72m for the Leicester-headquartered retailer’s latest financial year, up from £4.63m. The CEO’s remuneration package included a salary [...]
Will Trump tariffs end up helping Next, M&S and Dunelm? April 8, 2025 UK heavyweights who aren’t exposed to the US market, like Next and M&S, may end up seeing some silver linings from Trump’s tariffs, according to analysts. Only a few UK retailers – namely JD Sports, Doc Martens and Burberry – sell to the states and produce in eastern Asia. Berenberg analysts said that positives from [...]
Soho House accuses Next of copyright in new lawsuit over furniture April 2, 2025 Soho House has accused Next of copyright infringements over selling furniture that"closely resembled" that of Soho Home
FTSE 100 retail giant Next passes £1bn profit milestone for the first time March 27, 2025 Next has joined a small group of UK retail companies in reporting more than £1bn in annual profit. The high street bellwether told markets this morning that its profit before tax for the year to January 2025 was £1.01bn, up 10.1 per cent year on year. Its share price rose more than eight per cent [...]
High street giants facing shareholder revolt over low wages March 27, 2025 Investor groups and City giants have teamed up to target high street giants Next, M&S and JD Sports with shareholder resolutions over their low wages. Seven institutional investors managing over £1 trillion in assets have joined the campaign, including Axa, Scottish Widows and the Greater Manchester Pension Fund. The campaign is being led by responsible [...]
Watchdog brands Next ad ‘irresponsible’ on body image concerns February 12, 2025 The UK’s advertising watchdog has upheld a complaint that Next used an “unhealthily thin” model to advertise a pair of leggings online. The ruling comes just weeks after the All-Party Parliamentary Group on Eating Disorders published a report describing the “alarming” rise in disorders such as anorexia and bulimia over the past decade, adding that [...]
St James’s Place and Next help FTSE 100 to another all-time high January 31, 2025 The FTSE 100 has hit another all-time high this morning, with the index up five per cent since the start of 2025. London’s main index rose 0.46 per cent this morning before dropping back slightly, while the more domestically focused FTSE 250 jumped 0.53 per cent. “Given the volatility this week on Wall Street as [...]
Next CEO backs Lords battle against National Insurance tax rise January 29, 2025 The chief executive of retail giant Next has backed an attempt in the House of Lords to change the planned change to employer’s National Insurance Contributions (NICs). Lord Wolfson has supported amendments to the bill which have been tabled by Baroness Noakes. In Labour’s Budget last Autumn, Chancellor Rachel Reeves said that the government would [...]
Next: Lord Wolfson warns Budget will make it ‘harder’ to enter workforce January 17, 2025 The boss of retail giant Next has warned that tax rises announced in the Budget will make it “harder and harder for people to enter the workforce”. Lord Wolfson told the BBC that the government’s move to hike national insurance (NI) would disproportionately hit entry-level jobs. “The axe has fallen particularly hard on those entry-level, [...]
Next: FTSE 100 retailer hikes profit guidance but warns on costs January 7, 2025 Retail industry bellwether Next has upgraded its profit outlook for the year after sales and growth exceeded expectations during the Golden Quarter. The FTSE 100 company hiked its expected profit by five per cent as sales jumped six per cent in the nine weeks to 28 December, nearly double its previous guidance of 3.5 per cent. [...]