Next shrugs off soggy summer with sales rise

High street clothing chain expects more profit despite wet start to summerNext has shrugged off a damp start to the summer with better than expected sales at its high-street stores.Shares in the company rose more than 8% to £60.76 after it upped annual profit expectations by £10m to £725m as full-price sales rose by 4% in the three months to 27 July. The company had expected a 0.5% fall. Continue reading...