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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 LIVE: Next shares surge after festive upgrade, JD Sports tumbles on profit warning

Next City (Geopolitical Entity)

High street giant Next delighted the City today by revealing a Christmas trading performance well ahead of expectations.

The chain increased its profit guidance by £20 million to £905 million after full price sales for the nine weeks to 30 December rose 5.7% compared with 2% forecast.

In contrast, JD Sports Fashion warned profits will be short of expectations due to the impact of mild autumn weather and greater than expected promotional activity.

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