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UK's Next Upgrades Profit Forecast On Better-Than-Expected Third Quarter Sales

The company raised its pretax profit guidance by 65 million pounds ($84.7 million) to 365 million pounds, though it expects fourth-quarter sales to be 8% lower than a year ago due to the impact of the pandemic on the high street and pressures on online capacity.

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British Clothing Retailer Next Reopens Online Business

Shares in Next, down 34% so far in 2020, closed Friday at 4,624 pence, valuing the business at 6.1 billion pounds ($7.65 billion).

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