Next Reports £1.16bn Profit Despite £15m Middle East Disruption

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UK retailer Next posted full-year pre-tax profits of £1.16bn, absorbing an estimated £15m in extra fuel and freight costs from Middle East conflict disruption. CEO Simon Wolfson added £8m to profit guidance despite ongoing regional tensions. The resilience of major UK retailers like Next supports GBP strength, though prolonged energy price shocks from regional conflicts could weigh on British consumer spending and broader economic outlook.

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