Christmas sales boost lifts Next's profit forecast

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Christmas sales boost lifts Next's profit forecast
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Next lifts profit forecast after Christmas sales boost

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The company's full-price sales rose by 5.2% from 27 October to 28 December, 1.1% ahead of its own expectations.The firm now expects an annual profit of £727m, up by £2m - and an increase of 0.6% on the last year.Next is the first of the big UK retailers to report on how trading went over Christmas, which is a crucial trading period for the sector.

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