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LONDON BRIEFING: Next cautious on outlook even as its raises guidance
Thu, 6th May 2021 08:15
(Alliance News) - UK clothing and homewares retailer Next on Thursday remained as dour as ever on Thursday, even while boosting its full-year profit guidance following a strong first quarter.
Investors were more positive. Next shares were up 1.9% in early trade.
Next said full price sales were down 1.5% in the 13 weeks to May 1 on two years ago, before the Covid-19 pandemic, which the company said was a more meaningful comparison.
The FTSE 100 constituent said it had assumed full-price sales during period would be down 10%, but beat this forecast by GBP75 million. Next raised its central guidance for full-year pretax profit by GBP20 million to GBP720 million.
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Chicago, Illinois–(Newsfile Corp. – April 19, 2021) – Madison Industries, one of the world’s largest privately held companies, announced today an agreement to acquire Nortek Air, a leader in providing critical air management, thermal and HVAC solutions. The deal adds strong Nortek brands such as Broan, NuTone, Reznor, StatePoint, Zephyr, Huntair and many others to Madison’s robust portfolio of indoor air quality solutions.
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Try refreshing your browser. Madison Industries Agrees to Acquire Nortek Air to Bolster Indoor Air Quality Offering Back to video
“The global pandemic has put a spotlight on the importance of indoor air quality,” said Madison founder, Larry Gies. “The Nortek Air businesses perfectly complement our portfolio of companies that provide solutions to improve the quality of indoor air. Our mission is to make the world safer, healthier and more productive and the addition of Nortek Air
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