Fashion retailer Next saw its stock decline in early trading after cautioning investors about sluggish economic growth in its primary U.K. market and choosing not to raise its annual forecast, contrary to some analysts’ expectations. n nDuring morning trading, shares of the London-based company dropped 6.6%, settling at 11,210 pence. Despite this dip, the stock has still gained nearly 18% so far this year, reflecting resilience amid broader economic challenges. n n— news from The Wall Street Journal
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Next Shares Slide on Weakening U.K. Economic Outlook, Absence of Guidance Upgrade
Shares in fashion retailer Next fell in opening trade after it warned of anemic economic growth in its core U.K. market and opted against upgrading its full-year guidance, defying the expectations of some market watchers. n nIn morning trade, London-listed shares in the company were down 6.6% at 11,210 pence. They remain up nearly 18% in the year to date.