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flag UK retailer Next boosts 2025 profit outlook but warns of slower growth due to rising costs.

flag UK retailer Next has raised its annual profit outlook for the fourth time, now predicting a pre-tax profit of £1.01 billion for the year ending January 2025, up from £1.005 billion, due to a 6% rise in full-price sales. flag However, Next warns of slower growth in 2025, expecting sales to grow by 3.5% and profits to increase by 3.6% to £1.05 billion, due to rising wage costs and increased taxes. flag The company plans to offset these costs with a 1% price hike and operational savings.

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