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flag UK retailer Next faces £15M cost hit from Iran conflict and warns of potential price hikes.

flag UK retailer Next reported a £15 million cost hit from the Iran conflict due to higher shipping and fuel prices. flag While the company has offset these costs to maintain its profit forecast, it warned that if the war lasts longer than three months, it may be forced to raise prices. flag Sales in the Middle East have dropped 10% to 20%, and international growth forecasts have been revised downward.

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