High street giant Next sank to the bottom of the London market today after it spooked investors with a warning over disappointing August and September sales.
The retailer reported a better-than-expected start to the year, with a 10% jump in first-half profits to £251 million, but this was overshadowed by the ominous warning over current trading.
Next shares fell 6% or 198p to 3380p as the wider FTSE 100 Index struggled to make progress, sitting broadly flat at 5785, as traders nervously awaited a key policy announcement from the US Federal Reserve.
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