Good morning, and welcome to our rolling coverge of the world economy, the financial markets, the eurozone and business. After an unprecedented year of disruption, UK fashion retailer Next has seen its profits halve. But it’s also boosting its earnings forecast for this year, after strong e-commerce sales in recent weeks. Next, which runs high street stores and sells online, reported this morning that annual pretax profits fell to £342m in the 12 months to January.
Most clothes made with cheap labour from other countries and sweatshops.
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So more vans parking badly?