Daily business briefing March 27: Budget reaction, Next profits and Dragon's Den investment
By Mark Morris
Published 27th Mar 2025, 09:05 GMT
Updated 27th Mar 2025, 09:10 GMT
Next's profits have surpassed £1 billion despite worries that budget measures could impact consumer confidence. Travelodge and Morrisons also report strong sales figures.
Next has revealed an annual profit haul of more than £1 billion.
The retailer's hiked its outlook for the year ahead - despite worries over the impact of Budget measures on consumer confidence.
Meanwhile, Travelodge annual sales have edged higher.
The budget hotel brand says consumers prioritised experiences and leisure trips were bolstered by events like the Six Nations rugby and Crufts.
Morrisons sales jumped to £4 billion in its most recent quarter.
The news comes just days after it said hundreds of its staff are facing redundancy.