FTSE LIVE: Pound under pressure; Next and Ted Baker profits slip

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FTSE LIVE: Pound under pressure after latest Brexit twist; Next boss brushes off no-deal fears; Ted Baker profits tumble amid tough trading

  • The pound remains volatile today following the latest Brexit twists and turns
  • Next said profits slipped 0.4% last year and dismissed no-deal Brexit worries
  • Ted Baker’s bottom line was dented by one-off costs and weaker trading

As we start another day on the Brexit merry-go-round, the pound is understandably a little unsure of itself. At 8am, sterling is at $1.3165. 

In the meantime, there’s plenty of retail news to trawl through. 

High Street stalwart Next has seen store sales slide (again), while Ted Baker is nursing a sharp drop in profits following one-off costs relating to the investigation into its boss Ray Kelvin and the collapse of House of Fraser. 

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