Next Trims Expected Price Hikes as Costs Fall: The London Rush

The home and clothing retailer Next is increasingly among the most active buyers listed in London, making a habit of hoovering up troubled brands like Joules, Made.com and, most recently, Cath Kidston. As the company seeks to integrate these brands they’re also grappling with the dual challenges of inflation and consumer demand. Some analysts did wonder if, given reports of better consumer health, they might boost their expectations for the year this morning, but given the uncertainty they decided to hold firm.

Here’s the key business news from London this morning: