- $100 a barrel would ‘annihilate’ oil demand growth – analyst
- Retailer Next sets out detailed contingency plans for no-deal Brexit
- Sterling rises for second day on Brexit deal hopes
Also in the fashion world, Michael Kors has confirmed its acquisition of the Italian fashion house Versace for $2.1 bn (£1.6bn).
Donatella Versace, the brand’s artistic director and sister of founder Gianni Versace, will continue to lead the creative side of the business. Versace boss Jonathan Akeroyd will also stay put with the rest of the brand’s senior management.
Related: Michael Kors buys Versace in $2.1bn deal
Here is our full story on the Next results, profit upgrade and Brexit plans.
Related: Next warns over Brexit risks as it reports strong summer sales