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☆ UK's Next cuts profit forecast as shoppers feel the squeeze
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

Next, which trades from about 500 stores and online, said it now expected full price sales in its second half of its financial year to fall 1.5%, and a full year pretax profit of 840 million pounds ($905 million), up 2.1% versus 2021-22. It previously forecast second-half full price sales growth of 1% and a full year pretax profit of 860 million pounds. The group reported a pretax profit of 401 million pounds for the six months to July, up 16%, with full price sales up 12.4%. read more read moreThe government also announced a raft of tax cuts and help on energy costs for both consumers and businesses, but the pound/U.S. ($1 = 0.9282 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by James Davey; editing by Jason Neely and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ London stocks slide as fiscal policy concerns weigh; Next drops
▼ + stars: | 2022-09-29 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) was down 1.8%, while the more domestically-oriented FTSE 250 (.FTMC) shed 2.1%, by 0823 GMT. Shares of Next (NXT.L) slid 8.7% after it cut profit and sales forecasts, saying August trading was below expectations and cost of living pressures were set to rise in the coming months. It's indicative that the tighter monetary policy gets the far more damage it will do to UK consumers, UK spending and the UK economy." The FTSE 100 has lost 6.6% so far this year. Among other stocks, British American Tobacco (BATS.L) fell 3.1% in ex-dividend trading, while Synthomer (SYNTS.L) tanked 32.6% after it lowered its annual profit outlook.

☆ Morning Bid: Dysfunction and intervention
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +5 min

Amid all the chaos in British bond markets, the forced intervention by the Bank of England to buy gilts has given some investors a crumb of comfort about the limits of central bank tightening. Cold comfort maybe, but enough to drag bond yields back and lift stocks briefly around the world. While 30-year gilt yields steadied just below 4% on Thursday after their 100bp swoon the previous day, the pound was sliding again and UK midcap stocks dropped. read moreEasing inflation in Spain was better news read more . Market leader Inditex (ITX.MC), the owner of Zara, slipped 2.2%, while the wider STOXX retailers index <.SXRP> slid 4.3%.

☆ 5 people share how they landed their unexpected dream jobs — from Trader Joe's crew member to voiceover artist
▼ + stars: | 2022-09-24 | by ( Melissa Petro | ) www.businessinsider.com time to read: +5 min

Five people share how they pivoted from the career paths they were on to pursue their dream jobs. We also teach this community to lobby legislators who ran campaigns on promises made to Black women and Black working class families. My favorite thing about this job is being able to work with women who don't see themselves as politically involved. Courtesy photoI started out wanting to be a working artist, but I became disillusioned with the art world. I love working with young adults, seeing their work and helping them through the art-making process.

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