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Retailer to repay £29m in COVID rates relief amid strong revenue growth

Next has reported strong revenue growth as shoppers returned to its clothing stores after the Covid-19 lockdown reopening and as a result has decided to repay £29m of business rates relief to the government.

Retailer to repay £29m in COVID rates relief amid strong revenue growth
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  • Shared by The Guardian
  • July 22, 2021
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Shares in the bellwether retail chain soared 10% in early trading on Wednesday, making Next the biggest FTSE 100 riser as investors responded positively to the news that it was raising its profit forecast for the third time in four months.

Read more at The Guardian.

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