Next boss warns of 'exceptional uncertainty' after unhappy Christmas

Next said profits could plunge by as much as 14% in the next financial year.

The boss of high street giant Next warned that Brexit uncertainty would add to an "even tougher" year ahead as the chain sounded the alarm over sales and profits after a difficult Christmas.

Next shares tumbled 10% in a dismal start to the festive reporting season after it said annual profits to January 2017 were set to fall by around 3.6% and could plunge by as much as 14% in the next financial year.