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00:00Hello and welcome to the latest business bulletin on Thursday the 27th of March.
00:05Next has revealed an annual profit haul of more than 1 billion pounds. The retailers hiked its
00:10outlook for the year ahead despite worries over the impact of budget measures on consumer
00:14confidence. The high street retail giant reported pre-tax profits of 1.01 billion for the year to
00:20January up 10.1% on the previous year. Travelodge annual sales have edged higher too. The budget
00:28hotel brand says consumers prioritised experiences and leisure trips were bolstered by events like
00:33the Six Nations and Crufts. Travelodge revenues topped 1 billion pounds in 2024, about 0.1% higher
00:40than the year before. Morrison sales jumped to 4 billion pounds in its most recent quarter.
00:46The news comes just days after it said hundreds of its staff are facing redundancy.
00:51The supermarket giant said sales were 2.4% up in the quarter to January 26th.
00:56The company's made £56 million in savings during the period and increased its long-term
01:01savings goal from £700 million to £1 billion. Rachel Reeves has denied there will be further
01:08tax rises or spending cuts at the autumn budget. However, after delivering her spring statement
01:13yesterday, she's this morning stopped short of ruling them out entirely. And Dragon's Den star
01:18Sarah Davis has invested in a global swimming brand co-founded by triple Olympic champion
01:23Adam Peaty. AP Race was established by the 14 times world record holder and his former
01:29training partner Ed Baxter. Davis and Peaty met a number of years ago and the pair have
01:34remained close. She'll provide mentoring to both founders. That's all for today, more tomorrow.