Next warns Middle East war could push up prices
UK retail bellwether has already accounted for £15mn of additional costs from higher fuel and air freight charges
UK retail bellwether has already accounted for £15mn of additional costs from higher fuel and air freight charges

UK’s largest supermarket chain posts flat full-year profits

Premiums for diesel has also hit 15-month high, highlighting reliance on refined fuels from the Gulf

Industry warnings of disruption contrast with government calls for calm

Higher than expected £14.3bn figure comes as Middle East turmoil raises inflation forecasts

Retailers flag weak outlook as consumers rein in spending

Traders warn of further jump in prices and ‘huge pain’ as economies cut consumption