© Reuters. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo
By Shubham Batra and Sruthi Shankar
(Reuters) – UK’s rebounded on Thursday after a weak start to the new year as Next shares touched a record high after the clothing retailer upgraded its earnings outlook and helped outweigh a slump in JD Sports following its profit warning.
The blue-chip FTSE 100 rose 0.5% after two straight days of losses when traders across the globe unwound their bets on aggressive monetary easing this year.
Next jumped 5.8% to the top of the index after the retailer raised its profit forecast for the fifth time in eight months as it reported a better-than-expected rise in Christmas sales.
JD Sports Fashion slumped 23.0% after the sportswear giant issued a warning on its annual profit, citing tepid consumer spending that bruised peak season sales…
