Next to detail full-price growth

Next is expected to report growth in full-price sales on Wednesday as investors look for the retailer to repeat its bumper second-quarter performance.

Full-price growth will slow to 1.1% in the third quarter, according to analysts at Jefferies.

This follows a second quarter in which fullprice sales were up 2.8%, prompting Next to upgrade its profit expectations for the full year.

Declining high street sales will continue to be offset by the directory division, which includes online and catalogue shopping.

Jefferies estimates that like-for-like sales in shops will drop by 7.8% during the period but directory will post a resilient 10.3% gain.

Next expects to report £727 million in pre-tax profit for the year.