Shares in UK clothes retailers down after Next cuts guidance
LONDON, Oct 29 (Reuters) - A cut in profit guidance at Next due to disappointing winter clothing sales in an unseasonable warm autumn dragged shares in British peers Marks & Spencer and Debenhams (Other OTC: DBHSF - news) lower on Wednesday.
Next was the biggest loser in the FTSE 100 index in early trading, down 3.1 percent at 6,235 pence, while Marks & Spencer fell 1.6 percent to 400 pence and Debenhams lost 1.1 percent to trade at 63 pence.
(Reporting by Paul Sandle; editing by Kate Holton)