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Story summary
- Next's chief executive Simon Wolfson received a record pay package exceeding £7 million last year.
- The package could reach up to £9.27 million this year.
- Wolfson's basic salary will rise to £1 million.
- Next says the increase is justified because Wolfson's pay is 30% below FTSE 100 leader average.
- Despite inflation concerns from the Iran war, Next raised profit guidance to £1.2 billion for the year ending January 2027.
