By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- Shares of Next PLC were pushed down in
London on Tuesday following a profit warning from the clothing
retailer, but Royal Bank of Scotland PLC shares popped higher after
a trading update.
Next shares fell 3.6%, on course for their worst loss since
April 2013. In its profit warning, the retailer noted third-quarter
sales to date have risen 6%. It previously expected a gain of 10%,
and it attributed the shortfall to unusually warm weather in
September. If that weather runs through October, Next said it's
likely to cut its full-year earnings forecast.
Topping the FTSE 100, RBS shares tacked on 3.9%, as the bank
said it expects losses from bad loans in 2014 are likely to be
"significantly lower" than the GBP1 billion ($1.6 billion) that it
had anticipated.
The FTSE 100 fell 0.2% to 6,636.87, and was on track for a 1.5%
loss for the third quarter and a 2.6% decline for the month of
September.
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