Next executives add to stakes
A round-up of the biggest director deals today so far.
All four of the Next executive directors have bought shares as part of the retailer's share matching plan.
Chief executive Simon Wolfson has invested £335,000 by acquiring 16,439 shares at 2038.45p a share. Wolfson owns 1.64m shares, which is 0.91% of Next.
Group product director Christo Angelides has bought 11,929 shares for a total of £243,000, while finance director David Keens has invested 10,975 shares for £224,000 and group property director Andrew Varley has spent £166,000 on 8,160 shares. All these shares were bought for 2038.45p each.
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Next reported a strong set of figures for the year to January 2011. Pre-tax profit was 9% higher at £551m. Cash generation was strong.
However, Next's sales and profit growth expectations for the year ahead point to pre-tax profit being -5% to +5% different to 2010-11.
Top Director Buys
Polo Resources Ltd. (DI) (POL) Director name: Mr Stephen R DattelsAmount purchased: 12,000,000 @ 5.25p Value: £630,000
Next (NXT) Director name: Mr Simon A WolfsonAmount purchased: 16,439 @ 2,038.45p Value: £335,101
Next (NXT) Director name: Mr C E AngelidesAmount purchased: 11,929 @ 2,038.45p Value: £243,167
Next (NXT) Director name: Mr David W KeensAmount purchased: 10,975 @ 2,038.45p Value: £223,720
Next (NXT) Director name: Mr Andrew John VarleyAmount purchased: 8,160 @ 2,038.45p Value: £166,338
Wolseley (WOS) Director name: Mr John W MartinAmount purchased: 4,726 @ 2,137.00p Value: £100,995
F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 120,000 @ 76.94p Value: £92,328
Lloyds Banking Group (LLOY) Director name: Mr Tim TookeyAmount purchased: 52,896 @ 60.48p Value: £31,992
Norseman Gold (NGL) Director name: Mr Barry CahillAmount purchased: 30,000 @ 45.48p Value: £13,644
Top Director Sells
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