Directors deals: Next director sells into strength
A round-up of the biggest director deals today so far.
The trading update from clothing retailer Next on Tuesday morning was well received, allowing the group's property director, Andrew Varley, to cash in at a good price.
Varley sold 10,000 shares at 1234.43p each, some way below the 1261p high for the day but still comfortably above Monday's closing value of 1091p.
The sale, which raised £123,440, reduces Varley's stake in Next to 69,887 shares, representing 0.036% of the issued share capital.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Next cheered the market by saying its full year profit forecast remains in line with City expectations of around £415m to £435m, despite posting a a 1.9% drop in sales in the half year to Christmas Eve.
Like-for-like sales in the 347 stores that were unaffected by new openings down 7%, within the 4% to 7% range the firm had predicted.
Top Director Buys
Value: £211,239
Value: £49,580
Value: £24,000
Value: £15,203
Value: £10,040
Top Director Sells
Value: £9,780,125
Value: £4,890,050
Value: £3,260,025
Value: £1,222,500
Value: £1,075,812
Value: £967,500
Value: £87,698
Value: £123,440
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Nationwide: House prices see biggest monthly fall in over two years
UK house prices dropped by 0.8% in June, according to Nationwide. We reveal the top-performing and worst-performing regions
-
Portfolio landlords could save £8,500 by remortgaging – or risk costs soaring by £23,000
Buy-to-let landlords with multiple properties could save thousands by taking advantage of this year’s lower mortgage rates, but failing to refinance could see them hit with a £23,000 bill.