Director dealings: Next board member sells out

Next's group new merchandise and operations director and executive board member, Richard Papp, sold a big bundle of shares in the fashion retailer on Thursday.

After the close of markets in London, the company notified that Papp had sold 27,000 shares at 5,713.17p apiece, for a total transaction amount of £1,542,555.86.

He was joined by his spouse Rebecca, who let go of another 1,100 shares at 5,713.17p each, pocketing £62,844.87 in the process.

Mr. Papp took up his post on 14 May, when he replaced Michael Law, who had discharged those same responsibilities since 2010.

Their sales came just one week after the fashion retailer posted its second quarter numbers, reporting that online and overseas sales had offset a persistent decline at its stores.

For the 26 weeks to 28 July, full price sales rose 4.5% with online sales growing 15.5% and retail sales down 5.3%.

Stock in Next closed the Thursday session higher by 1.16% at 5,744.0p.

Top Director Buys

Rainbow Rare Earths Limited Npv (RBW)
Director name: Pouroulis,Adonis
Amount purchased: 2,496,917 @ 12.00p
Value: £299,630.03

Spire Healthcare Group (SPI)
Director name: Ash,Justin
Amount purchased: 125,000 @ 159.99p
Value: £199,987.50

Spirax-sarco Engineering (SPX)
Director name: Pike,Jamie
Amount purchased: 2,856 @ 7,001.98p
Value: £199,976.63

Spire Healthcare Group (SPI)
Director name: Watts,Garry
Amount purchased: 100,000 @ 160.00p
Value: £159,996.00

Tt Electronics (TTG)
Director name: Carson,Neil A P
Amount purchased: 40,000 @ 258.00p
Value: £103,200.00

Ferrexpo (FXPO)
Director name: Lockett,Simon
Amount purchased: 50,000 @ 170.55p
Value: £85,275.00

Hsbc Holdings (HSBA)
Director name: (Jack) Tai,Jackson
Amount purchased: 9,025 @ $9.41
Value: $67,651.59

Tp Icap (TCAP)
Director name: Heaney,Michael C
Amount purchased: 20,000 @ 293.14p
Value: £58,628.80

Keller Group (KLR)
Director name: Raju ,Venu
Amount purchased: 5,000 @ 1,054.00p
Value: £52,700.00

Ibstock (IBST)
Director name: Eperjesi,Louis
Amount purchased: 20,000 @ 246.51p
Value: £49,302.00

Proteome Sciences (PRM)
Director name: Diggle ,Martin
Amount purchased: 1,400,000 @ 3.50p
Value: £49,000.00

Dialight (DIA)
Director name: Good ,Steve
Amount purchased: 7,500 @ 560.00p
Value: £42,000.00

Devro (DVO)
Director name: Helbing,Rutger
Amount purchased: 15,000 @ 197.70p
Value: £29,655.00

F&c Managed Portfolio Trust Growth Shares (FMPG)
Director name: Inglis,Susan
Amount purchased: 12,000 @ 214.72p
Value: £25,766.40

Ibstock (IBST)
Director name: Graham ,Tracey
Amount purchased: 10,000 @ 246.74p
Value: £24,674.00

Devro (DVO)
Director name: Callaway,Jackie
Amount purchased: 10,000 @ 197.70p
Value: £19,770.00

Hill & Smith Holdings (HILS)
Director name: Giddins,Alan
Amount purchased: 1,745 @ 1,127.00p
Value: £19,666.15

Spire Healthcare Group (SPI)
Director name: Bamford,Peter R
Amount purchased: 10,000 @ 160.92p
Value: £16,092.00

Infrastrata (INFA)
Director name: Wood,John
Amount purchased: 2,031,779 @ 0.59p
Value: £11,987.50

The Fulham Shore (FUL)
Director name: Page,David M
Amount purchased: 84,789 @ 11.70p
Value: £9,920.31

Nexus Infrastructure (NEXS)
Director name: Wiseman,Alexander
Amount purchased: 5,000 @ 198.35p
Value: £9,917.50

Hsbc Holdings (HSBA)
Director name: (Jack) Tai,Jackson
Amount purchased: 1,080 @ $9.41
Value: $8,095.70

E-therapeutics (ETX)
Director name: Medlicott,Steve
Amount purchased: 100,000 @ 7.00p
Value: £7,000.00

F&c Managed Portfolio Trust Income Shares (FMPI)
Director name: Inglis,Susan
Amount purchased: 3,000 @ 136.79p
Value: £4,103.85

Infrastrata (INFA)
Director name: Wood,John
Amount purchased: 689,352 @ 0.59p
Value: £4,060.28

Foreign And Colonial Inv Trust (FRCL)
Director name: Bone,Roger
Amount purchased: 134 @ 741.27p
Value: £993.30

Foreign And Colonial Inv Trust (FRCL)
Director name: Hewitt,Jeffrey
Amount purchased: 68 @ 741.27p
Value: £504.06

Mj Gleeson (GLE)
Director name: Allanson ,Stefan
Amount purchased: 27 @ 750.00p
Value: £202.50

Mj Gleeson (GLE)
Director name: Harrison,Jolyon
Amount purchased: 27 @ 750.00p
Value: £202.50

Nexus Infrastructure (NEXS)
Director name: Martin,Alan
Amount purchased: 100 @ 199.00p
Value: £199.00

Prudential (PRU)
Director name: Foley,John W.
Amount purchased: 10 @ 1,810.00p
Value: £181.00

Prudential (PRU)
Director name: Wells,Mike
Amount purchased: 10 @ 1,810.00p
Value: £181.00

Prudential (PRU)
Director name: Turner,James
Amount purchased: 10 @ 1,810.00p
Value: £181.00

Prudential (PRU)
Director name: FitzPatrick,Mark
Amount purchased: 10 @ 1,810.00p
Value: £181.00

Capita (CPI)
Director name: Lewis,Jonathan (Jon)
Amount purchased: 134 @ 129.50p
Value: £173.53

Taylor Wimpey (TW.)
Director name: Daly,Jennie
Amount purchased: 87 @ 173.40p
Value: £150.86

Taylor Wimpey (TW.)
Director name: Redfern,Pete
Amount purchased: 87 @ 173.40p
Value: £150.86

Taylor Wimpey (TW.)
Director name: Jordan,James J
Amount purchased: 87 @ 173.40p
Value: £150.86

Taylor Wimpey (TW.)
Director name: Carney,Chris
Amount purchased: 86 @ 173.40p
Value: £149.12

Consort Medical (CSRT)
Director name: Hayes,Paul
Amount purchased: 13 @ 1,146.00p
Value: £148.98

Consort Medical (CSRT)
Director name: Glenn,Jonathan
Amount purchased: 13 @ 1,146.00p
Value: £148.98

Foreign And Colonial Inv Trust (FRCL)
Director name: Knapp,Edward
Amount purchased: 14 @ 741.27p
Value: £103.78

Top Director Sells

Next (NXT)
Director name: Papp,Richard
Amount sold: 27,000 @ 5,713.17p
Value: £1,542,555.86

Next (NXT)
Director name: Papp,Richard
Amount sold: 1,100 @ 5,713.17p
Value: £62,844.87