- Next executive director sells £2.6 million shares
- Ramsdens director sells 125,000 shares
- Greggs director sells £1.85 million shares
Jeremy Stakol, executive director at fashion and homeware retailer Next (NXT) and his wife Marcelle Stakol have sold 26,523 shares at £98.79 for a total value of £2.6 million on 10 October.
Stakol’s move comes after the company raised its year-to-January-2025 profit guidance for the second time in two months on 19 September.
Stakol has been an executive director at Next since last year having joined the company as director of women’s clothing brand Lipsy.
Over the past year shares in the UK high street stalwart have gained 42%.
Stakol’s move follows Next chief executive Simon Wolfson. At the end of September, Wolfson sold £29 million shares.
RAMSDENS DIRECTOR PLANS FOR RETIREMENT WITH SHARE SALE
Andrew Meehan, non-executive chairman of Ramsdens (RFX:AIM) the jewellery retailer-to-financial services provider, has sold 125,000 shares at 217p at a total value of £271,000 on 8 October.
Following the sale, Meehan has a notifiable interest of 192,320 ordinary shares in the company, representing 0.60% of the issued ordinary share capital.
Meehan cited ‘retirement planning reasons’ for the sale.
Over the past year, Ramsdens shares have lost 8%.
GREGGS FINANCE DIRECTOR SELLS 65,000 SHARES
Richard John Hutton, finance director at UK bakery chain Greggs (GRG) has sold 65,000 shares at £28.51 for a total value of £1.85 million on 10 October.
The move comes as the food-on-the-go purveyor reported stronger trading in September and maintained its full-year outlook.
Over the past year Greggs shares have gained 18%.
In a third quarter trading update the company said for the year it expects 140 to 160 net shop openings and launched new products including an All-Day Breakfast Baguette.
