8th Feb 2019 18:28
LONDON (Alliance News) - Clothing and homeware retailer Next PLC said Finance Director Amanda James acquired 1,013 shares at a price of GBP48.95 per share on Friday.
It has not been disclosed how many shares James now holds in the company following the GBP49,586 deal.
In January, the chain lowered its annual profit guidance despite reporting full price sales growth of 1.0% during the period between October 28 and December 29.
Next now expects its pretax profit for the year ending late January to be GBP723 million, down from previous guidance of GBP727 million. The GBP4 million cut to profit guidance was blamed on margin reduction and operational costs associated with higher online sales.
Shares in Next closed down 0.5% at 4,853.00 pence on Friday.
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