The boss of British clothing and homewares retailer Next (NXT.L) has sold over 29 million pounds ($39 million) worth of his stock, sending shares in the group lower.
A regulatory filing showed Simon Wolfson, the FTSE-100 index's longest serving chief executive and a Conservative party peer, sold 290,000 shares.
Next shares have risen 37% over the last year and last week hit a record high. They were down 1.2% in afternoon trading Friday.
($1 = 0.7457 pounds)
