Robert Bready, the Product Director of ASOS, the online clothes retailer, has slimmed down his stake in the firm with the sale of 44,299 shares.
The transaction, which was carried out on Monday, earned Bready £724,289 and reduced his holding to 143,125 ordinary shares, equal to 0.18% of the total issued share capital.
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
Total retail sales grew 49% to £481.6m (2011: £324.1m), with international operations now accounting for 59% of these (2011: 43%). International retail sales surged by 103% to £283.7m during the year, while UK sales grew 7% to £197.9m. Total group revenues were up 46% to £495m (2011: £339.7m).
Profit before tax and exceptional items was up 43% on the prior year at £40.9m (2011: £28.6m), above consensus estimates of £40.1m. Profit before tax, which includes one-off costs relating to the warehouse transition, increased £14.6m to £30.3m (2011: £15.7m).
On Monday the share price fell 1.31% to 1,641p by 13:36.
Top Director Buys
Liontrust Asset Managament (LIO)
Director name: Mr Jonathan Hughes-Morgan
Amount purchased: 250,000 @ 90.00p
Value: £225,000
Polo Resources Ltd. (DI) (POL)
Director name: Mr Neil Lindsey Herbert
Amount purchased: 2,000,000 @ 2.58p
Value: £51,600
North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Mr Christopher H B Mills
Amount purchased: 5,000 @ 1,030.00p
Value: £51,500
Ultimate Finance Group (UFG)
Director name: Mr Roger McDowell
Amount purchased: 185,900 @ 12.00p
Value: £22,308
Intertek Group (ITRK)
Director name: Mr Alan J Brown
Amount purchased: 847 @ 2,563.00p
Value: £21,709
Vatukoula Gold Mines (VGM)
Director name: Mr David Karl Paxton
Amount purchased: 50,000 @ 27.00p
Value: £13,500
Ultimate Finance Group (UFG)
Director name: Mr Jeremy Coombes
Amount purchased: 85,275 @ 12.00p
Value: £10,233
Top Director Sells
ASOS (ASC)
Director name: Mr Robert Bready
Amount sold: 44,299 @ 1,635.00p
Value: £724,289
Hikma Pharmaceuticals (HIK)
Director name: Mr Mazen Darwazah
Amount sold: 60,000 @ 669.00p
Value: £401,400
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyersRachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap
