The deputy chairman of the board at Reckitt Benckiser has sold off millions of pounds worth of his stake in the firm.
Peter Harf, who has occupied his position since 1999, sold 416,000 shares at 3,208.92p each for a total of £13,349,107.
Towards the end of October the firm, which makes a number well-known products including Cillit Bang, Clearasil and Strepsils, announced that it expected slower growth in its pharmaceuticals division during the fourth quarter.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Get 6 issues 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
The company's chief executive admitted that year-on-year growth is likely to slow as the firm nears the anniversary of the SSL International acquisition (bought in November 2010) and the buy-back of distribution rights in the European and 'Rest of World' Reckitt Benckiser Pharmaceuticals business (RBP).
Top Director Buys
Associated British Foods (ABF)
Director name: Mr George G Weston
Amount purchased: 166,606 @ 1,098.40p
Value: £1,830,000
Associated British Foods (ABF)
Director name: Mr John Bason
Amount purchased: 109,614 @ 1,098.40p
Value: £1,204,000
EnQuest (ENQ)
Director name: Dr James Buckee
Amount purchased: 159,753 @ 93.43p
Value: £149,257
Laird (LRD)
Director name: Mr Nigel J Keen
Amount purchased: 66,355 @ 149.58p
Value: £99,254
Digital Barriers (DGB)
Director name: Mr Colin Evans
Amount purchased: 60,000 @ 155.00p
Value: £93,000
Findel (FDL)
Director name: Mr Roger Siddle
Amount purchased: 1,630,000 @ 3.05p
Value: £49,715
Phoenix IT Group (PNX)
Director name: Mr David Courtley
Amount purchased: 29,540 @ 167.57p
Value: £49,500
Synchronica (SYNC)
Director name: Mr Angus Dent
Amount purchased: 800,000 @ 6.12p
Value: £48,960
Phoenix IT Group (PNX)
Director name: Mr Steven Clutton
Amount purchased: 20,000 @ 167.57p
Value: £33,514
Phoenix IT Group (PNX)
Director name: Mr Peter Bertram
Amount purchased: 20,000 @ 167.57p
Value: £33,514
Top Director Sells
Reckitt Benckiser Group (RB.)
Director name: Mr Peter Harf
Amount sold: 416,000 @ 3,208.92p
Value: £13,349,107
Halfords Group (HFD)
Director name: Mr Paul McClenaghan
Amount sold: 30,000 @ 340.75p
Value: £102,225
NR
Will “Liberation Day” strike again?
Israel claims victory in the '12-day war' with Iran
