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A non-executive director of FTSE 250-listed Booker, a cash and carry firm, has bought £39,315 worth of shares in his first purchase.
Stewart Gilliland bought 50,000 shares at 78.63p each, having previously had none, just one week after the firm announced a 22% rise in its pre-tax interim profits.
54-year-old Gilliland joined the board at the end of last year having recently retired as chief executive of Muller Dairies UK and Ireland.
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In the 24 weeks to 9 September, Booker's pre-tax profits climbed to £45m from £36.9m over the same period the previous year, on sales that were up by 8.5% at £1.8bn.
On a like-for-like basis, total sales were up by 6.5% (or 5.1% when tobacco is stripped out). The interim dividend rises to 0.33p a share from 0.27p.
Top Director Buys
Booker Group (BOK)
Director name: Mr Stewart Gilliland
Amount purchased: 50,000 @ 78.63p
Value: £39,315
Healthcare Locums (HLO)
Director name: Mr Andrew McRae
Amount purchased: 200,000 @ 5.50p
Value: £11,000
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
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