Intertek chairman sells more shares

Vanni Treves, chairman of the FTSE 100-listed testing company Intertek, has offloaded a big chunk of shares, netting nearly £200,000.

He sold 10,000 shares at 1,980p a time and still has 20,000.

The shares have been hit by the general market decline since April, when Treves sold 24,048 shares at 2,076p a time.

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Intertek tests the safety of a wide assortment of products including toys, lighters, shoes, furniture and cosmetics.

It posted a rise in profits in the first half of 2011 and predicted further growth.

"Whilst we are mindful of the uncertain economic conditions, we expect to grow revenue at high single digits on an organic constant currency basis for the full year with a margin close to that of the prior year," chief executive Wolfhart Hauser said.

Treves became chairman of Intertek in 2002. . He is a corporate lawyer and was a partner of the solicitors Macfarlanes for 30 years. He has previously been chairman of Channel Four Television and London Business School.

Top Director Buys

Glencore International (GLEN)

Director name: Mr Ivan Glasenberg

Amount purchased: 1,500,000 @ 437.67p

Value: £6,565,050

Sepura (SEPU)

Director name: Mr John Hughes

Amount purchased: 40,000 @ 49.50p

Value: £19,800

Top Director Sells

Sepura (SEPU)

Director name: Mr Sion Kearsey

Amount sold: 3,000,000 @ 41.00p

Value: £1,230,000

Genus (GNS)

Director name: Mr Richard Wood

Amount sold: 117,359 @ 1,000.00p

Value: £1,173,590

Pearson (PSON)

Director name: Ms Rona A Fairhead

Amount sold: 60,000 @ 1,145.05p

Value: £687,030

Genus (GNS)

Director name: Mr Ian Farrelly

Amount sold: 28,156 @ 1,000.00p

Value: £281,560

Intertek Group (ITRK)

Director name: Mr Vanni Treves

Amount sold: 10,000 @ 1,980.50p

Value: £198,050

Rathbone Brothers (RAT)

Director name: Mr Richard I Smeeton

Amount sold: 6,000 @ 1,080.00p

Value: £64,800

Marshalls (MSLH)

Director name: Mr David Sarti

Amount sold: 10,000 @ 103.00p

Value: £10,300