John Makinson, a director at the publisher Pearson and chairman and chief executive of its book publishing arm Penguin, has pocketed £2.2m from the sale of shares in the company.
He sold 200,000 Pearson shares at 1,106p a time leaving him with 402,815 shares.
Makinson was finance director of Pearson between 1996 and 2002. Before that he was the managing director of the Financial Times, which is published by Pearson.
Subscribe to 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
Like all Pearson's businesses, Penguin posted a rise in sales in 2010, helping Pearson to higher pre-tax profits.
Top Director Buys
Novae Group (NVA) Director name: Mr Matthew K FoshAmount purchased: 187,800 @ 362.00p Value: £679,836
Novae Group (NVA) Director name: Mr Oliver CorbettAmount purchased: 150,000 @ 362.00p Value: £543,000
Novae Group (NVA) Director name: Mr Jeremy AdamsAmount purchased: 143,600 @ 362.00p Value: £519,832
Headlam Group (HEAD) Director name: Mr S G WilsonAmount purchased: 50,000 @ 300.00p Value: £150,000
Ukraine Opportunity Trust (UKRO) Director name: Mr Gordon William LawsonAmount purchased: 25,000 @ $2.44 Value: $61,050
Lavendon Group (LVD) Director name: Mr Andrew WoodAmount purchased: 50,000 @ 96.00p Value: £48,000
Heavitree Brewery 'A' Shares (HVTA) Director name: Mr Rodney J GlanvilleAmount purchased: 21,977 @ 155.00p Value: £34,064
Top Director Sells
Ocado Group (OCDO) Director name: Mr Jorn RausingAmount sold: 59,080,100 @ 213.30p Value: £126,017,853
Pearson (PSON) Director name: Mr John MakinsonAmount sold: 200,000 @ 1,105.99p Value: £2,211,980
Hiscox Ltd. (HSX) Director name: Mr Roberts R S ChildsAmount sold: 155,189 @ 396.16p Value: £614,797
Intertek Group (ITRK) Director name: Mr Vanni TrevesAmount sold: 24,048 @ 2,076.00p Value: £499,236
Irish Continental Group Units (ICGC) Director name: Mr Gearoid O'DeaAmount sold: 25,000 @ €17.25 Value: €431,250
Costain Group (COST) Director name: Mr Andrew WyllieAmount sold: 113,922 @ 251.00p Value: £285,944
Software Radio Technology (SRT) Director name: Mr Simon Francis RogersAmount sold: 425,000 @ 39.50p Value: £167,875
Costain Group (COST) Director name: Mr Anthony BickerstaffAmount sold: 65,883 @ 251.00p Value: £165,366
Morgan Crucible Co (MGCR) Director name: Mr Paul Andrew BoultonAmount sold: 8,000 @ 312.00p Value: £24,960
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
