Pearson's Penguin boss picks up £2.2m

A round-up of the biggest director deals today so far.

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

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up

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