United Utilities boss raises £588,000 from share sale

United Utilities chief executive Philip Green has raised £588,000 by selling 100,000 shares.

Green still has 116,384 shares. The shares that were sold for 588p each were owned by Green and his wife Judy, who no longer holds any shares.

In February, Green received 136,607 shares from the company's LTIP at no cost. At that time he sold 69,810 shares at 574.5p each, thereby raising £401,058.

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That means that Green has raised nearly £1m in six weeks.

Green used to be chief operating officer at Reuters and then chief executive of Royal P&O Nedlloyd.

Last Thursday, United Utilities said that it was still trading "slightly" ahead of management expectations, keeping the water utility on track for a "solid" underlying full-year result. The company has been hit by the Ofwat price review and second half profit will be lower.

The full year results will be published on 26 May.

Top Director Buys

F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 250,000 @ 80.04p Value: £200,100

Caledonia Investments (CLDN) Director name: Major William WyattAmount purchased: 10,000 @ 1,724.00p Value: £172,400

Howden Joinery Group (HWDN) Director name: Mr Matthew IngleAmount purchased: 90,180 @ 109.21p Value: £98,486

Howden Joinery Group (HWDN) Director name: Mr Mark RobsonAmount purchased: 56,763 @ 109.21p Value: £61,991

F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 56,794 @ 78.97p Value: £44,850

Leni Gas & Oil (LGO) Director name: Mr Stephen Thomas HortonAmount purchased: 1,000,000 @ 2.95p Value: £29,500

Dignity (DTY) Director name: Mr Steve WhitternAmount purchased: 3,750 @ 713.00p Value: £26,738

Cyan Holdings (CYAN) Director name: Mr Simon Smith Amount purchased: 2,118,644 @ 1.18p Value: £25,000

AGI Therapeutics (AGI) Director name: Mr David KellyAmount purchased: 550,000 @ 3.95p Value: £21,725

Sagentia Group (SAG) Director name: Mr Brent Hudson Amount purchased: 29,411 @ 68.00p Value: £19,999

Top Director Sells

G4S (GFS) Director name: Mr Nicholas P BucklesAmount sold: 442,129 @ 250.16p Value: £1,106,030

G4S (GFS) Director name: Mr Grahame GibsonAmount sold: 319,152 @ 250.16p Value: £798,391

Fidessa Group (FDSA) Director name: Mr Chris AspinwallAmount sold: 34,145 @ 1,773.00p Value: £605,391

United Utilities Group (UU.) Director name: Mr Philip GreenAmount sold: 100,000 @ 588.00p Value: £588,000

G4S (GFS) Director name: Mr Trevor DightonAmount sold: 147,396 @ 250.16p Value: £368,726

Sainsbury (J) (SBRY) Director name: Mr Justin KingAmount sold: 80,723 @ 342.03p Value: £276,097

Henderson Group (HGG) Director name: Mr Shirley Garrood Amount sold: 110,000 @ 166.59p Value: £183,249

Sainsbury (J) (SBRY) Director name: Mr Darren M ShaplandAmount sold: 26,582 @ 342.03p Value: £90,918

Sainsbury (J) (SBRY) Director name: Mr Michael Andrew CoupeAmount sold: 9,343 @ 342.03p Value: £31,956