Wife of outgoing FD sells British Land shares

Diane Roberts, the wife of British Land finance director Graham Roberts, has raised more than £1m by selling more than three-quarters of the couple's stake in the property investor.

She sold 191,780 shares at 562.8p each, which raised £1.08m. The couple are left with 50,464 shares in British Land.

Roberts has been finance director for nine years after joining from Arthur Andersen. Lucinda Bell, who is Roberts' deputy, will become finance director from 24 May and Roberts will leave the board at the end of June.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues 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

Sign up

Bell has worked for British Land for 20 years and she was on the working party that developed the REIT structure.

Top Director Buys

Ruukki Group (DI) (RKKI) Director name: Mr Chris PointonAmount purchased: 40,000 @ 154.50p Value: £61,800

CPP Group (CPP) Director name: Mr Charles Henry GregsonAmount purchased: 16,000 @ 305.00p Value: £48,800

Cobham (COB) Director name: Mr Warren G TuckerAmount purchased: 14,404 @ 228.99p Value: £32,984

Cobham (COB) Director name: Mr Andrew StevensAmount purchased: 10,559 @ 228.99p Value: £24,179

Aberforth Geared Income Trust (AGIT) Director name: Mr Graham R MenziesAmount purchased: 20,000 @ 107.50p Value: £21,500

Cupid (CUP) Director name: Mr George Reginald ElliottAmount purchased: 11,000 @ 128.00p Value: £14,080

e-Therapeutics (ETX) Director name: Mr Steve SelfAmount purchased: 26,677 @ 37.50p Value: £10,004

Top Director Sells

British Land Co (BLND) Director name: Mr Graham C RobertsAmount sold: 191,780 @ 562.80p Value: £1,079,338

Rio Tinto (RIO) Director name: Mr Guy R ElliottAmount sold: 7,097 @ 3,953.30p Value: £280,566

DS Smith (SMDS) Director name: Mr Stephen William DrydenAmount sold: 38,161 @ 204.50p Value: £78,039

Travis Perkins (TPK) Director name: Mr John P CarterAmount sold: 7,743 @ 985.50p Value: £76,307