Bosses at Management Consulting Group (MC) have been topping up their stakes in the company following the business consultancy group's full year results.
Executive director Luiz Carvalho took 167,625 shares at 33p a time, spending a total of about £55,000. That takes his holding to about 1.2m shares, almost 0.3% of the company.
Chairman Alan Barber took 136,363 shares to lift his stake to just over 1.8m shares and chief executive Nicholas Stagg took 495,454 and now has about 495,000. They both also paid 33p a share.
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
Stagg and Calvalho have agreed not to sell their shares before the end of 2013 if they continue to be executive directors.
MC's revenue in 2010 was down to £270.4m from £276.5m the previous year, though pre-tax profits jumped to £14.3m from £6.3m.
"After the challenging economic conditions experienced in 2009, the global economic environment in 2010 again provided a difficult backdrop for our clients and our businesses," the company said.
-
What’s changing with employers’ National Insurance – and how will it impact you?You might think the upcoming changes to employers’ National Insurance won’t impact you unless you’re a business owner, but experts have warned it could limit pay rises, cause redundancies, and push inflation higher.
-
Will Donald Trump invade Greenland?Trump has announced renewed interest in taking over Greenland, an autonomous territory of Denmark. Why does he want it and what are the implications?
