Wincanton director sells shares

David Fawcett, group development director at the distribution group Wincanton, has pocketed more than £25,000 from the sale of most of his shares in the firm.

He offloaded 15,534 at 1,62.4p a time and now has just 1,397 shares in the company.

Wincanton has had a tough time over the past few months.

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In November its shares fell sharply after an increase in profits was marred by a poor performance from its French business and concerns over increasing costs. Then in December it announced that chief executive Graeme McFaull is stepping down following a strategic review at the distribution group.

Fawcett joined Wincanton as a graduate trainee in 1986.

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