Rolls-Royce director raises £1m

The boss of Rolls-Royce's US operations has sold nearly £1m worth of shares.

James Guyette has been on the board of the aerospace firm since 1998 and before that he was a vice president at United Airlines.

Guyette has sold 164,689 shares - just over one-third of his holding - at 605.55p a share, raising £997,000 in the process. He retains 324,231 shares.

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The disposal happened before the announcement of an order worth $390m from THAI Airways International for Trent 700 engines to power seven Airbus A330 aircraft.

Top Director Buys

Asian Citrus Holding (ACHL) Director name: Hon Peregrine D E M MoncreiffeAmount purchased: 50,000 @ 74.00p Value: £37,000

Biome Technologies (BIOM) Director name: Mr Michael KayserAmount purchased: 10,000,000 @ 0.12p Value: £12,000

Top Director Sells

Rolls-Royce Group (RR.) Director name: Mr James M GuyetteAmount sold: 164,689 @ 605.55p Value: £997,274