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.
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
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
-
Average earners now face £200,000 inheritance tax bill - how much will your estate owe?‘Double whammy’ of inheritance tax changes means even the estates of those earning the average UK wage could face bills, not just the very wealthy
-
Are the wealthy dodging more tax than previously thought?A new report suggests tax non-compliance among the wealthy could be worse than previously imagined. Is an overly complex system partly to blame?
