Rolls-Royce's engineering and technology director Colin Smith and his wife have raised more than £190,000 from a share disposal.
They sold a total of 32,000 shares at 599.5p each. They retain 175,176 shares in the aero-engineer.
Smith has held his current position since 2005, having joined Rolls-Royce as an apprentice in 1974. He subsequently graduated in mechanical engineering. He is chairman of the Rolls-Royce Heritage Trust.
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
Last week, Sir John Rose said he will retire as chief executive of Rolls-Royce next March after 14 years in the job. Non-executive director John Rishton, who currently runs Dutch retail group Royal Ahold, will take over. He had previously worked at British Airways and Ford.
Last month, Rolls-Royce won a $560m (£350m) order to provide engines for eight of German airline Lufthansa's planes. The Trent 700 engines will be used in Airbus A330 planes that operate under the Lufthansa and SWISS Airbus brands, following the German airline's takeover of Swiss International airlines.
The deal involves Rolls-Royce servicing the engines until 2012.
Top Director Buys
Romag Holdings (ROM) Director name: Mr John M KennairAmount purchased: 950,000 @ 50.00p Value: £475,000
Rolls-Royce (RR.) Director name: Mr Collin SmithAmount purchased: 32,000 @ 599.50p Value: £191,840
Leaf Clean Energy (LEAF) Director name: Mr Bran KeoghAmount purchased: 250,000 @ 70.00p Value: £175,000
Leaf Clean Energy (LEAF) Director name: Mr Peter TomAmount purchased: 50,000 @ 70.00p Value: £35,000
F&C Inv Trust (FRCL) Director name: Mr Jeffrey HewittAmount purchased: 8,885 @ 285.00p Value: £25,322
Leaf Clean Energy (LEAF) Director name: Mr Peter Michael O'KeefeAmount purchased: 25,000 @ 74.00p Value: £18,500
Zetar (ZTR) Director name: Mr David WilliamsAmount purchased: 5,734 @ 196.00p Value: £11,239
Top Director Sells
Tesco (TSCO) Director name: Mr Andrew HigginsonAmount sold: 217,825 @ 434.88p Value: £947,277
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
