Alan Wiseman, the chairman of Robert Wiseman Dairies, has raised £3m from a share sale.
Wiseman sold 615,000 shares at 491.5p each. He still owns 15.2% of the Scottish dairy group.
In June, Robert Wiseman completed the repurchase of capital equipment and vehicles that were the subject of a sale and lease back deal with SG Leasing (June), part of French bank Societe Generale, in May. The company says that the deal will provide capital allowances that will reduce its tax bill.
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
Turnover rose 5% to £886.2m and sales volumes leapt 9% to a record 1.77 billion litres in the year to early April 2010. Profit before tax was 60% ahead at £49.2m, boosted by higher cream prices and a £1.9m cut in the OFT's price-fixing fine.
Top Director Buys
British Land Co (BLND) Director name: Mr Stephen Smith Amount purchased: 50,000 @ 429.00p Value: £214,500
Daily Mail and General Trust (DMGT) Director name: Mr D M M DuttonAmount purchased: 45,000 @ 435.20p Value: £195,840
Brulines (BRU) Director name: Mr James DicksonAmount purchased: 50,000 @ 113.00p Value: £56,500
Brulines (BRU) Director name: Mr James DicksonAmount purchased: 50,000 @ 113.00p Value: £56,500
The Conygar Investment Company (CIC) Director name: Mr Nigel J HamwayAmount purchased: 50,000 @ 106.00p Value: £53,000
Taylor Wimpey (TW.) Director name: Mr Robert O RowleyAmount purchased: 200,000 @ 26.02p Value: £52,040
Taylor Wimpey (TW.) Director name: Mr Kevin S BeestonAmount purchased: 193,981 @ 25.78p Value: £50,008
Taylor Wimpey (TW.) Director name: Mr Peter RedfernAmount purchased: 193,981 @ 25.78p Value: £50,008
Taylor Wimpey (TW.) Director name: Ms Sheryl Palmer Amount purchased: 128,295 @ 25.78p Value: £33,074
Paragon Group Of Companies (PAG) Director name: Mr Alan FletcherAmount purchased: 25,000 @ 116.00p Value: £29,000
Top Director Sells
Robert Wiseman (RWD) Director name: Mr Alan W WisemanAmount sold: 615,000 @ 491.50p Value: £3,022,725
News Corp A (NCRA) Director name: Mr Rupert MurdochAmount sold: 18,626 @ $12.21 Value: $227,423
News Corp A (NCRA) Director name: Mr Rupert MurdochAmount sold: 17,897 @ $12.21 Value: $218,522
Unilever (ULVR) Director name: Professor Genevieve BergerAmount sold: 3,702 @ 1,757.00p Value: £65,044
Norman Hay (HNN) Director name: Mr V P BellantiAmount sold: 13,568 @ 94.50p Value: £12,822
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
