New McBride boss buys

McBride's new chief executive Christopher Bull has invested nearly £170,000 in buying an initial stake in the private label household products manufacturer.

Bull has bought 90,000 shares at an average price of 188.19p a share one week after he took over as chief executive.

Bull was previously chief customer officer for Unilever. He was employed at the Anglo-Dutch group for 25 years.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

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

Sign up

The trading statement from McBride last month showed group revenues in the four months to the end of April 2010 rose by 2% from the same time a year before on a reported and constant currency basis.

McBride said growth has continued to be strong in personal care and in the Polish household market, while UK sales have continued to be hit by strong branded promotional activity, but remain ahead of last year.

Top Director Buys

Mcbride (MCB) Director name: Mr Chris BullAmount purchased: 90,000 @ 188.19p Value: £169,371

Global Petroleum (GBP) Director name: Mr Mark SavageAmount purchased: 859,965 @ 7.84p Value: £67,421

AG Barr (BAG) Director name: Mr Alex B C ShortAmount purchased: 7,050 @ 928.50p Value: £65,459

The Conygar Investment Company (CIC) Director name: Mr Peter A BatchelorAmount purchased: 30,000 @ 117.33p Value: £35,199

Barratt Developments (BDEV) Director name: Mr David ThomasAmount purchased: 20,000 @ 123.80p Value: £24,760

Petrofac Ltd. (PFC) Director name: Mr Thomas Thune AndersenAmount purchased: 1,000 @ 1,229.65p Value: £12,296

Petrofac Ltd. (PFC) Director name: Mr Thomas Thune AndersenAmount purchased: 1,000 @ 1,209.00p Value: £12,090