Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Twice daily
MoneyWeek
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
Four times a week
Look After My Bills
Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!
Pavel Maslovskiy, chief executive of Petropavlovsk, is taking advantage of the near-record gold price to bank some cash with the sale of £24m worth of shares in the Russian gold miner.
Companies associated with Dr Maslovskiy sold 2m shares at £11.93 per share. The off-market sale was to a non-related party at the ten day volume weighted average price, the company said, and was for portfolio re-balancing and to provide funds for investments in non-mining related activities. His last significant disposals were in 2007 at prices of £10.90 and £12.12.
On Wednesday, Petropavlovsk, formerly known as Peter Hambro Mining, trimmed its preliminary estimate of gold production this year by about 6% to 470,000 ounces, down from its previous estimate of 500,000 ounces.
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
Top Director Buys
Kirkland Lake Gold (KGI) Director name: Mr George A MiltonAmount purchased: 100,000 @ 530.39p Value: £530,390
Ingenious Media Active Capital (IMAC) Director name: Mr Patrick Anthony McKennaAmount purchased: 350,000 @ 44.00p Value: £154,000
Daily Mail and General Trust (DMGT) Director name: Mr D M M DuttonAmount purchased: 23,000 @ 408.60p Value: £93,978
Southern Cross Healthcare Group (SCHE) Director name: Mr Jamie BuchanAmount purchased: 44,460 @ 140.50p Value: £62,466
Chaucer Holdings (CHU) Director name: Mr Robert V DeutschAmount purchased: 121,250 @ 47.00p Value: £56,988
Gartmore Group (GRT) Director name: Mr David BarclayAmount purchased: 22,727 @ 220.00p Value: £49,999
Southern Cross Healthcare Group (SCHE) Director name: Mr Christopher FisherAmount purchased: 30,000 @ 140.50p Value: £42,150
Mwana Africa (MWA) Director name: Mr Oliver A G BaringAmount purchased: 285,500 @ 13.00p Value: £37,115
Forth Ports (FPT) Director name: Mr David H RichardsonAmount purchased: 3,000 @ 1,081.00p Value: £32,430
Southern Cross Healthcare Group (SCHE) Director name: Mr Richard MidmerAmount purchased: 21,171 @ 140.50p Value: £29,745
Top Director Sells
Petropavlovsk (POG) Director name: Mr Pavel MaslovskyAmount sold: 2,000,000 @ 1,193.00p Value: £23,860,000
DCC (DCC) Director name: Mr Fergal O'DwyerAmount sold: 100,000 @ € 18.50 Value: € 1,850,000
DCC (DCC) Director name: Mr Tommy BreenAmount sold: 100,000 @ € 18.50 Value: € 1,850,000
BP (BP.) Director name: Mr Byron E GroteAmount sold: 120,000 @ 584.52p Value: £701,424
Gartmore Group (GRT) Director name: Mr Jeffrey Meyer Amount sold: 434,699 @ 220.00p Value: £956,338
DCC (DCC) Director name: Mr Gerard WhyteAmount sold: 50,000 @ € 18.50 Value: € 925,000
Hikma Pharmaceuticals (HIK) Director name: Mr Mazen DarwazahAmount sold: 100,000 @ 515.00p Value: £515,000
DCC (DCC) Director name: Mr Donal MurphyAmount sold: 21,000 @ € 18.50 Value: € 388,500
RM Group (RM.) Director name: Mr Mike GreigAmount sold: 178,039 @ 161.35p Value: £287,266
Gartmore Group (GRT) Director name: Mr Keith Starling Amount sold: 71,962 @ 220.00p Value: £158,316
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How a ‘great view’ from your home can boost its value by 35%A house that comes with a picturesque backdrop could add tens of thousands of pounds to its asking price – but how does each region compare?
-
What is a care fees annuity and how much does it cost?How we will be cared for in our later years – and how much we are willing to pay for it – are conversations best had as early as possible. One option to cover the cost is a care fees annuity. We look at the pros and cons.
