Nigel Wilson, a senior independent director at the car parts and bicycle retailer Halfords, has nearly doubled his stake in the firm, spending just less than £70,000 on shares.
He took 20,000 at 349p a time and now has 41,000.
Wilson, who is also chief financial officer at the business publisher United Business Media, joined Halfords in May 2004.
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
Halfords has performed well given tough economic conditions over the past year.
In July, the firm said sales in the quarter to end June increased by 3.1%, compared with this time last year, with like-for-like sales growth of 1.3%. Adjusting for the impact of Easter, sales increased by 1.9% representing like-for-like sales growth of 0.1%.
"This sales performance demonstrates an improving trajectory and was underpinned by strong multi channel growth, with Reserve and Collect revenues 55% higher than last year," Halfords said.
Top Director Buys
Value: £400,000
Value: £69,800
Value: £68,750
Value: £32,000
Value: £26,348
Value: £15,750
Top Director Sells
Value: £169,950
Value: £63,000
Value: £38,310
Value: £12,424
-
Four AI ETFs to buyIs now a good time to buy AI ETFs? We examine four AI ETFs that investors might want to add to their portfolio
-
Chase boosts easy-access interest rate - savers could earn 4.75%Chase is offering a boosted interest rate which is fixed for six months, on top of the standard variable rate
