Brooks Macdonald execs sell

published 23 September 2009

The chief executive and two directors of Brooks Macdonald have sold a total of 80,000 shares in the asset management and financial advisory group, a week after it reported better-than-expected full-year results.

Founding director Richard Spencer sold 30,000 shares at 385.60p, netting £115,680, while chief executive Christopher MacDonald and director Jonathan Gumpel pocketed £96,400 each, selling 25,000 shares at the same price.

Last week, the firm posted a 30% rise in full-year revenues and a 57% jump in pre-tax profits.