Fiberweb chief exec trims stake
A round-up of the biggest director deals today so far.
Daniel Dayan, chief executive of Fiberweb, has sold £455,000 worth of shares in the fabrics group.
Dayan sold 700,000 ordinary shares at a price of 65p each. He now owns 900,394 shares, or 0.74%, in the company.
Last month, Fiberweb announced it slipped into losses of £13m in the half year to June as revenues dropped, though the firm added that there are some signs the market is now stabilising.
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
Revenues fell by 6.8% to £242.5m reflecting the impact of both the pass-through effect of lower raw material prices and lower volumes.
Top Director Buys
Value: £270,000
Top Director Sells
Value: £1,704,000
Value: £908,444
Value: £455,000
Value: £386,659
Value: £106,641
Value: $100,000
Sign up for MoneyWeek's newsletters
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.
-
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"?
By Kalpana Fitzpatrick Published
-
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
By Katie Williams Published