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
-
Rightmove: UK asking prices hit record high but Britain enters buyer’s marketHigher property taxes are stifling the typically-busy spring selling season and buyers are benefiting from more choice, meaning sellers must price their homes more competitively
-
Inheritance tax reforms: government urged to rethink curbs on rural reliefsMPs want the government to delay changes to inheritance rax reliefs for farmers
