WH Smith finance boss sells more shares
A round-up of the biggest director deals today so far.
WH Smith's financial director Robert Moorhead has sold nearly £240,000 worth of shares in the newsagent chain.
He offloaded 53,896 shares at 445.2p a time and now has 176,504.
The firm's shares have rallied since he last offloaded shares in February, pocketing 360.9p a time for 10,197 shares
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
In a trading update in June, WH Smith, which operates high street stores as well as smaller outlets at train stations and airports, said like-for-like sales in the first 13 weeks of the second half were down 4% on the same period last year, with total sales up 1%.
"The economic environment remains uncertain and, whilst we continue to be cautious about consumer spending, we are confident in the outcome for the full year," it added
However, the firm has benefitted from a broader market rally, with sentiment boosted by cheery economic news and encouraging interim results from several companies that reported figures for the first six months of 2009.
WH Smith, whose financial year runs to 31 August, reports its full-year results on October 15.
Top Director Buys
Value: £492,584
Value: £20,900
Value: £14,725
Top Director Sells
Value: £416,042
Value: £400,049
Value: £396,300
Value: £327,060
Value: £298,296
Value: £296,370
Value: £259,044
Value: £239,945
Value: £219,795
Value: £169,050
-
Buying a property is cheaper than renting again – how much could you save?
News Zoopla research shows it is now 8% cheaper to buy than rent. We reveal the places where you can save more by getting on the property ladder.
By Marc Shoffman Published
-
Is now a good time to invest in India?
Should you invest in India? Its market has stood out of the emerging market pack, helped by a growing pool of domestic investors.
By Cris Sholto Heaton Published