Johnson Matthey's incoming finance boss Robert Macleod has signalled his commitment to his new employers by spending £37,000 on shares in the speciality chemicals company.
He bought 3,000 at 1,236p a time, his first purchase of shares in the company, which refines platinum and makes catalysts for cars.
Macleod joined the board on June 22 and will take over as finance director in September when J N Sheldrick steps down from the role.
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
Macleod served as finance director of design and engineering consultancy group WS Atkins from 2004.
Shares in Johnson Matthey fell sharply towards the end of last year in line with the turmoil that plagued global markets, but have since rallied. They are down by about 25%-30% on the year.
Top Director Buys
Value: £57,300
Value: £37,080
Top Director Sells
-
8 of the best properties for sale with indoor swimming poolsThe best properties for sale with indoor swimming pools – from an award-winning contemporary house in East Sussex, to a converted barn in Hampshire
-
Chinese stocks slump on first trading day of 2025Chinese stocks suffered in the new year from their worst first day of trading since 2016, despite a state stimulus package
