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
-
RICS: Housing market continues to strengthen but 2025 could be challengingThe latest survey by the Royal Institution of Chartered Surveyors reports a resilient UK housing market, but warns of headwinds next year
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrencyAccording to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
