New Johnson Matthey finance boss takes stake

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.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

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

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.