Greene King bosses top up

Directors at Greene King have been topping up their holdings in the pub group and brewer, spending a combined total of nearly £70,000.

Chief executive Rooney Anand was the biggest spender, buying 8,119 shares. Finance boss Ian Bull took 5,137 shares and directors Jonathan Lawson and David Elliott took 1,732 and 1,268 a piece respectively.

They each paid 423.5p a share.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

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

Sign up

Following the purchases Anand has 160,473 shares, Bull has 35,958, Elliott has 179,638 and Lawson 14,785.

Earlier this month the firm, which owns Greene King pubs in England and Belhaven pubs in Scotland, reported profits that beat forecasts it made at the time of its rights issue in April that raised over £200m for the group.

Profit before tax and exceptional items for the 52 weeks ended 3 May fell 15% from the previous year to £118.5m, but that was ahead of the £115m predicted.

Top Director Buys

Value: £34,384

Value: £21,755

Value: £19,000

Value: £18,990

Value: £14,300

Top Director Sells

Value: £2,030,625

Value: £420,386