Booker directors cash in

A number of directors at Booker have sold millions worth of shares the same day as the cash and carry group said profits and net debt remain in line with expectations.

Finance director Jonathan Prentis and operating director Bryn Satherley each made £2.63m, selling 7.5m shares at 35.00p.

Commercial director Bryan Drew sold 6m shares at the same price, netting £2.1m, while company secretary Mark Chilton sold £420,000 worth of shares.

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

The group's total sales rose by 7.8% in the 12 weeks to 19 June, while non-tobacco sales rose 10.4% and tobacco sales climbed 3.9%.

"Booker continues to make progress in a challenging market," said chief executive Charles Wilson.

"We are helping 414,000 independent businesses compete by improving choice, having competitive prices and enhancing service."

Top Director Buys

Value: £59,403

Value: £42,000

Value: £19,800

Value: £10,005

Top Director Sells

Value: £2,625,000

Value: £2,100,000

Value: £420,000

Value: £296,440

Value: £251,758

Value: £97,368

Value: £78,854

Value: £55,293

Value: £53,466

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.