Halfords new chairman starts assembling stake
A round-up of the biggest director deals today so far.
Halfords' new chairman Dennis Millard has bought his first shares in the car parts and bicycle retailer, spending more than £45,000.
He bought 15,000 shares at 310p a time.
The company's shares have edged up since last week, when chief executive David Wild took 20,000 shares at 305p a time.
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
Earlier this month, Halfords upped its dividend after delivering a slightly better than expected 2.4% rise in full-year profits.
Profit before tax and exceptional items for the 52 weeks to 27 March was £92.4m compared with the previous year's £90.2m. Market consensus was for adjusted profit before tax of £91.5m.
Profits rose despite a 0.3% drop in revenue to £794.7m, also better than the expected £790m, with like-for-like sales down by 3.3%.
Millard, who joined the company as chairman on 28 May, is also chairman of newspapers and magazines wholesaler Smiths News.
Top Director Buys
Value: £46,530
Value: £22,500
Value: € 18,562
Value: £16,359
Value: £15,505
Value: £13,900
Value: £13,332
Value: £12,000
Value: £11,000
Value: £10,080
Top Director Sells
Value: £50,000
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Parents face £1,000 'nanny tax' – how to afford it
Hiring a nanny is about to become even more of an expensive hassle for families, especially those in London. Here's how to cut costs
By Ruth Jackson-Kirby Published
-
Business rates relief to be slashed – how to cut costs
Labour has promised to reform business rates, the corporate equivalent of council tax
By David Prosser Published