Robert Wiseman FD sells

Dairy firm Robert Wiseman saw its finance director William Keane halve his stake in the group.

Keane and his wife Denise Keane sold a total of 20,000 shares at 380p each to raise £76,000. After the transaction, his holding was reduced to 21,100 shares, which is 0.03% of the company.

Last month, the Scottish dairy firm reported an 8.6% drop in annual adjusted operating profit after significant cost increases in the first half of the year.

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The dairy firm, whose brands include Fresh'n'Lo milk, said while it was pleased with the improved profits in the second half, continued cost and competition pressures, "is likely to result in our operating margin pence per litre in the current year being similar to the average achieved in the 53 week period to 4 April 2009."

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Value: £673,629

Value: £76,000