Domino's vice chairman sells £1m slice

Colin Halpern, vice chairman of the pizza delivery firm Domino's, has pocketed more than £1m after offloading some of his shares in the group.

H S Real, a company owned by a discretionary trust, the beneficiaries of which are his children, sold 500,000 shares at 205p a share.

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

Back in February, H S Real offloaded 2.5m shares in Domino's at 210p a time for a cool £5.25m.

Unlike many companies in the current climate, the Domino's share price has held up well over the past year in spite of all the turmoil in the economy.

The firm appears to have benefited from consumers' tendency to cut back on more expensive luxuries such as restaurant meals while still treating themselves as they stay at home.

Last month, like-for-like sales in the 501 mature stores were up 9.3% in the 13 week period to the end of March, which includes the unseasonal outbreak of snow in February, compared with 12.4% in 450 mature stores last year.

Top Director Buys

Value: £500,023

Value: £201,273

Value: £98,750

Value: £94,716

Value: £60,186

Value: $60,000

Value: £57,375

Value: £38,750

Value: £18,850

Top Director Sells

Value: £1,248,221

Value: £1,025,000

Value: $755,500

Value: £102,221

Value: £62,500

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.