John Hutson, chief executive officer of the budget pub group JD Wetherspoon, benefited from the firm's ability to buck the market trend today as he sold shares for a handsome profit.
He sold 20,000 shares at 391.4p a time and transferred 5,000 to his wife who sold them at the same price.
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
The transactions leave him with just less than 100,000 shares.
While the past year has been a grim one for most companies, shares in JD Wetherspoon are up by 60% on the year.
The transactions took place on Friday, when JD Wetherspoon posted half year figures pretty much in line with expectations and said its pubs have continued to trade well since the end of the period.
Top Director Buys
Value: £113,000
Value: £75,376
Value: £53,400
Value: £53,400
Value: £44,000
Value: £42,526
Value: £40,000
Value: £25,327
Value: £24,633
Value: £19,435
Top Director Sells
Value: £823,000
Value: £78,280
Value: £19,570
Value: £11,351
-
Car finance compensation: FCA warns drivers against using rip off claims firms for share of £18bnThe FCA estimates most eligible motorists will receive around £950 in compensation per agreement – and said they won’t need a claims management company or law firm to access a redress scheme
-
Small UK industrial stocks are hidden gemsOpinion Ed Wielechowski of the Odyssean Investment Trust highlights three of his favourite British small-cap industrial stocks
