Wolseley boss buys more shares

A round-up of the biggest director deals today so far.

Wolseley chief executive Claude 'Chip' Hornsby has topped up his holding in the plumbing firm, spending a total of £50,400 in shares.

Hornsby bought 25,000 shares at a price of 201.60p each. He now holds 114,323 shares in the group.

Earlier this month, Wolseley announced a major restructuring plan and a complex £1bn cash-call that it hopes will strengthen its balance sheet and reduce debt.

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The group also scrapped dividends as half-year profits slumped 61% and warned of further job cuts.

Top Director Buys

Value: £50,400

Value: € 33,600

Top Director Sells

Value: £833,033

Value: £660,841

Value: £149,967

Value: £138,579

Value: £83,110

Value: £65,955

Value: £64,564

Value: £27,260