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.
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
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
-
Shein shifts IPO focus to Hong KongThe development piles fresh pressure on London’s beleaguered stock market, which many had hoped would be boosted by Shein’s IPO
-
Scientists turn lead into gold – could it wreck the yellow metal's price?Medieval alchemists have been vindicated after scientists turned lead into gold, but the results aren’t going to crash the gold price any time soon
