Michael Spencer sells Numis stake

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

Michael Spencer, one of the City's richest men, has sold most of his stake in Numis and is stepping down from the board just 8 weeks after admitting using Numis shares to guarantee a bank loan.

IPGL Limited, of which Spencer, his wife and their children's trusts own 55.1%, has offloaded its entire holding of 13.1m shares, or 12.2% of the company, at 120p each.

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