The chief executive of Telecom Plus, Charles Wigoder, has upped his stake in the multi-utility by almost £60,000, it emerged today.
Wigoder bought 20,000 shares for 299.75p each, taking his total holding to 16.1m shares, or 24.16% of the business.
In November, the group reported a 55% increase in pre-tax profit for six months ended 30 September 2008 to £9.8m on revenue up 25% to £88.9m.
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
"We are on target to report record revenue, record pre-tax profits and a record dividend for the full year, and look forward to the future with great confidence," he said at the time.
Top Director Buys
Value: £599,890
Value: £249,955
Value: £59,960
Value: £57,750
Value: £25,000
Value: £13,250
-
The most resilient ski resorts in the world – where is the best place for snow retention?Luxury ski resorts are thriving, with some destinations better positioned to weather the storm of warmer winters than others. We look at the most resilient locations for snow
-
Clubrooms by No1 Lounges review: A luxury airport lounge for escaping the hustle and bustleMoneyWeek visits Clubrooms by No 1 Lounges, an airport lounge intended to elevate the pre-flight experience for passengers seeking privacy
