Wigoder spends £60k on Telecom Plus stake

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.

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"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.

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