Electronic components distributor Acal continued to improve today as it emerged that chairman Richard Moon had boosted his stake by almost £50,000.
Moon, who became non-executive chairman in 2005, snapped up 25,000 Acal shares at 108p each, while Synergie Business Limited, a company of which he is a director and major shareholder, bought a further 20,300 at 110p a throw.
He now owns 65,100 shares in the firm that back in November said blamed hefty one-off charges for an £8m interim loss against a £2.6m profit the year before.
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
Exceptional items totalled £9.2m for impairment of Associate, impairment of goodwill, costs of termination of chief executive and the reversal of unutilised provisions set-up on the disposal of the IT Solutions business.
Top Director Buys
Value: £82,500
Value: £40,000
Value: £34,000
Value: £27,000
Value: £22,330
Value: £21,000
Value: £15,950
Value: £11,250
Top Director Sells
Value: £3,010,000
-
Investors pulled £4.2bn from equity funds ahead of Budget tax raidOctober was the third-worst month on record for fund flows, new figures show, as investors sold assets ahead of the Autumn Budget
-
What Keir Starmer's ‘Plan for Change’ means for you - six milestones explainedPrime Minister Keir Starmer has set out six milestones that the public can judge the government by - we reveal Labour's top policy targets
