Derek Andrew has topped up his holding in Marston's following the brewer and pub group's interim results a week ago.
Andrew, managing director of Marston's Inns and Taverns, spent £53,460 on 45,000 shares purchased at 118.80p each.
He joins non-executive director Neil Goulden, who yesterday purchased about £85,000 in shares.
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
Marston's, which earlier this year were below £1, rallied Wednesday after it agreed terms for a new banking facility that runs until 2013.
The amount of the facility will reduce from the current £400m to £295m in August 2010, in line with the group's requirements. The amount drawn under the current facility as at 4th October 2008 was approximately £240m.
The previous week Wolverhampton-based group, which runs tenanted pubs and whose brands include Martson's Burton Bitter, bucked the sector trend and maintained its final dividend despite lower full year profits and continued tough trading in the current year.
Top Director Buys
Value: £160,002
Value: £45,240
Value: £80,001
Value: £74,655
Value: £64,500
Value: £64,000
Value: £60,750
Value: £57,271
Value: £53,460
Value: $51,705
Top Director Sells
Value: £113,160
Value: £113,160
Value: £100,700
Value: £75,645
Value: £56,580
Value: £33,153
-
Frozen thresholds could push ‘tax freedom day’ to latest date this centuryTax freedom day is the point in the year you stop earning for the taxman and start earning for yourself. A rising tax burden could push it to 12 June this year – the latest date since 1982.
-
Family left with £20k IHT bill because of out-of-date tax adviceFrozen tax thresholds and dated guidance helped drag the estate into an inheritance tax liability despite extensive use of gifting to avoid a bill
