IG Group's chairman Jonathan Davie has lifted his stake in the spread-betting firm, spending about £165,000 on shares.
He took 90,000 shares in the company at just under 183.3p a time, raising his holding to 1m.
When Davie last bought into the company, back in March, he took 190,000 shares at 338p a time.
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
The firm's share price fell heavily last week when it said it had seen a rise in doubtful debts during October, which was a very volatile period on the financial markets.
Davie, a chartered accountant, is a also a non-executive director at Credit Suisse Private Bank.
Top Director Buys
Value: £175,000
Value: £164,970
Value: £69,225
Value: £29,100
Value: £52,500
Value: £52,500
Value: £52,500
Value: £51,000
Value: £42,750
Value: £39,000
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
