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.
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
-
Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
-
Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
