News

Mitie chief cuts stake by quarter

09 March 2007 17:22:00

Ian Stewart, chief executive officer of support services firm Mitie, has sold a quarter of his stake in the group.

Stewart disposed 1m shares to raise £2.4m after selling the shares at 242.75p each. He now holds 3m shares in the group.
Top Director Buys

Renold (RNO)
Director name: Mr Matthew Peacock
Amount purchased: 275,000 @ 135.00p
Value: £371,250

Axis-Shield (ASD)
Director name: Mr Svein Lien
Amount purchased: 10,000 @ 233.68p
Value: £23,368

Erinaceous Group (ERG)
Director name: Ms Lucy Clare Cummings
Amount purchased: 75,000 @ 252.00p
Value: £189,000

Erinaceous Group (ERG)
Director name: Mr Neil Graham Bellis
Amount purchased: 75,000 @ 252.00p
Value: £189,000

Erinaceous Group (ERG)
Director name: Ms Lucy Clare Cummings
Amount purchased: 50,000 @ 261.50p
Value: £130,750

Erinaceous Group (ERG)
Director name: Mr Neil Graham Bellis
Amount purchased: 50,000 @ 261.50p
Value: £130,750

ITV (ITV)
Director name: Mr Sir James Crosby
Amount purchased: 75,000 @ 108.50p
Value: £81,375

DS Smith (SMDS)
Director name: Mr Richard Egerton Christopher Marton
Amount purchased: 30,000 @ 201.00p
Value: £60,300

Catlin Group (CGL)
Director name: Mr Michael Lesley Hepher
Amount purchased: 10,000 @ 499.50p
Value: £49,950

HSBC Holdings (HSBA)
Director name: Sir R Brian Williamson
Amount purchased: 5,000 @ 910.30p
Value: £45,515
Top Director Sells

Xstrata (XTA)
Director name: Mr Michael Davis
Amount sold: 251,509 @ 2,410.00p
Value: £6,061,367

Xstrata (XTA)
Director name: Mr Michael Davis
Amount sold: 231,145 @ 2,410.00p
Value: £5,570,594

Mitie Group (MTO)
Director name: Mr Ian Reginald Stewart
Amount sold: 1,000,000 @ 242.75p
Value: £2,427,500

ITE Group (ITE)
Director name: Mr Ian Tomkins
Amount sold: 470,588 @ 165.00p
Value: £776,470

Bradford & Bingley (BB.)
Director name: Mr Robert Dickie
Amount sold: 25,576 @ 426.55p
Value: £109,094

Hansa Trust (HAN)
Director name: Professor Geoffrey Wood
Amount sold: 4,000 @ 1,017.00p
Value: £40,680

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Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

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