- ASOS CEO dumps stock after weak first-half performance
- Imperial Brands director invests $500,000
- Vodafone CEO awarded over £150,000 worth of shares
Former CEO and co-founder of ASOS (ASC) Nick Robertson has cashed in just more than £1 million worth of shares in the online fast fashion retailer.
Robertson, who helped founded the business in 2000 has sold 250,389 shares at 401p for a total value of £1,004,811 on 29 June 2023. After this sale, Robertson is left with 2,636,025 shares in the company.
The sale of shares comes after a recent weak sales performance which saw the company’s half-year loss widen to almost £300 million.
ASOS is one of the UK’s most shorted shares – its shares are down just under 30% year to date.
The company’s recent performance has been hit by the ongoing cost of living crisis, increased costs, and a recovery in physical retail.
IMPERIAL BRANDS DIRECTOR INVESTS $500,000
Therese Esperdy, non-executive director of multi-national tobacco and vaping company Imperial Brands (IMB) has bought 22,000 American depositary receipts (ADRs) at $22.86, each of Imperial’s ADRs represents one of its ordinary shares, for a total value of $503,019 on 26 June 2023.
Back in May, the Bristol-headquartered consumer products company reported a positive set of full year results benefiting from a foray into vaping, e-cigarettes and other next-generation (NGP) products such as the Pulze device, iD sticks and the vape brand blu.
The company also produces and markets cigarettes, cigars and rolling paper with brands like Davidoff, Gauloises, West, Winston, John Player Special and Lambert & Butler.
VODAFONE CEO DELLA VALLE AWARDED MORE THAN £150,000 WORTH OF SHARES
Vodafone (VOD) chief executive Margherita Della Valle has bought 222,284 shares at 71p for a total value of £158,666 on 27 June 2023.
Della Valle along with Vodafone’s chief technology officer Scott Petty and chief network officer Alberto Ripepi, were all awarded shares due to their continued employment and satisfactory service (part of the Vodafone Global Incentive Plan).
Vodafone recently announced (14 June) plans to merge its UK operation with Three to become the UK’s largest mobile phone operator. It is hoped the merger will be completed by 2024 if it can clear regulatory hurdles.
