- Aviva CEO Amanda Blanc buys over 10,000 shares
- Inchcape CEO Nigel Stein makes the most of strong results
- Likewise CEO offloads £2.5 million shares
Amanda Blanc, CEO of Aviva (AV.) has bought 10,597 shares at 474p for a total value of £50,241 along with her husband Kenneth Blanc who has bought 17,121 shares at 468p for a total value of £80,242 on 7 March.
The purchases come after the insurance giant announced a positive set of results with a 9% increase in group operating profit to £1.46 billion for 2023 compared with £1.35 billion in the same year ago period.
General insurance premiums were up 13% and the life insurer increased its final dividend per share of 22.3p to 33.4p by 8%.
Aviva also announced a £300 million share buyback programme.
Aviva and Beazley please with earnings progress and buybacks
Year-to-date Aviva shares have put in a solid performance gaining nearly 7% to the 463p mark.
INCHCAPE CHAIRMAN AND CEO BUYS
Nigel Stein, chairman of Inchcape (INCH) has bought 15,318 shares at 641p for a total value of £98,150 on 7 March.
This followed a purchase of 9.590 shares by chief executive Duncan Tate on 5 March for a total consideration of £59,698.
The moves follow a recent trading update on 5 March in which the FTSE 250 car distributor reported a strong performance for the 12 months to 31 December 2023.
Group revenue was up 41% on a reported basis to £11.4 billion lifted by the purchase of Derco – one of the largest car distributors in Latin America.
Stein who took over as chairman in 2018, might be showing his confidence in the future growth of the firm with this share purchase.
LIKEWISE CEO IN 2.5 MILLION SELL OFF
Tony Brewer, CEO of Birmingham-based domestic and commercial floor coverings distributor Likewise Group (LIKE:AIM) sold a total of 2,500,000 shares at 18p for a total value of £446,485 between 1 March and 4 March.
Following the sale Brewer owns 27.5 million shares, equivalent to 11.3% of the company's outstanding shares.
In a trading update on 6 March the company announced a ‘positive start to 2024’ and a 11.5% increase in sales revenue to £22.8 million to the end of February. Sales in Likewise branded businesses were up by 20.1% to £15.4 million, with average daily sales increasing by 14.5%.
Over the past year however Likewise shares are down by a quarter.
