- Bunzl director snaps up £50,026 shares
- GlobalData CEO sells £22.5 million shares
- Restore CEO buys 100,000 shares
Jacky Simmonds, non-executive director of specialist international distributer Bunzl (BNZL) has bought 1,445 shares at £34.62 for a total value of £50,026 on 29 August.
Simmonds move comes after Bunzl’s shares hit an all-time high as the firm delivered another full year profit guidance upgrade driven by acquisitions on 27 August.
The FTSE 100 firm also announced a £250 million share buyback programme to be completed by next March.
US investment bank Morgan Stanley raised its target price for the stock to £36.00 from £33.00 on 4 September.
Over the past year Bunzl’s shares have gained 28%.
GLOBALDATA CEO SELLS £22.5 MILLION SHARES
Michael Danson, CEO of GlobalData (DATA:AIM), a London-based data analytics and consulting company has sold 10,000,000 shares at 225p for a total value of £22,500,000 on 30 August.
Danson’s move could be viewed by investors as a spot of profit-taking by the CEO after the shares have gained 40% over the past 12-months.
Back in July, the company reported a 13% rise in pre-tax profit to £26.9 million for the half year ending 30 June.
The company also said at the time that it had made significant transformational progress with its 2024/26 growth transformation plan.
RESTORE DIRECTOR SNAPS UP 100,000 SHARES
Charles Skinner, CEO of data management and technology recycling firm Restore (RST:AIM) has bought 100,000 shares at 280p for a total value of £280,000 on 2 September.
Following this transaction Skinner holds a beneficial interest of 1,646,022 ordinary shares.
Skinner could be capitalising on a recent strong trading update at the end of July.
The group reported a £16.3 million first-half pre-tax profit reflecting increased operating margins in records management and lower group overheads, the company said.
Over the past year shares are up almost 40%,
