- Hilton Food CEO offloads £129,110 worth of stock
- Greencore director buys 30,000 shares
- Victrex CEO invests £37,873
Robert Watson, chairman of retail meat packing outfit Hilton Food Group (HFG) sold 14,747 shares at 876p in a trade with a total value of £129,110 on 6 June.
Watson joined the group as CEO back in 2002, over the past year Hilton’s shares have gained 28%.
There could be a spot of profit-taking with Watson’s move, back in April the FTSE 250 company reported a positive set of full year results with operating profit up 59.4% to £86.1 million, sales were up 3.7%.
GREENCORE DIRECTOR BUYS 30,000 SHARES
Alistair Murray, non-executive director of Dublin-headquartered convenience foods giant Greencore (GNC) has bought 30,000 shares at 169p for a total value of £50,760 on 5 June.
Murray’s move comes after the company reported a strong set of first half results slightly ahead of forecasts.
The company also plans to return £50 million to shareholders over the next 12 months, starting with a share buyback of up to £30 million, which is expected to be completed in the next six months.
VICTREX CEO UPS STAKE
Jakob Sigurdsson, CEO of polymer manufacturer Victrex (VCT) has bought 3,000 shares at £12.59 for a total value of £37,783 on 3 June.
This purchase follows a similar sized amount of 3,000 shares at £13.11 for a total value of £39,354 on 14 May.
Over the past year shares have fallen nearly 20%.
Recently the company announced a 40% fall in underlying pre-tax profit of £28 million for the six months ending 31 March 2024 hit by high inventory levels and recent ‘industry destocking’.
