IRG.L Share News (IRG)

Timothy Mitchell, the Group Underwriting and Claims Director of RSA Insurance Group, has sold 77,500 shares a few weeks after the firm posted a significant decline in profits. Mitchell traded in the shares for 113.48p each, earning himself a total of £87,947. At the beginning of the month the firm claimed a solid performance in a challenging environment in the first half of 2012, even though profits fell by more than a third. Profit before tax declined 38% to £233m in the six months to the end of June from £376m in the first half of 2011. Net written premiums edged up 2% to £4,276m from £4,188m the year before. That represents a slow-down from the first quarter, when net written premiums were up 5% to £2.2bn. Top Director BuysAquarius Platinum Ltd. (AQP) Director name: Mr Nicholas T SibleyAmount purchased: 100,000 @ 37.88p Value: £37,890Independent Resources (IRG) Director name: Mr Timothy Bidewell JamesAmount purchased: 167,500 @ 8.50p Value: £14,238Independent Resources (IRG) Director name: Mr Timothy Bidewell JamesAmount purchased: 167,433 @ 8.50p Value: £14,232