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Whitbread chief keeps the faith

Tue, 13th Dec 2011 15:39

Whitbread chief executive Andy Harrison made a firm declaration of his faith in the firm, purchasing nearly £200,000-worth of shares on the same day the company admitted sales growth had slowed.The Costa Coffee and Premier Inn owner disappointed investors after the figures suggested that even the company's coffee shops are starting to run out of steam. Although total sales for the group's third quarter - the 13 weeks to December 1 - were up 11.4% on a like-for-like basis, sales compared to the previous half were down. Harrison, who purchased 13,338 shares at 1,490.00p each, said: "Although this is a reflection of the general economic climate, I would say that's pretty impressive growth in total sales." Costa Coffee was Whitbread's best performing division, but saw LFL sales growth drop from 6.7% to 3.8% from one half the next, while sales at Premier Inn hotels grew just 2.6% in the third quarter compared to 5.2% in the previous half."Our like-for-like sales performance keeps us on track to deliver full year results in line with expectations," Harrison added. Top Director BuysWhitbread (WTB) Director name: Mr Andy Harrison Amount purchased: 13,338 @ 1,490.00p Value: £198,736BATM Advanced Communications Ltd. (BVC) Director name: Dr Zvi MaromAmount purchased: 1,000,000 @ 12.43p Value: £124,300Greencore Group (GNC) Director name: Mr Alan WilliamsAmount purchased: 150,000 @ € 0.64 Value: € 96,000Northern Investors Co (NRI) Director name: Mr John C BarnsleyAmount purchased: 11,089 @ 257.00p Value: £28,499Consort Medical (CSRT) Director name: Mr Jim DickAmount purchased: 5,000 @ 544.53p Value: £27,226Total Produce (TOT) Director name: Mr Frank DavisAmount purchased: 31,828 @ 33.77p Value: £10,748Total Produce (TOT) Director name: Mr John Frank GernonAmount purchased: 31,828 @ 33.77p Value: £10,748Total Produce (TOT) Director name: Mr Carl McCannAmount purchased: 31,828 @ 33.77p Value: £10,748Total Produce (TOT) Director name: Mr Rory ByrneAmount purchased: 30,075 @ 33.77p Value: £10,156Top Director SellsNorthern Investors Co (NRI) Director name: Mr John C BarnsleyAmount sold: 11,839 @ 300.00p Value: £35,517Northern Investors Co (NRI) Director name: Mr Frank NealeAmount sold: 4,400 @ 300.00p Value: £13,200NR
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24 Apr 2013 10:14

Total Produce disposes of Capespan shareholding for 22m euros

Fresh fruit, vegetables and flowers producer Total Produce has completed the sale of its 25.3 per cent shareholding in Capespan Group to investment company Zeder Financial Services for a cash consideration of 22m euros. The group said that the sale would give rise to a profit on disposal for Total

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7 Mar 2013 15:42

Admiral Group Chairman trades in 100,000 shares

Alastair Lyons, the long-standing Chairman of Admiral Group, the non-life insurance giant, reduced his stake by 100,000 shares in the wake of a strong set of full year results. In a sale made on behalf of his wife, Lyons disposed of the shares at 1,314p each, shrinking his holding to 392,152 share

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3 May 2012 13:59

Small caps round-up: Tracsis, Total Produce, Sweett

Tracsis, which helps transport companies organise their schedules and count passengers, has secured a further contract with a major worldwide rail operating group for use of its resource optimisation software. The value of the contract was not revealed. The agreement secures software licence revenue

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13 Mar 2012 16:13

Galliford Try CEO buys shares while his other firm sells

Greg Fitzgerald, the Chief Executive of Galliford Try, the FTSE 250 housebuilding and construction firm, has topped up his stake in the company. The director bought almost £50,000-worth of shares in the firm at the same time Crownway Builders, a company in which Fitzgerald owns 37.5%, sold off mor

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6 Sep 2011 14:48

Flat half year for Total Produce

Fresh food provider Total Produce saw virtually no change in its half year results with revenue and pre-tax profit remaining stable. Revenues rose just 1% from €1.2m to €1.21m resulting in no movement for the pre-tax profit, which remained at £21.7m. Chairman Carl McCann, said: "Total Produce ha

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4 Mar 2010 18:22

Small caps round-up: Hutchison China Meditech, Huveaux, Metrodome......

Hutchison China Meditech says that it is looking for investors in its research and development business. It would like to sell up to 20% of the business to raise additional cash prior to a flotation in a couple of years' time. Hutchison Whampoa owns 71.6% of the AIM-quoted company, which reported

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8 Sep 2009 07:39

Total Produce ekes out H1 revenue gain

Fruit and vegetable distributor Total Produce said it was satisfied with its half year results as earnings came in line with expectations. The group said revenue, including group share of joint ventures and associates for the six months ended 30 June 2009 increased by 1.2% to €1,311m helped by con

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