Morgan Sindall CEO sells 500,000 shares

The founder and Chief Executive Officer (CEO) of Morgan Sindall has trimmed his stake in the construction and regeneration company to under a tenth over three millions pounds-worth of shares.John Morgan sold 500,000 shares (equal to a 1.16% holding) at a price of 665p each for a total of £3.3m, taking advantage of the stock's +30% jump so far this year.He now holds just under 4.0m shares in the company, equal to 9.24%.Morgan co-founded Morgan Lovell in 1977 which was "reversed" into William Sindall in 1994 to form Morgan Sindall.Just a few days before the disposal, the firm met market forecasts with its first-half results as it battled hard with "difficult market conditions". Revenues rose 2.0% to £1,019m, though adjusted profit before tax sank 24% to £15.4m.Top Director BuysSThree (STHR) Director name: Mr Gary EldenAmount purchased: 15,149 @ 345.00p Value: £52,264Pressure Technologies (PRES) Director name: Mr Thomas James ListerAmount purchased: 20,200 @ 242.50p Value: £48,985Unilever (ULVR) Director name: Mr Paul S WalshAmount purchased: 1,000 @ 2,585.00p Value: £25,850Top Director SellsMorgan Sindall Group (MGNS) Director name: Mr John Christopher MorganAmount sold: 500,000 @ 665.00p Value: £3,325,000TVC Holdings (TVCH) Director name: Mr David DoyleAmount sold: 1,198,311 @ 80.95p Value: £970,033UBM (UBM) Director name: Mr David LevinAmount sold: 155,078 @ 710.50p Value: £1,101,829TVC Holdings (TVCH) Director name: Mr John TraceyAmount sold: 862,424 @ 80.95p Value: £698,132TVC Holdings (TVCH) Director name: Mr Padraig O'RiordanAmount sold: 833,333 @ 80.95p Value: £674,583Standard Chartered (STAN) Director name: Mr Jaspal BindraAmount sold: 25,398 @ 1,586.88p Value: £403,036Standard Chartered (STAN) Director name: Mr Peter A SandsAmount sold: 24,661 @ 1,577.50p Value: £389,027FirstGroup (FGP) Director name: Mr Martin J GilbertAmount sold: 223,972 @ 108.31p Value: £242,584