With shares in InterContinental Hotels Group (IHG) back to where they were a year ago after a volatile 12 months, now might be a good time to take some profits. At least, that's what Karin Solomons, the wife of chief executive Richard Solomons, seems to think.
Mrs Solomons sold 37,340 shares at a price of 3,156p generating a windfall of nearly £1.2m. This comes just months after the pair generated £2.5m in aggregate through separate disposals amounting to 82,980 shares at 3,078p apiece in August.
The share sale comes at a patchy time for InterContinental. The group's revenue per available room (RevPAR) - a key growth metric used by the hotel industry - rose in the first half of the financial year, but each geography had issues. For the Americas, RevPAR rose 1.9 per cent, but would have been stronger had it not been for a 10.3 per cent fall in the first quarter across oil-exposed regions of the US.
Buys | |||||||
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Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Active Energy | Brian Evans-Jones (fd) | 01 Nov 16 | 150,000 | 2.86 | 4,290 | 1,650,000 | 0.250 |
Active Energy♥ | Matteo Girlanda | 02 Nov 16 | 66,000 | 3.2 | 2,112 | 63,426,000 | 9.622 |
Active Energy | Richard Spinks (ceo) | 01 Nov 16 | 63,000 | 3 | 1,890 | 10,225,000 | 1.551 |
Active Energy | Michael Rowan | 01 Nov 16 | 160,000 | 2.9 | 4,640 | 160,000 | 0.024 |
AstraZeneca♥ | Graham Chipchase | 27 Oct 16 | 100 | 4807.95 | 4,808 | 3,100 | 0.000 |
Barratt Developments | John Allan (ch) | 31 Oct 16 | 11,103 | 452.7 | 50,263 | 34,205 | 0.003 |
Berendsen | Iain Ferguson (ch) | 27 Oct 16 | 10,000 | 1033 | 103,300 | 120,000 | 0.070 |
Berendsen | James Drummond (ceo) | 28 Oct 16 | 10,000 | 994 | 99,400 | 20,000 | 0.012 |
BlackRock Smaller Companies Trust | Robert Robertson | 28 Oct 16 | 5,000 | 901 | 45,050 | 91,062 | 0.190 |
CLS Holdings♥ | John Whiteley (cfo) | 02 Nov 16 | 404 | 1527 | 6,169 | 14,000 | 0.034 |
CVS | Richard Connell (ch) | 28 Oct 16 | 2,109 | 878.5 | 18,528 | 100,000 | 0.166 |
Crossrider | Ido Erlichman (ceo) | 27 Oct 16 | 100,000 | 35 | 35,000 | 100,000 | 0.071 |
Crossrider | Moran Laufer (cfo) | 27 Oct 16 | 50,000 | 35 | 17,500 | 50,000 | 0.035 |
Cyan Holdings* | John Read | 01 Nov 16 | 898,055 | 0.18 | 1,616 | 50,326,751 | 0.333 |
Cyan Holdings* | John Cronin (ch) | 01 Nov 16 | 10,803,574 | 0.18 | 19,446 | 325,549,361 | 2.156 |
Cyan Holdings* | Henry Berry | 01 Nov 16 | 4,165,856 | 0.18 | 7,499 | 75,771,514 | 0.502 |
Cyan Holdings* | Simon Smith (cfo) | 01 Nov 16 | 4,873,822 | 0.18 | 8,773 | 187,884,843 | 1.244 |
Cyan Holdings* | Paul Ratcliff | 01 Nov 16 | 989,259 | 0.18 | 1,781 | 9,702,563 | 0.064 |
EG Solutions | George Rolls | 31 Oct 16 | 16,450 | 49.5 | 8,143 | 16,450 | 0.073 |
EG Solutions | Nigel Payne (ch) | 31 Oct 16 | 16,450 | 49.5 | 8,143 | 16,450 | 0.073 |
Equiniti | Guy Wakeley (ceo) | 02 Nov 16 | 5,128 | 195 | 10,000 | 1,319,813 | 0.440 |
Inchcape | John Langston | 01 Nov 16 | 302 | 650.5 | 1,965 | 3,314 | 0.001 |
Inchcape | Alison Cooper | 01 Nov 16 | 242 | 650.5 | 1,574 | 5,069 | 0.001 |
Inchcape | Coline McConville | 01 Nov 16 | 302 | 650.5 | 1,965 | 1,923 | 0.000 |
Inchcape | Nigel Stein | 01 Nov 16 | 241 | 650.5 | 1,568 | 9,315 | 0.002 |
Inchcape | Till Vestring | 01 Nov 16 | 426 | 650.5 | 2,771 | 64,389 | 0.015 |
JPMorgan Mid Cap Investment Trust | Richard Huntingford | 02 Nov 16 | 6,000 | 866 | 51,960 | 7,500 | 0.031 |
Legal & General | Richard Meddings | 01 Nov 16 | 1,317 | 208.8 | 2,750 | 22,492 | 0.000 |
Legal & General | Carolyn Bradley | 01 Nov 16 | 857 | 208.8 | 1,789 | 14,891 | 0.000 |
Legal & General | Rudy Markham | 01 Nov 16 | 2,376 | 208.8 | 4,961 | 292,904 | 0.005 |
Legal & General | Stuart Popham | 01 Nov 16 | 972 | 208.8 | 2,030 | 67,658 | 0.001 |
Midwich♥ | Andrew Herbert (ch) | 28 Oct 16 | 10,000 | 220 | 22,000 | 20,000 | 0.025 |
North Midland Construction♥ | Robert Moyle (ch) | 28 Oct 16 | 3,200 | 160 | 5,120 | 464,608 | 4.577 |
Oakley Capital Investments | Peter Dubens | 27 Oct 16 | 260,000 | 146.5 | 380,900 | 1,410,000 | 0.743 |
Pacific Assets Trust | Robert Talbut | 02 Nov 16 | 4,729 | 252.25 | 11,929 | 4,729 | 0.004 |
Parity | Alan Rommel (ceo) | 28 Oct 16 | 200,000 | 8 | 16,000 | 210,632 | 0.207 |
Parity | David Firth | 01 Nov 16 | 100,000 | 8.75 | 8,750 | 100,000 | 0.098 |
Parity | Roger Antony (fd) | 28 Oct 16 | 100,000 | 8 | 8,000 | 100,000 | 0.098 |
Pendragon♥ | Mel Egglenton (ch) | 28 Oct 16 | 132,971 | 29.857 | 39,701 | 448,223 | 0.031 |
Pendragon | Jeremy King | 28 Oct 16 | 66,483 | 29.857 | 19,850 | 145,030 | 0.010 |
Pendragon | Martin Casha | 28 Oct 16 | 664,869 | 29.857 | 198,510 | 8,794,301 | 0.610 |
Pendragon | Trevor Finn (ceo) | 28 Oct 16 | 997,306 | 29.857 | 297,766 | 18,216,623 | 1.265 |
Schroder UK Mid Cap Fund | Robert Talbut | 28 Oct 16 | 2,564 | 414 | 10,615 | 5,064 | 0.014 |
Shires Income | Robert Talbut | 27 Oct 16 | 5,471 | 218 | 11,927 | 10,471 | 0.035 |
Time Out | Julio Bruno (ceo) | 28 Oct 16 | 70,624 | 141 | 99,580 | 70,624 | 0.054 |
Utilitywise♥ | Brendan Flattery (ceo) | 31 Oct 16 | 60,000 | 165.369 | 99,221 | 60,000 | 0.077 |
VPC Speciality Lending Investments♥ | Richard Levy | 31 Oct 16 | 78,287 | 80 | 62,630 | 1,033,076 | 0.270 |
Venn Life Sciences Holdings | Allan Wood (ch) | 31 Oct 16 | 65,000 | 21.5 | 13,975 | 65,000 | 0.108 |
Venn Life Sciences Holdings | Allan Wood (ch) | 01 Nov 16 | 165,000 | 21.73 | 35,855 | 230,000 | 0.382 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Eco Animal Health♥ | Peter Lawrence (ch) | 28 Oct 16 | 140,000 | 500 | 700,000 | 9,798,477 | 15.077 |
Equiniti♥ | John Stier (cfo) | 27 Oct 16 | 30,000 | 20.329 | 6,099 | 448,910 | 0.150 |
Equiniti | John Stier (cfo) | 27 Oct 16 | 295,000 | 20.329 | 59,971 | 478,910 | 0.160 |
Equiniti | Kevin Beeston (ch) | 27 Oct 16 | 368,914 | 203.29 | 749,965 | 506,304 | 0.169 |
GW Pharmaceuticals | Geoffrey Guy (ch) | 27 Oct 16 | 138,318 | 804 | 1,112,077 | 13,379,534 | 4.424 |
GW Pharmaceuticals | Geoffrey Guy (ch) | 28 Oct 16 | 31,682 | 790 | 250,288 | 13,347,852 | 4.413 |
GlaxoSmithKline | Sir Andrew Witty (ceo) | 27 Oct 16 | 10,000 | 1636.5 | 163,650 | 1,154,886 | 0.024 |
InterContinental Hotels♥ | Richard Solomons | 31 Oct 16 | 37,340 | 3156.685 | 1,178,706 | 403,315 | 0.204 |
Surgical Innovations♥ | Nigel Rogers (ch) | 01 Nov 16 | 483,809 | 3.125 | 15,119 | 2,140,000 | 0.438 |
Surgical Innovations | Nigel Rogers (ch) | 01 Nov 16 | 723,222 | 3.125 | 22,601 | 2,623,809 | 0.537 |
* placing/tender/open offer ♥ spouse/connected party |