Howden Joinery (HWDN) chief executive Matthew Ingle's offloading of 1.4m shares ahead of a potentially debilitating Brexit vote would normally be enough to set alarm bells ringing. But rather than take this as a sign of bad times to come, investors reacted to the announcement by sending the kitchen specialist's shares up 3 per cent.
That response suggests the market is still buzzing from the latest trading update. In the 16 weeks to 16 April 2016, the group's aggressive investment strategy triggered a 9 per cent rise in UK revenue. Talk of "stable" conditions in a time of global economic uncertainty was welcomed by investors.