Huntsworth chairman stocks up as CEO announces departure plans

11th Aug 2014 16:39

Lord Myners, the chairman of communications group Hunstworth, has upped his stake in the company with the purchase of 100,000 shares as the group announced the intention of its chief executive to step down. The group also reported its half year results, which revealed a drop in both turnover and profit. Myners bought the shares at 47p each for a total spend of £47,000. Lord Chadlington, the company's chief, said he would leave the company once a suitable replacement had been found.The results showed that profit before tax fell from £8.3m to £6.3m on revenue of £83.1m, which declined 6.5% from £88.9m a year earlier. Basic earnings per share declined from 2.6p to 1.5p.The interim dividend was maintained at 1p a share.Top Director BuysHuntsworth (HNT) Director name: Mr Lord (Paul) MynersAmount purchased: 100,000 @ 47.00p Value: £47,000Henderson Group (HGG) Director name: Ms Angela Seymour-JacksonAmount purchased: 11,082 @ 225.70p Value: £25,012Scapa Group (SCPA) Director name: Mr James WallaceAmount purchased: 10,000 @ 127.45p Value: £12,745EasyJet (EZJ) Director name: Mr Andreas BierwirthAmount purchased: 627 @ 1,270.21p Value: £7,964NR