LONDON (ShareCast) - Greg Fitzgerald, the Chief Executive of Galliford Try, the FTSE 250 building group, has reduced his stake in the company by 300,000 shares just a week after announcing the group is now 'well positioned to deliver further profitable growth'.

Fitzgerald, who has occupied the role of CEO since 2005, traded in the shares at 724.10p each, earnings a total of £2.17m from the transaction.

In a statement made on November 9th, Fitzgerald said that while the economic outlook continued to be uncertain, both the housebuilding and construction divisions had made a good start to the financial year.

The firm's housebuilding arm reported 7% growth in sales to £460m in the period from July 1st to November 8th.

The company added that an encouraging autumn selling season had been maintained in recent weeks.

Sales per outlet were flat at 0.51 per week during the period, compared to the year before, averaging 0.62 during the autumn selling season. However, sales prices were slightly ahead of expectations.

Fitzgerald now holds 676,193 shares in the company, equal to 0.8% of the issued share capital.


Top Director Buys

Computacenter (CCC)
Director name: Mr Greg Lock
Amount purchased: 28,025 @ 352.94p
Value: £98,911

CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 10,000 @ 665.00p
Value: £66,500

Centaur Media (CAU)
Director name: Mr Colin Morrison
Amount purchased: 100,000 @ 42.20p
Value: £42,200

Lok'n Store Group (LOK)
Director name: Mr Richard Holmes
Amount purchased: 27,500 @ 108.50p
Value: £29,838

CLS Holdings (CLI)
Director name: Mr Richard Tice
Amount purchased: 4,459 @ 669.00p
Value: £29,831

Macfarlane Group (MACF)
Director name: Mr Michael (Mike) Arrowsmith
Amount purchased: 100,000 @ 25.00p
Value: £25,000

Dialight (DIA)
Director name: Mr Bill Ronald
Amount purchased: 2,350 @ 1,055.00p
Value: £24,792


Top Director Sells

Galliford Try (GFRD)
Director name: Mr Greg Fitzgerald
Amount sold: 300,000 @ 724.10p
Value: £2,172,300

M Winkworth (WINK)
Director name: Mr Anthony Snarey
Amount sold: 112,500 @ 85.50p
Value: £96,188

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE