LONDON (ShareCast) - Navin Agarwal, the Deputy Executive Chairman, of mining group Vedanta, on Thursday disposed of 50,000 shares, reducing his stake to 167.53m.

The director sold the stock at 1,174p a time, earning himself £587,000.

This week the company welcomed Tom Albanese, the former Chief Executive of Rio Tinto, on board as the Chairman of its subsidiary Vedanta Resources Holdings.

Anil Agarwal, Chairman of Vedanta, said of the appointment: "I am excited to welcome Tom to our team and I look forward to him bringing his considerable experience and energy to Vedanta to support our twin aims of delivering sustainable growth and creating long-term value for our shareholders."

Meanwhile, Bill Whiteley, the soon-to-depart Senior Independent Non-Executive Director of Renishaw, this week slimmed down his stake in the FTSE 250 metrology group.

Whiteley, who last month announced his intention not to stand for re-election at the October annual general meeting, disposed of 2,075 shares, taking his holding to 4,690.

In an announcement released late Thursday, it was revealed the director earned himself around £3.95m after selling each share for 190,445p.

Renishaw's share price has made strong gains since releasing its full-year results at the end of July, when the group revealed an extensive new product pipeline, a strategy for each of its business segments, as well as several new product introductions.

The results themselves revealed a decline in pre-tax profits, from £86.05m to £84.45m, after the cost of sales offset a 5% increase in revenue.


Top Director Buys

Conygar Investment Company (CIC)
Director name: Mr Preston Rabl
Amount purchased: 250,000 @ 128.50p
Value: £321,250

Gulf Keystone Petroleum Ltd.(DI) (GKP)
Director name: Mr John Bell
Amount purchased: 72,200 @ 201.00p
Value: £145,122

Avanti Communications Group (AVN)
Director name: Mr F E John G Brackenbury
Amount purchased: 35,000 @ 242.80p
Value: £84,980

Berkeley Group Holdings (The) (BKG)
Director name: Ms Veronica Wadley
Amount purchased: 1,500 @ 2,045.00p
Value: £30,675

Monks Inv Trust (MNKS)
Director name: Mr Karl Sternberg
Amount purchased: 2,750 @ 387.07p
Value: £10,644


Top Director Sells

Greene King (GNK)
Director name: Mr Rooney Anand
Amount sold: 75,576 @ 807.10p
Value: £609,974

UBM (UBM)
Director name: Mr David Levin
Amount sold: 81,988 @ 722.97p
Value: £592,749

Vedanta Resources (VED)
Director name: Mr Navin Agarwal
Amount sold: 50,000 @ 1,174.00p
Value: £587,000

NR

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