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UK bosses went on share-buying spree after EU referendum

Discussion in 'Market News' started by Lily, Jul 27, 2016.

  1. Lily

    Lily Forum Member

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    Sectors hardest hit by news of Brexit – banks, housebuilders, retailers and travel companies – saw biggest director purchases

    Britain’s top company bosses went on a share-buying spree in the immediate aftermath of the EU referendum, spending more money on their own stock than at any time in the last decade.

    Directors of FTSE 100 and FTSE 250 companies have spent more than £18.5m buying shares in their own firms since the 23 June vote, according to data compiled for FT Money by the broker Olivetree Financial. “This is the largest amount of individual director buys in at least 10 years,” Olivetree said.

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