LONDON (ShareCast) - Paddy Power non-executive director Brody Sweeney has sold all his shares in the Irish bookie.

He sold 5,550 shares at €28.845 (3,403.71p) each, raising just over £135,000. The sale follows the company’s trading statement earlier this week.

Sweeney is the founder of O'Brien's Irish Sandwich Bars and became a non-exec of Paddy Power in 2005.

His fellow non-exec Stewart Kenny, a co-founder of Paddy Power, bought 209 shares at £24.46 each. That took his shareholding to 445,020 shares.

Paddy Power said trading since 1 July has been strong, with international and UK retail activities continuing to grow and Irish retail, online and telephone operations performing well, though Irish economic conditions have become more challenging.

‘The strong growth in group profitability in the first six months has continued into the second half,’ said chief executive Patrick Kennedy.

Paddy Power is creating 500 jobs in Ireland and other new jobs in the UK and Australia.

Top Director Buys

Banco Santander SA (BNC)
Director name: Mr Emilio Botin
Amount purchased: 22,985 @ 705.26p
Value: £162,104

Banco Santander SA (BNC)
Director name: Mr Francisco Javier Botin
Amount purchased: 22,985 @ 705.26p
Value: £162,104

Celtic (CCP)
Director name: Mr Brian Duffy
Amount purchased: 107,000 @ 46.50p
Value: £49,755

Fidelity Japanese Values (FJV)
Director name: Sir Laurence Magnus
Amount purchased: 40,000 @ 49.64p
Value: £19,856

Keller Group (KLR)
Director name: Mr Richard T Scholes
Amount purchased: 3,000 @ 550.00p
Value: £16,500


Top Director Sells

Paddy Power (PAP)
Director name: Mr Brody Sweeney
Amount sold: 5,550 @ 3,403.71p
Value: £135,669

Shanta Gold Ltd. (SHG)
Director name: Mr Walter David Scott
Amount sold: 200,000 @ 27.50p
Value: £55,000

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