LONDON (ShareCast) - Directors at tenanted pub group Enterprise Inns have taken the opportunity to pocket some profits following a strong rally in the firm’s share price.

Chief executive Ted Tuppen sold 300,000 shares at 167.01p a time, or a total of about £500,000, leaving him with just under 2.9m shares in the firm.

The share price of Enterprise Inns has rallied strongly since December when Tuppen bought 185,000 shares at 71.9p a time.

It received a boost last month when it updated the market, saying that its underlying trading performance appears to be stabilising, with the rate of decline in beer sales reducing. The firm, which rents out thousands of pubs across England and Wales, has sold nearly 300 pubs this year as it seeks to balance its books.

Tuppen was joined in his latest sale by chief operating officer Simon Townsend, who also bought a big chunk back in December. He today sold 67,500 shares at 172.7p a time.


Top Director Buys

Jupiter European Opportunities Trust (JEO)
Director name: Mr J D A Wallinger
Amount purchased: 35,000 @ 147.50p
Value: £51,625

Sanderson Group (SND)
Director name: Mr Christopher Winn
Amount purchased: 150,000 @ 16.00p
Value: £24,000

Drax Group (DRX)
Director name: Mr Anthony (Tony) James Quinlan
Amount purchased: 2,500 @ 439.90p
Value: £10,998


Top Director Sells

Berkeley Group Holdings Units (BKG)
Director name: Mr Gregory J Fry
Amount sold: 150,000 @ 894.00p
Value: £1,341,000

Enterprise Inns (ETI)
Director name: Mr Graham E (Ted) Tuppen
Amount sold: 300,000 @ 167.00p
Value: £501,000

Enterprise Inns (ETI)
Director name: Mr W Simon Townsend
Amount sold: 67,501 @ 172.70p
Value: £116,574

Energy XXI (Bermuda) (Reg S) (EXXS)
Director name: Mr David West Griffin
Amount sold: 35,217 @ $0.65
Value: $22,891

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