Feb 7, 2020

Asos chief increases stake 

A few days after the update, Nick Beighton, the group's chief executive, purchased 1,629 shares in the fast-fashion retailer for just over £49,800. Asos has long been an investor favourite, although its share price has fallen considerably from the 7,500p-plus highs it enjoyed in early 2018. In the largest director deal of the past fortnight, IntegraFin founder and executive director Michael Howard disposed of 8.5m shares in the investment platform group, in a transaction worth £39.4m. The shares were bought by institutional investors, through an accelerated book-build run by Barclays and Peel Hunt. The group stressed that the director's role is unchanged, and Mr Howard has agreed not to sell any of his remaining 8.9 per cent stake in the business until the end of July. Since the group's full-year results in December, the husband of chief operating officer Judith Davidson has netted £2.84m from the sale of 610,000 shares.

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