Feb 19, 2021

Ocado directors buy in as shares wobble

Two Ocado directors bought shares in the company last week, taking advantage of a wobble in the share price following the release of a mixed 2020 full-year result. Non-executive directors Richard Haythornthwaite and John Martin both bought about £100,000 worth of shares, after the market knocked 5 per cent off the group's value over the course of last week. Hargreaves Lansdown co-founder Peter Hargreaves has sold shares worth £300m via a placing with institutional investors. On the same day as Hargreaves' disposal, Dunelm disclosed that deputy chairman Will Adderley had sold 15m shares worth £192m via an accelerated bookbuild. The group said that the sale was aimed at "Achieving greater portfolio diversification" on the part of Adderley, who last disposed of shares in the retailer in 2016.

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