Two Kingspan directors make a million each

Kingspan generated two cash millionaires last month as Dermot Mulvihill and Peter Wilson both traded in a fistful of chips. Their total value ran to £2.4m.

Kingspan, the maker of floor and wall panels, has an annual turnover of £1bn and has been heavily involved in developing the market for insulated cladding panels. Founded in 1972, Kingspan floated in 1989.

Mulvihill is Kingspan’s finance director, while Wilson is managing director of the group’s insulation division.

Close on the Irishmen’s heels came Ashtead chief executive George Burnett, who trousered £950,000. Burnett still holds almost £20m-worth of Ashtead shares.

Company shares sales flow through the fingers of Berkeley directors on a regular basis. The latest beneficiary, finance director Robert Perrins, traded enough company shares during September to boost his salary earnings by £570,000.

In construction, buying company shares is less fashionable than selling them off, but September saw some notable buying activity. Leading from the front was John Samuel, finance director at Renew – his spend of £47,000 enabled him to lift his shareholding to 130,000, a rise of 80,000.

Three of Mitie’s leaders were also shelling out, the biggest spender being Ishbel Macpherson, who added 20,000 shares to her portfolio thanks to an outlay of £40,000.

Graeme Potts and Suzanne Baxter followed the lead, but on a slightly reduced scale.