Travis Perkins big wheel shovels out shares



LONDON (ShareCast) - Arthur Davidson, the Divisional Chairman of Specialist Merchanting at builders' merchant Travis Perkins (Other OTC: TVPKF.PK - news) , sold two lots of 5,000 shares on Friday.

In the first tranche, the director sold the shares at 1,085.23p for a total of £54,262, and in the second the other 5,000 at 1,089p for £54,450.

Following the sale Davidson holds 36,558 shares in the company, equal to less than 0.1% of the total share capital.

The stock has performed well over the past four months, up from around 900p at the start of June. Over the past year shares have risen almost 43%, equal to 326p.

In the six months ended June 30th pre-tax profit after exceptional items rose from £129.2m to £162m.

The company said at the half year point that it is confident of meeting full year expectations for the 2012 financial performance.

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