Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Lord Marland lifts WH Ireland stake above £1 million

Lord Marland lifts WH Ireland stake above £1 million

Former Conservative MP Lord Marland of Odstock has used the recent turbulence at the private client stockbroker to pour another £100,000 into the firm.

Marland - who was part of a consortium which invested £2.9 million into WH Ireland back in 2008 - has bought an additional 165,000 shares in the firm worth £94,000 based on its current share price of 57p.

The move lifts Marland's total stake in the firm to 1,769,359 shares, or 7.47%, worth a little more than £1 million.    

The transaction comes shortly after WH Ireland appointed Richard Killingbeck as wealth head following the sudden departure of Paul Compton, who was understood to have left his post amid an investigation into his personal share dealings.    

The upheavel sparked a slide in WH Ireland's share price, which at 57p sits well below its 12-month high of 102p.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Play CEO Tapes: 'we're just a bunch of white dudes sitting here'

CEO Tapes: 'we're just a bunch of white dudes sitting here'

In our brand new series, eight CEOs discuss how the industry could do a better job for female fund managers.

Read More
Your Business: Cover Star Club

Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

Wealth Manager on Twitter