Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

WH Ireland trio show faith with significant share purchase

WH Ireland trio show faith with significant share purchase

A trio of WH Ireland directors, including new chief executive Richard Killingbeck, have underlined their faith in the firm by snapping up a raft of shares.

Killingbeck (pictured), who was confirmed as the private client stockbroker's head following the surprise departure of Paul Compton at the end of last year, bought 80,000 shares through his Sipp on 14 January. The stake acquired at 55p per share and increases his total holding to 805,000 shares, or 3.4% worth around £440,000.

Meanwhile, WH Ireland head of private clients John Scott bought 110,000 shares also at 55p, increasing his total holding to 234,575 shares or 0.99%.

Finance director Alan Kershaw has also backed the firm, doubling his stake from 20,000 shares to 40,000 representing a 0.17% interest.

The news comes at an uncertain period for WH Ireland, with the group remaining tight-lipped amid talk Compton quit the firm in a boardroom bust-up relating to his personal share dealings.

The group subsequently suspended its Cardiff head head as part of an investigation into personal share trades conducted by its executives.

At 10.40am shares in WH Ireland were unmoved on 57p.

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 Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter