{"id":2027611,"date":"2019-03-20T07:47:34","date_gmt":"2019-03-20T07:47:34","guid":{"rendered":"http:\/\/www.thebusinessdesk.com\/westmidlands\/?p=2027611"},"modified":"2019-03-20T07:58:08","modified_gmt":"2019-03-20T07:58:08","slug":"directors-buy-in-sparks-share-price-spike","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027611-directors-buy-in-sparks-share-price-spike","title":{"rendered":"Director&#8217;s buy-in sparks share price spike"},"content":{"rendered":"<p>Shares in manufacturer Victoria have jumped up 25% in two days following the \u00a31m-plus share purchase by non-executive director Alexander Anton.<\/p>\n<p>Victoria&#8217;s shares closed at 326p on Thursday on the Alternative Investment Market, but climbed to 413p last night &#8211; adding more than \u00a3100m to the company&#8217;s market value.<\/p>\n<p>Anton invested \u00a31.22m in share purchases on Wednesday and Thursday last week, buying at 321p and 320p as the shares hit a three-year low.<\/p>\n<div class=\"visualizer-front-container\" id=\"chart_wrapper_visualizer-2027609-1738439259\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-2027609\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}<\/style><div id=\"visualizer-2027609-1738439259\" class=\"visualizer-front  visualizer-front-2027609\"><\/div><!-- Not showing structured data for chart 2027609 because description is empty --><\/div>\n<p>Alexander Anton is the former chairman of Victoria Carpets and the great-grandson of one of the carpet maker&#8217;s founding partners.<\/p>\n<p>The Kidderminster-based group, which makes floorcoverings, has endured a difficult few months on the markets after a botched plan to refinance caused its shares to fall by more than one-third last October.<\/p>\n<p>Despite robust updates in November and February, investors took a dim view of the company\u2019s decision to grow market share instead of profits and its share price had continued to slide.<\/p>\n<p>Victoria is the largest manufacturer of carpet in the UK and the second largest in Australia, as well as the largest manufacturer of underlay in both countries.<\/p>\n<p>Last month Victoria told the stock market that it estimated the market in the UK and Australia was down 6-8% and was showing no growth in Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manufacturer&#8217;s market value up by \u00a3100m in two days<\/p>\n","protected":false},"author":18,"featured_media":2027612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"coauthors":[81],"class_list":["post-2027611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-featured-story"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Director&#039;s buy-in sparks share price spike | TheBusinessDesk.com<\/title>\n<meta name=\"description\" content=\"Manufacturer&#039;s market value up by \u00a3100m in two days\" \/>\n<meta name=\"robots\" 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