Outgoing financial director makes £694,000 following sale
Outgoing Ottakar's financial director Edward Knighton has trousered£694,000 following a sale of shares.

The bookseller revealed that Knighton sold 190,000 shares, including 73,077 under its Second Unapproved Share Option scheme, at a price of 363p a share.

Knighton, who announced his departure as the company published its interim results a fortnight ago, retains an interest in Ottakar's with 20,000 shares and has options to buy up to 9,588 shares. His replacement has yet to be announced.

The retailer recorded a pre-tax loss of£2.8 million for the period ending July, mainly because of the absorption of Hammicks bookstores. However, Ottakar's recorded a 19 per cent increase in sales to£68 million for the period.