DIRECTOR’S DEALS

Ian King, 60 Chief executive, BAE Systems THE outgoing chief executive of BAE Systems has cashed in more than 130,000 shares. Ian King, who retires in June, sold 130,026 shares at 611p each on Thursday, making £794,458.86 . Last week the defence firm revealed sales had risen by £1.1bn to £19bn during 2016, mostly due to favourable exchange rates. BAE was also expecting a boost from the Trump administration due to his calls for more defence spending. King will be replaced by chief operating officer Charles Woodburn.