DIRECTOR’S DEALS

BELLWAY’S chief executive Ted Ayres has sold off more than £643,500 worth of shares.

Ayres, who has taken time off since August to undergo treatment for a medical condition, sold off 18,768 shares following two days of a drop in the housebuilder’s stock price.

The 55-year-old Ayres received a total compensation of £1.3m last year for the job which he took on in 2013. The Newcastle firm’s group finance director Keith Adey also let go of 10,948 ordinary shares for a total of £375,390.