Hargreaves Lansdown shares are up 11.50 pence on the FTSE 250 as its Head of Research sells his shares.

Mark Daimpler, who owns 1,348,187 shares in the company sold off just a small amount, 4000, as he preferred to keep his stake in the company but did not want to lose out on Capitals Gains Tax exemption.

The move follows growing reports of UK company directors secretly selling off large blocks of shares, with homes also flooding on to the market to avoid CGT.

Overall the FTSE 250, made up of predominantly domestic companies was down 1.84 pct today.