TV shopping duo bank £10m

The co-founders of television shopping group Ideal Shopping Direct cashed in £10m (€14.6m) of shares today as annual profits more than trebled.

Wed, 02 Mar, 2005 - 18:17

The co-founders of television shopping group Ideal Shopping Direct cashed in £10m (€14.6m) of shares today as annual profits more than trebled.

Chief executive Paul Wright, 54, raised around £7m (€10.2m) while executive director Valerie Kaye banked more than £3m (€4.4m), representing nearly half of their stakes in the firm.

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