DCC chief executive Mr Jim Flavin has made a paper profit of over £750,000 after exercising share options. He exercised options over 250,000 shares at 136.6p compared to DCC's current share price of 440p and his stake in the industrial holding company has risen to 1.57 million shares or 1.82 per cent of the total. DCC director Mr Morgan Crowe has made a paper profit of £151,700 after exercising options over 50,000 shares at the same price.

Due to a production error, the headline on this story yesterday was "Flavin sells DCC shares". This was incorrect, Mr Flavin bought the 250,000 shares as was clear in the text.