The chief executive of household products group IWP International, Mr Joe Moran, has increased his stake in the company to more than 10 per cent after buying another million shares in the market at #1.68 a share (£1.33). Mr Moran has more than doubled his shareholding in IWP over the past 18 months at a cost of almost £7.5 million, fuelling speculation he may be building up to a management buyout of the group which is currently valued at #128 million. IWP shares have fallen from almost #6 in 1998 to the current level of #1.70.