St Modwen founders sell

Kasmira Jefford
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ONE OF the founding families behind St Modwen Properties has sold around £100m worth of shares in the company, sending shares down two per cent yesterday.

The New Covent Garden Market developer said the Leavesley family have sold 2.5m shares, equal to a 1.1 per cent stake at 440p per share. The sale leaves the family with a six per cent holding.