Andy McCue joins Hostelworld directors in buying stock

Hostelworld shares slumped by 33% on Thursday after warning on trading

 

Hostelworld non-executive director Andy McCue, former chief executive of Paddy Power, has joined other directors in buying shares in the travel website company after a slump last week.

Mr McCue bought almost £45,400 (€59, 135) on 25,000 shares in Hotelworld on Friday, according to a regulatory filing on Wednesday morning, after the stock slumped by as much as a third on Thursday after a weak trading update.

It follows on from disclosures yesterday that Hostelworld chief executive Feargal Mooney spent £151,410 buying 84,000 shares in the London market, while chief technology officer John O’Donnell acquired 30,000 each at a slightly higher price of £1.814 each, costing him £54,420.

Shares in Hostelworld plunged by as much as 33 per cent on Thursday when the company reported weaker-than-expected demand across Europe in the aftermath of the Paris and Brussels terrorist attacks.

It made the statement ahead of the company’s first annual general meeting as a public company, in Dublin.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.