Chief Executive of Bovis Homes (BVS.L) David Ritchie bought 25,000 shares, he now owns slightly more than 146,000. The shares were purchased at a price of 773.50p per share in a deal worth £193,375.

This comes after recent news that Financial Officer Jonathan Hill will be leaving to join SAGA, however he is yet to agree a date for his departure.

Homebuilders have been experiencing a volatile period with conditions for the housing market still uncertain and a large purchase could be seen as a confidence boost at this level.

Shares finished trading today at 793p, up around 5p (0.7%)

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