10 million Dunelm shares sold by Deputy Chairman Adderley for £114m, resulting in share drop.

Dunelm, a leading UK homewares retailer, experienced a share drop after Deputy Chairman Sir Will Adderley sold 10 million shares for £114 million, representing 4.9% of the company. Despite this, UBS analysts maintain a "buy" rating with a target price of 1,410p, citing potential for growth in the recovering market. The Adderley family retains a significant 37.6% ownership and remains committed to the company, which has a market cap of £2.3 billion.

September 24, 2024
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