Family affair: Will Adderley, 44, is the son of the founders of Dunelm, Bill and Jean AdderleyThe deputy chairman of fashionable furniture store Dunelm has sold shares worth £73million.Will Adderley, 44, is the son of the founders, Bill and Jean Adderley, who began it as a stall in a market in Leicester in 1979.Adderley senior had been a manager at a Woolworths store in Coalville, but left after the company wanted him to relocate to Skegness.While looking for a new job, he and Jean sold curtains rejected by Marks & Spencer.In 1984, they opened their first store, calling it Dunelm Will took over the business in 1996. It floated on the stock market in 2006. This week he sold 8million shares at 915p – 4 per cent of his stake – to ‘diversify his portfolio’The married father of three, studied Industrial Economics at Nottingham University. MOST READ NEWS Previous Next ● ● ● ● Blackout Ready Made Lining Pair White Premium Ready Made Blackout Lining (pair) White

Then why not try some of our ready made blackout curtain linings. They are 100% light proof, simply attach to the back of your existing curtains, and they will keep the light out in those long summer days, allowing you to recharge your batteries. Excellent value, and ideal for kids' bedrooms in the summer months!What a fabulous way to start the week. Adderley and his wife Nadine were £36million richer yesterday after selling a showroom fullsheikh jee curtains lahore of shares in Leicestershire-based out-of-townthe tortilla curtain works cited cushions and curtains group Dunelm. lush decor lillian purple shower curtain

The original plan was for UBS and Oriel Securities to sell 5million shares at 480p a pop to institutional investors, but demand in the City was so great, the Adderleys were persuaded to unload a further 2.5million. wanted to ‘diversify their portfolio’. Market-makers quickly went on the defensive when they heard early rumours that a placing could be on the cards. the shares down to 476.86p before Dunelm’scurtains davyhulme joint brokers briskly completed theireclipse curtains artichokeThe close was eventually 25.7pweathermate curtains sale Will Adderley is executive deputy chairmaneclipse curtains artichoke

of Dunelm and the son of Bill, the founder ofHe and his wife still retain a 31.2 per cent stake and the Adderley’s total family holding is 55 per cent. Will and his missus have agreed not to sell any further shares for a period of at least six months. Father Bill gave Will 20million shares as a gift in mid-December 2010 and will not mind him making a tasty turn on 7.5million as the company trades well in an otherwise struggling retail Dunelm is highly rated because City analysts are of the opinion it is an extremely wellJohn Stevenson at Peel Hunt has a target price of 550p. pleasing interim results which showed profits up 7.8 per cent to £52.2million, he suggested that with cash balances at £50million, there is again an opportunity for the payment of a special dividend, likely to be announced with final Some £43million was paid out in a special dividend in 2010 and the Adderleys trousered the

lion’s share of that. Who was it that said ‘money goes to money’? Footsie 36.31 points down to 5,874.82 after Asian markets had taken a turn for the worse overnight following’s China announcement of its lowest economic growth target since 2004. Beijing cut from 8 per cent to 7.5 per cent. initially traded 23 points down on the news. Fearing Chinese demand for precious metals could wane, Kazakhmys shed 48.5p to 951.5p, Rio Tinto fell 138p to 3422p and Vedanta Resources 54p to 1400p. Tomorrow sees the quarterly game of FootsieThe FTSE Steering Committee meets to discuss membership of the exclusiveIt is of paramount importance to tracker funds as they are forced to buy stocks going into the elite index and dump thoseIt is no surprise that India-focused energy firm Essar Energy, a further 6.7p lower at 107.10p, is favourite for the chop. have plummeted since the last quarterly review in December and last month’s full-year figures

Sunk by its disappointing performance in Greenland, Cairn Energy (4.9p cheaper at 332p) should drop through the trapdoor too and be joined in the FTSE 250 by financial services giant Hargreaves Lansdown, 0.2p easierIt has been affected by intrusive FSA regulation and increased competition. African Barrick Gold’s status could be in jeopardy as it shares lost a further 14.6p to 435.4p. Despite being on the verge of promotion, chemicals group Croda gave up 20p to 2125p. Martin Gilbert’s Aberdeen Asset Management (3.5p lower at 244.8p) should also step up to trade with the big boys, which is amazing when you consider the company flirted with the knackers’ yard some 10 years ago following the split-capital scandal. could also be joined by oil services group John Wood, flat at 736.5p. Heritage Oil slipped 8.6p to 166.9p after revealing it has been hit by delays to its operations in the Kurdistan region of Iraq.

been forced to create a sidetrack well on its Blinkx rose 2.5p to 81p after announcing a partnership with sports media group Perform (0.1p easier at 275p), which owns one of the largest digital sports rights portfolios inThe partnership will give Blinkx users access to a wide range of original and high-quality college sports content. Groupe Gorge’s acquisition of a 15.5 per cent ‘strategic’ stake in Redhall at an average price of 97.4p a share helped the specialist engineering support services group touch 110p before closing 4p better at 107p. Gorge has no current intention of making a public offer for Redhall. Shares of Stobart taxied 2p ahead to 130p after the first passengers passed through its new terminal at Southend Airport. PR firm Porta Communications edged forward 0.25p to 6.62p following chief executive David Wright’s purchase of 538,000 shares at 6.75p. Porta in January acquired rival Hansard