The chief executive of household products group IWP International plc Mr Joe Moran has increased his stake in the company to nearly 11 per cent following his acquisition of 545,000 ordinary shares at €1.70 each on August 2nd. It is the second time in recent weeks that Mr Moran has bought shares in the company. At the end of July, he bought around one million shares at €1.68 a share. Mr Moran has more than doubled his shareholding in IWP over the past 18 months at a cost of more than £7.5 million, fuelling speculation he may be building up to a management buyout of the group.