STOCK markets don't usually like it when chief executives sell shares, and certainly don't seem to like it when the shares are flogged to do up the chief executive's holiday home. Investors in Granada made it pretty plain this week that they were not very impressed when Gerard Jude (Gerry) Robinson flogged more than half a million pounds worth of his Granada shares to up his holiday home in Donegal.

Granada shares took a dive, Granada's PR men rushed out with assurances that Gerry doing up his holiday house with money from Granada shares did not mean the Donegalman felt any less committed to the hotels and leisure group. Granada shareholders can't really complain too much the shares have surged over the past year since the takeover of Forte, a takeover Robinson masterminded.