Ralph Findlay, chief executive of Wolverhampton & Dudley Breweries (W&DB), has cashed in share options, banking a profit of more than £200,000. Findlay paid £114,760 for 19,000 shares at the exercise price of 604p, before selling the stock at the market price of 1798p, generating £341,620 - a profit of £226,860. Findlay retained a further 1,000 shares through matured options, also acquired at 604p. The head of W&DB, which is set to change its name to Marston's, owns 69,620 shares, representing 0.09% of the company. At the current share price of 1791p, Findlay's remaining stock is worth £1.25m. The company has seen its share price jump in recent weeks on the back of takeover speculation.