PizzaExpress chief executive Ian Eldridge has made a profit of £380,000 from converting share options.

He exercised an option, along with three other directors to buy stock for 470p to 499p and sold for 850p last week.

John Metcalf, PizzaExpress's managing director, made £190,000, Nick Taylor,its human resources director, £70,200 and David Sykes, its property director, £35,100.

PizzaExpress said it allotted 817,000 shares to a total of 45 employees and