Mike Tye, chief executive of Spirit Pub Company, has invested c£50k in acquiring c110,000 shares in the group. Tye purchased the shares at a price of 45.75p per share, taking his interest in the pub operator to 405,757, representing 0.06% of the total voting rights. Earlier this week, Spirit reported a slowdown in growth for the 12 weeks to 26 May but said it remained on track to deliver its full year expectations. The group reported a 3.7% rise in like-for-like sales across its managed estate during the 12 weeks, against a 5% increase in the 40 weeks to 26 May. This was driven by a 6.8% rise in food sales (+7.1% 40 weeks) and a 1.1% increase in drink sales (+3.9% 40 weeks). Spirit said the period was up against tough prior year comparatives with its drink sales growth “especially impacted” by the warm weather and additional bank holiday in April 2011.