Fever-Tree chairman sells £82.5m shares

Fever-Tree co-founder Charles Rolls has sold 2.6% of his shares in the company for £82.5m, leaving an 8.6% stake under his name.

The deputy chairman also banked £73m last year from reducing his stake and this time around he has sold 3m shares at a price of £27.50 each.

This news comes after the premium tonic water brand saw its share price rise more than 1,000% since the end of 2014.

Shares in the group have risen more than 90% over the past 12 months alone.