Two key Carnival executives have taken up options to buy company shares at a deep discount, and both have sold part of the holding.

They received shares in the New York and London-listed cruise giant with a market value of about $393,000.

Costa Group chief executive Michael Thamm used his options to buy about 5,070 shares at $1.66 each. He then sold 2,620 shares at GBP 36.31