- Correction: On Wednesday it was incorrectly reported that Wood Group's Chairman had sold shares; it was in fact the Group Chairman who made the sale.
Xavier Rolet, the chief executive officer of the London Stock Exchange Group, has had a busy few days, buying two rounds of shares in the same week the company revealed it is losing its chief financial officer.
Rolet, who last week ditched £0.9m-worth of shares which he earned through the firm's long-term incentive plan, this week bought up 16,600 shares.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The first transaction, in which Rolet bought 12,500 shares at 973p a pop, was made on Tuesday, the same day CFO Doug Webb's departure was announced. The second purchase, which occurred the following day, saw the CEO hand over 968p for each of the 4,100 shares, taking his total holding to 133,730 shares.
Webb joined the firm in 2008, but will step down from the board on July 2, and leave the firm on July 31, as part of a wider management shake up.
He'll be replaced by David Warren, a recruit from US stock exchange NASDAQ where he has been for 11 years, two of which were spent as a senior adviser.
Top Director Buys
Caledonia Investments (CLDN)
Director name: Mr Charles M Allen-Jones
Amount purchased: 7,773 @ 1,280.00p
Value: £99,494
Young & Co's Brewery 'A' Shares (YNGA)
Director name: Mr Rupert J. Clevely
Amount purchased: 17,000 @ 550.00p
Value: £93,500
Burberry Group (BRBY)
Director name: Mr Ian Carter
Amount purchased: 4,000 @ 1,310.00p
Value: £52,400
Young & Co's Brewery 'A' Shares (YNGA)
Director name: Mr Stephen Goodyear
Amount purchased: 8,832 @ 550.00p
Value: £48,576
Tower Resources (TRP)
Director name: Mr Philip Swatman
Amount purchased: 1,500,000 @ 3.05p
Value: £45,750
Tower Resources (TRP)
Director name: Mr Philip Swatman
Amount purchased: 1,000,000 @ 3.00p
Value: £30,000
Young & Co's Brewery 'A' Shares (YNGA)
Director name: Mr Roger Lambert
Amount purchased: 4,250 @ 550.00p
Value: £23,375
Young & Co's Brewery (Non-Voting) (YNGN)
Director name: Mr Roger Lambert
Amount purchased: 4,000 @ 450.00p
Value: £18,000
Churchill China (CHH)
Director name: Mr Alan McWalter
Amount purchased: 5,000 @ 310.00p
Value: £15,500
Top Director Sells
Hiscox Ltd. (HSX)
Director name: Mr Bronek E Masojada
Amount sold: 28,196 @ 413.45p
Value: £116,576
Pennon Group (PNN)
Director name: Mr Ken Woodier
Amount sold: 9,120 @ 743.45p
Value: £67,803
