Sir Michael Rake, the Senior Independent Director of Barclays, has upped his stake in the firm less than a week after the global bank was downgraded by Fitch Ratings.
Rake, who is currently also Chairman of telecommunications firm BT Group and Chairman of Easyjet, bought up 5,914 ordinary shares at 167.23p per share, taking his total to 35,213 shares in the firm.
His decision to make the purchase comes just days after the firm suffered the downgrade, which the ratings agency said was as a result of growing risks arising from both economic developments as well as a "myriad of regulatory changes".
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Barclays' rating was cut by two notches, from A to AA-.
The banking giant also learned that its auditor, Pricewaterhouse Coopers, is to be investigated by the Accountancy and Actuarial Discipline Board. The board is investigating the auditor's role in reporting to the Financial Services Authority (FSA) on the firm's compliance with the FSA's client asset rules -the so-called CASS rules- which govern the protection of client money.
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Director name: Mr F Derek Tughan
Amount purchased: 1,350,000 @ 3.25p
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SEGRO (SGRO)
Director name: Mr David J R Sleath
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Value: £39,260
Asian Citrus Holding (ACHL)
Director name: Mr Nicholas Smith
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Accumuli (ACM)
Director name: Mr Nicholas J Kingsbury
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IndigoVision Group (IND)
Director name: Mr Hamish M Grossart
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SEGRO (SGRO)
Director name: Mr Justin Read
Amount purchased: 10,186 @ 196.30p
Value: £19,995
Severfield-Rowen (SFR)
Director name: Mr Chris Holt
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Value: £17,835
SVG Capital (SVI)
Director name: Mr Lynn Fordham
Amount purchased: 8,197 @ 201.30p
Value: £16,501
Devro (DVO)
Director name: Mr Paul A Neep
Amount purchased: 5,900 @ 254.00p
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Henry Boot (BHY)
Director name: Mr Jonathan James Sykes
Amount purchased: 10,000 @ 119.50p
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Top Director Sells
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Director name: Mr Philip Johnson
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Value: £130,680
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