Legal & General vice chairman stocks up

Legal & General's vice chairman and senior indepedent director Henry Staunton purchased over £10,000-worth of shares, one month after the firm reported a slight drop in sales.

Staunton, who was appointed to the board in 2004, bought 9,708 shares at 105.60p each for a total of £10,252.

At the start of November, Legal and General reported a drop in sales in the third quarter although the company preferred to focus on its cash generation, which is said remains strong.

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Operational cash rose to £736m in the three months to the end of September from £628m in the same period a year ago, while net cash generation was up 15% to £631m from £549m.

Top Director Buys

Banco Santander SA (BNC)

Director name: Mr Francisco Luzon Lopez

Amount purchased: 9,615 @ 452.22p

Value: £43,481

Banco Santander SA (BNC)

Director name: Mr Francisco Luzon Lopez

Amount purchased: 9,615 @ 447.91p

Value: £43,067

Banco Santander SA (BNC)

Director name: Mr Francisco Luzon Lopez

Amount purchased: 9,800 @ 437.24p

Value: £42,850

IP Group (IPO)

Director name: Mr Jonathan Brooks

Amount purchased: 60,000 @ 72.00p

Value: £43,200

Lok'n Store Group (LOK)

Director name: Mr Charles Peal

Amount purchased: 30,000 @ 97.51p

Value: £29,253

Helius Energy (HEGY)

Director name: Mr William Ingram Hill

Amount purchased: 250,000 @ 11.50p

Value: £28,750

XCAP Securities (XCAP)

Director name: Mr Daron Ross Lee

Amount purchased: 1,140,000 @ 1.75p

Value: £19,950

Global Petroleum Ltd. (GBP)

Director name: Mr Peter Hill

Amount purchased: 180,000 @ 11.00p

Value: £19,800

XCAP Securities (XCAP)

Director name: Mr Michael Andrew Frame FCA

Amount purchased: 857,000 @ 1.75p

Value: £14,998

Legal & General Group (LGEN)

Director name: Mr Henry Staunton

Amount purchased: 9,708 @ 105.60p

Value: £10,252

Top Director Sells

Johnson Matthey (JMAT)

Director name: Mr W F Sandford

Amount sold: 15,094 @ 1,873.69p

Value: £282,815

Sportingbet (SBT)

Director name: Mr Andrew McIver

Amount sold: 255,252 @ 31.50p

Value: £80,404

Volga Gas (VGAS)

Director name: Mr Vladimir Koshcheev

Amount sold: 50,000 @ 75.50p

Value: £37,750

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