Cable and Wireless chairman pockets shares
A round-up of the biggest director deals today so far.
The chairman of FTSE 250 firm Cable and Wireless Worldwide has snapped up shares just one day after the firm announced a big fall in profits.
John Barton pocketed 100,000 in the embattled telecoms firm for a total sum of £22,940.
Earlier this week C&WW posted pre-tax profits of £35m in the first half, down from £64m in 2010.
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The firm said it would pay an interim dividend of 0.75 pence per share but future dividends would be suspended to improve its balance sheet strength.
It's been a busy week for the company, which also appointed Gavin Darby as chief executive with effect from 28 November, replacing John Pluthero, who will leave the board in December.
Barton said Darby would provide the "leadership, energy and fresh insight needed by Cable & Wireless Worldwide for the future".
The share price has fallen 68.14% in the past year and 1.61% today, falling to 21.95p by 15:36.
NR
Top Director Buys
Symphony International Holdings Ltd. (SIHL)
Director name: Mr Anil Thadani
Amount purchased: 500,000 @ $0.65
Value: $326,000
Canaccord Financial Inc. (CF.)
Director name: Mr Massimo Carello
Amount purchased: 15,000 @ 531.66p
Value: £79,749
Tasty (TAST)
Director name: Mr Samuel Kaye
Amount purchased: 50,000 @ 51.00p
Value: £25,500
Tasty (TAST)
Director name: Mr Adam Kaye
Amount purchased: 50,000 @ 51.00p
Value: £25,500
Cable & Wireless Worldwide (CW.)
Director name: Mr John Barton
Amount purchased: 100,000 @ 22.94p
Value: £22,940
Dunedin Enterprise Inv Trust (DNE)
Director name: Mr Brian Finlayson
Amount purchased: 6,531 @ 304.50p
Value: £19,887
Egdon Resources (EDR)
Director name: Mr Mark Anthony William Abbott
Amount purchased: 125,176 @ 13.90p
Value: £17,399
Europa Oil & Gas (EOG)
Director name: Mr Hugh Mackay
Amount purchased: 132,501 @ 8.25p
Value: £10,931
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