Director general of the UK Government Olympic Executive Jeremy Beeton has bought up shares in Scottish and Southern Energy, of which he is a non-executive director.
Beeton, who joined the board on 1 July 2011, has purchased 1,000 shares at 1,325p per share for a total of £12,250.
The FTSE 100 company announced last week that it has seen a 25% drop in pre-tax profit for the half year to September.
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 firm said it took the decision to shield household customers from rising wholesale energy prices for as long as practical before implementing a price increase on 14 September.
Top Director Buys
Telecity Group (TCY)
Director name: Mr Maurizio Carli
Amount purchased: 10,000 @ 620.00p
Value: £62,000
SSE (SSE)
Director name: Mr Jeremy Beeton
Amount purchased: 1,000 @ 1,325.00p
Value: £13,250
Top Director Sells
Albemarle & Bond Holdings (ABM)
Director name: Mr John Farrell
Amount sold: 5,250 @ 321.00p
Value: £16,852
-
Renewable investing: who is paying for the green revolution?Investors in renewables have not been rewarded, says Bruce Packard. Will they fund the government’s plans?
-
UK house prices rose 4.6% last year – where did property prices grow most?House prices increased by 4.6% in 2024, giving an average property price of £268,000. Where did property prices grow the most and will they continue to rise this year?
