Elevator man lifts BP stake again
A round-up of the biggest director deals today so far.
Non-executive director George David has taken advantage of a fall in BP's share price to buy more shares in the company.
He took 40,000 American Depositary Receipts (the equivalent of 240,000 shares) taking 20,000 at $35.55 (£23.04) a time and 20,000 at $35.45 a time.
The shares have fallen sharply in line with a tumbling oil price since May, when David bought 30,000 ADSs, paying $43.99 each for half and $43.98 for the other half.
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
David, an American, joined BP in 2008. He is a member of the chairman's, the audit, the Gulf of Mexico and the remuneration committees. He has previously worked with management consultant The Boston Consulting Group and elevator manufacturer Otis. Following Otis's merger with UTC in 1977, he moved up the ranks, becoming chief executive in 1994 and chairman in 1997, before he retired in 2009.
Top Director Buys
BP (BP.)
Director name: Mr George David
Amount purchased: 120,000 @ 386.14p
Value: £463,368
BP (BP.)
Director name: Mr George David
Amount purchased: 120,000 @ 385.06p
Value: £462,072
London Mining (LOND)
Director name: Mr Luciano Ramos
Amount purchased: 50,000 @ 343.00p
Value: £171,500
Fidessa Group (FDSA)
Director name: Mr John Hamer
Amount purchased: 5,000 @ 1,530.00p
Value: £76,500
Energetix Group (EGX)
Director name: Ms Clare Spottiswoode
Amount purchased: 167,000 @ 28.50p
Value: £47,595
Energetix Group (EGX)
Director name: Mr Adrian Hutchings
Amount purchased: 69,500 @ 28.50p
Value: £19,808
Meggitt (MGGT)
Director name: Ms Brenda Reichelderfer
Amount purchased: 6,000 @ 328.89p
Value: £19,733
GLOBO (GBO)
Director name: Mr Konstantinos (Costis) Papadimitrakopoulos
Amount purchased: 105,000 @ 18.75p
Value: £19,688
Standard Life (SL.)
Director name: Mr David Thomas Nish
Amount purchased: 6,000 @ 193.90p
Value: £11,634
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Ocado shares jump 14% after sales surge
The rise in sales comes after Ocado was dumped out of the FTSE 100 in June
By Chris Newlands Published
-
Cash ISA subscriptions surge - but will the chancellor cap ISA benefits in the Budget?
The number of savers using cash ISAs has jumped by 11%, while the popularity of stocks and shares ISAs has declined. Could ISAs be a target in the Autumn Budget?
By Ruth Emery Published