Elevator man lifts BP stake again

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.

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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