Glencore boss buys ahead of close period
A round-up of the biggest director buys today so far.
Glencore's chief executive Ivan Glasenberg continues building his stake in the commodity trading giant, this time spending £4.5m on shares.
He took 1.01m shares at 446.22p a time.
On Friday, Glencore said that Glasenberg had told the company that he will seek to buy shares up to the value of about $54m ahead of today, when a close period begins, meaning directors cannot buy shares. The purchase announced today was made yesterday.
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
He has already bought 4.5m shares this week.
Top Director Buys
Glencore International (GLEN)
Director name: Mr Ivan Glasenberg
Amount purchased: 1,010,000 @ 446.22p
Value: £4,506,822
Breedon Aggregates Ltd. (BREE)
Director name: Ms Sally Ann (Susie) Farnon
Amount purchased: 200,000 @ 18.50p
Value: £37,000
MS International (MSI)
Director name: Mr Michael J Bell
Amount purchased: 10,000 @ 242.50p
Value: £24,250
Silverdell (SID)
Director name: Mr Sean Nutley
Amount purchased: 100,000 @ 10.00p
Value: £10,000
Top Director Sells
Aegis Group (AGS)
Director name: Mr Jerry Buhlmann
Amount sold: 12,897 @ 126.40p
Value: £16,302
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.
-
A junior ISA could turn your child’s pocket money into thousands of pounds
Persuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
By Katie Williams Published
-
Cost of Christmas dinner jumps 6.5% as grocery price inflation rises again
The average Christmas dinner for four now costs £32.57 as grocery price inflation increases - but what does it mean for interest rates?
By Chris Newlands Published