Pru director pockets £700,000
A round-up of the biggest director deals today so far.
Prudential executive director Michael McLintock has trousered nearly £700,000 from the sale of shares in the insurance giant.
He sold 120,000 shares at 577p a time, but still has nearly 800,000.
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Shares in Prudential have fared badly in the recent downturn, having sat above 700p before August.
In August, Prudential reported that first half profits jumped by a quarter to top expectations, driven by strong growth in Asia.
Operating profit, on an International Financial Reporting Standards (IFRS) basis, rose 25% from £0.85bn to £1.06bn, ahead of expectations of £0.96bn. IFRS basic earnings per share increased 27% from 25.4p to 32.2p.
"For the first time, both our IFRS operating profit and our [European Embedded Value] new business profit have exceeded £1bn for the first six months of the year," said chief executive Tidjane Thiam.
Top Director Buys
London Mining (LOND) Director name: Mr Luciano Ramos Amount purchased: 50,000 @ 383.00p Value: £191,500
London Mining (LOND) Director name: Mr Luciano Ramos Amount purchased: 50,000 @ 383.00p Value: £191,500
Worthington Group (WRN) Director name: Mr Peter TownsendAmount purchased: 785,000 @ 12.00p Value: £94,200
Brammer (BRAM) Director name: Mr W H WhiteleyAmount purchased: 10,700 @ 275.00p Value: £29,425
NewRiver Retail Ltd. (Reg S) (NRR) Director name: Mr David LockhartAmount purchased: 10,000 @ 240.00p Value: £24,000
Cape (CIU) Director name: Mr Tim J C Eggar Amount purchased: 2,589 @ 482.80p Value: £12,500
Top Director Sells
Prudential (PRU) Director name: Mr Michael McLintockAmount sold: 120,000 @ 577.00p Value: £692,400
