Lancashire president continues buying
A round-up of the biggest director deals today so far.
Neil McConachie, president of Lancashire Holdings, has upped his stake in the FTSE 250-listed speciality insurance group, spending more than £230,000.Despite its name, Lancashire underwrites from offices in London and Bermuda and has a marketing operation in Dubai. Its main business areas are aviation, energy, marine and property.McConachie, who used to work for the accountancy firm PricewaterhouseCoopers in London and Bermuda, took 37,500 shares at 624p a pop. He now has 469,649. His latest purchase comes after several bouts of buying activity earlier in the month.The company last month posted a rise in quarterly profits, saying that damage caused by tornadoes in the US had a minimal effect on Lancashire.Top Director BuysLancashire Holdings (LRE) Director name: Mr Neil William McConachieAmount purchased: 37,500 @ 624.00p Value: £234,000Robert Walters (RWA) Director name: Mr Giles P DaubeneyAmount purchased: 21,455 @ 233.00p Value: £49,990F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 28,840 @ 66.59p Value: £19,205DQ Entertainment (DQE) Director name: Mr Tapaas ChakravartiAmount purchased: 15,000 @ 73.00p Value: £10,950Top Director SellsRSA Insurance Group (RSA) Director name: Mr Adrian BrownAmount sold: 81,493 @ 114.50p Value: £93,309
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
-
‘Why I have ditched my Help to Buy ISA for cash savings and the stock market’Without the 25% bonus, my Help to Buy ISA is effectively redundant, says MoneyWeek writer Sam Walker.
-
Is your inheritance tax allowance cut if you sell to downsize or sell your home to pay for care?Downsizing relief is a little-known benefit that could save your loved ones tens of thousands of pounds in inheritance tax after you’ve died.
