Saudi businesswoman opens WPP account
A round-up of the biggest director buys today so far.
Non-executive director Lubna Olayan has opened her account in the advertising and marketing giant WPP.
The Saudi businesswoman took 10,000 shares 738.5p a pop, paying a total of £73,850.
Olayan, the daughter of entrepreneur Sulaiman Olayan, has been with WPP since 2005.
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
In an update last week, WPP, the world's biggest company of its kind, said it saw a sharp rise in revenues in the first four months of 2011.
The US continues to see strong growth and the UK is doing well in spite of the economic pressures, according to the company.
"The world continues to move at very different speeds, with revenues in the BRICs countries up over 17% in the first four months, and the Next 11 up almost 14%, showing the strongest growth, followed by the United States and the United Kingdom," the company said.
"In Western Continental Europe, France, Spain and Belgium remain the most challenging, with Japan the only market in Asia not showing growth."
Top Director Buys
WPP (WPP) Director name: Ms Lubna S OlayanAmount purchased: 10,000 @ 738.50p Value: £73,850
Cookson Group (CKSN) Director name: Mr Mike ButterworthAmount purchased: 3,221 @ 675.97p Value: £21,773
Macfarlane Group (MACF) Director name: Mr Archibald S HunterAmount purchased: 50,000 @ 24.00p Value: £12,000
Top Director Sells
Cairn Energy (CNE) Director name: Dr Mike J WattsAmount sold: 409,931 @ 427.82p Value: £1,753,767
Cairn Energy (CNE) Director name: Sir Bill GammellAmount sold: 374,794 @ 427.82p Value: £1,603,444
Cairn Energy (CNE) Director name: Mr Simon ThomsonAmount sold: 292,807 @ 427.82p Value: £1,252,687
Cairn Energy (CNE) Director name: Mr Malcolm ThomsAmount sold: 234,246 @ 427.82p Value: £1,002,151
Cairn Energy (CNE) Director name: Mr Philip TracyAmount sold: 234,246 @ 427.82p Value: £1,002,151
Pearson (PSON) Director name: Ms Marjorie ScardinoAmount sold: 57,338 @ 1,137.00p Value: £651,933
Pearson (PSON) Director name: Mr Robin FreestoneAmount sold: 22,610 @ 1,137.00p Value: £257,076
Avon Rubber (AVON) Director name: Rt Hon Sir Richard NeedhamAmount sold: 32,146 @ 310.30p Value: £99,749
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.
-
Google shares bounce on Gemini 2.0 launch
Google has launched the latest version of its Gemini AI platform, and markets have responded positively. Is it time to buy Google shares?
By Dan McEvoy Published
-
Millions of pension savers could get targeted support under new proposals
The proposals are part of the FCA’s attempt to tackle the advice gap, after 75% of savers admitted they don’t have a clear plan for their pension
By Katie Williams Published