BAE Systems chairman Dick Olver has invested nearly £22,000 in the defence company's shares.
He bought 3,343 shares at 337.6p each and his wife acquired 3,133 shares at 338.27p each.
This follows yesterday's disappointing trading statement. BAE is expecting sales in 2011 to dip as cutbacks in government spending start to bite.
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
The company saw sales edge up by 1.8% in 2010 to £22,392m from £21,990m in 2009. The market had pencilled in a figure of £22,548m for sales.
Profit before tax from continuing operations was £1,027m, compared to a loss of £61m in 2009.
Underlying earnings before interest, tax and amortisation improved to £2,214m from £2,197m the year before, while underlying earnings per share (EPS) climbed to 40.8p, versus market expectations of 41.85p, from 40.1p the year before.
BAE has declared its bid for AIM-quoted IT security business Norkom unconditional.
Top Director Buys
Marwyn Value Investors Ltd. (MVI) Director name: Mr Eitan MilgramAmount purchased: 100,000 @ 122.30p Value: £122,300
PetroLatina Energy (PELE) Director name: Mr Juan Carlos RodriguezAmount purchased: 30,000 @ 40.75p Value: £12,225
BAE Systems (BA.) Director name: Mr Richard L OlverAmount purchased: 3,343 @ 337.60p Value: £11,286
BAE Systems (BA.) Director name: Mr Richard L OlverAmount purchased: 3,133 @ 338.27p Value: £10,598
Top Director Sells
Domino's Pizza UK & IRL (DOM) Director name: Mr Christopher MooreAmount sold: 832,792 @ 500.00p Value: £4,163,960
Domino's Pizza UK & IRL (DOM) Director name: Mr Lee D GinsbergAmount sold: 446,176 @ 500.00p Value: £2,230,880
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
