SABMiller non-executive Geoffrey Bible has taken more than £1.2m worth of shares in the brewing giant following its third quarter trading update.
Bible, who has been with the company since 2002, took 55,000 shares at 2,211p a time having previously had none.
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
Organic lager volumes, which strip out the effects of acquisitions and disposals, rose 3% in the third quarter. They're up 2% for the first nine months, helped by better economic conditions in many of its emerging markets.
Lager volumes jumped 12% both in Africa, where price cuts in Zambia led to a 38% surge, and in Asia, led by a 16% increase in China against weak comparatives - heavy snow subdued last year's number. India disappointed though as regulatory issues continued to hurt volumes.
Bible, 73, used to be chief executive of Altria Group, the parent company of the US tobacco firm Philip Morris. He was also chairman of the board of the food giant Kraft.
Top Director Buys
SABMiller (SAB) Director name: Mr Geoffrey BibleAmount purchased: 55,000 @ 2,211.06p Value: £1,216,083
Polo Resources Ltd. (DI) (POL) Director name: Mr Bryan George SmithAmount purchased: 594,000 @ 5.26p Value: £31,244
Imperial Tobacco Group (IMT) Director name: Mr Iain NapierAmount purchased: 1,535 @ 1,904.87p Value: £29,240
Proximagen Group (PRX) Director name: Mr Michael AshtonAmount purchased: 15,000 @ 156.00p Value: £23,400
Top Director Sells
Sainsbury (J) (SBRY) Director name: Mr Darren M ShaplandAmount sold: 150,000 @ 380.50p Value: £570,750
-
Defeat into victory: the key to Simon Wolfson's successOpinion Next CEO Simon Wolfson claims he owes his success to a book on military strategy in World War II. What lessons does it hold, and how did he apply them to Next?
-
Aircraft leasing companies can lift investors' portfoliosThe aircraft leasing business is a safer way to cash in on air travel and its booming demand. David Prosser explains how it works and how to access it
