Diamond family fund sinks £1m into Barclays
A round-up of the biggest director deals today so far.
Bob Diamond's family trust has invested nearly £1m in Barclays shares.
The Barclays chief executive elect is a connected person to the Diamond Family Foundation, which has bought 363,179 shares at an average price of 273.97p a share. The total cost was £995,000.
Diamond, who takes over as chief executive on 1 April 2011, has a total beneficial interest in just over 9.9m shares in Barclays.
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Diamond currently runs investment banking business Barclays Capital, which is in the process of making hundreds of employees redundant.
Barclays managed to achieve a small increase in nine-month profit, though the investment banking arm made 14% less than it did the quarter before.
Profit for the three months to September 2010 rose to £1.27bn from £1.17bn. Impairment charges fell to £1.22bn.
Top Director Buys
Barclays (BARC) Director name: Mr Bob DiamondAmount purchased: 363,179 @ 273.97p Value: £995,002
Bank of America Corp. (BAC) Director name: Mr Donald E. PowellAmount purchased: 5,000 @ $12.79 Value: $63,950
Hays (HAS) Director name: Mr Alan M ThomsonAmount purchased: 25,000 @ 120.60p Value: £30,150
Top Director Sells
Mandarin Oriental International (Singapore) (MDO) Director name: Mr Terry L StinsonAmount sold: 180,000 @ $2.00 Value: $360,252
Euromoney Institutional Investor (ERM) Director name: Mr Diane AlfanoAmount sold: 10,000 @ 715.00p Value: £71,500
Sandvine Corp. (SAND) Director name: Mr Scott HamiltonAmount sold: 31,200 @ 158.20p Value: £49,358
Kewill (KWL) Director name: Mr Paul NicholsAmount sold: 27,064 @ 90.00p Value: £24,358
Sandvine Corp. (SAND) Director name: Mr Dave CaputoAmount sold: 8,200 @ 167.69p Value: £13,751
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