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.
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
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
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.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published