Drax director buys
A round-up of the biggest director deals today so far.
Drax non-executive director Tony Thorne has bought £28,000 worth of shares in the power generator.
He has paid 378.69p a share for 7,500 shares. Thorne was appointed to the board in June and these are the first shares he has bought.
Thorne is a former chief executive of paper company DS Smith.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
Drax remains on track to meet forecasts this year with its forward contracts insulating it against low electricity prices.
Top Director Buys
European Goldfields Ltd. (EGU) Director name: Mr Martyn KonigAmount purchased: 20,000 @ 841.54p Value: £168,308
Middlefield Canadian Income Trust Inv Co (MCT) Director name: Mr Garth JestleyAmount purchased: 100,000 @ 82.56p Value: £82,560
Drax Group (DRX) Director name: Mr Tony ThorneAmount purchased: 7,500 @ 378.69p Value: £28,402
Telecity Group (TCY) Director name: Mr Michael TobinAmount purchased: 3,700 @ 490.00p Value: £18,130
Blackstar Group (BLCK) Director name: Mr Wolfgang BaertzAmount purchased: 13,158 @ 76.00p Value: £10,000
Top Director Sells
Mandarin Orirntal International (Singapore) (MDO) Director name: Mr Terry L StinsonAmount sold: 304,000 @ $2.05 Value: $624,234
Imperial Innovations Group (IVO) Director name: Ms Susan SearleAmount sold: 21,968 @ 400.00p Value: £87,872
Imperial Innovations Group (IVO) Director name: Mr Julian SmithAmount sold: 17,256 @ 400.00p Value: £69,024
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
-
Revolut finally bags a UK banking licence – what's next for the fintech?
Revolut has finally been granted a UK banking licence following three years of negotiations with the regulator
By Kalpana Fitzpatrick Published
-
Could Labour impose a “double death tax” of more than 50%?
Speculation is mounting that capital gains tax will be reformed in the Budget - and one option is to charge bereaved families the tax on top of inheritance tax. We explain how it could work
By Ruth Emery Published