Drax director buys

published 9 December 2010

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

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