CPP non-exec buys back shares
A round-up of the biggest director deals today so far.
CPP non-executive director Peter Morgan has bought back all the shares he sold in June.
The repurchase of 51,696 shares comes the day after the identity theft and credit card insurer released its interim management statement for the period since the end of June 2010.
Morgan sold the shares for 275p each in June and he has paid exactly the same price to buy them back. The share price is trading below the buying price. The deal is worth just over £142,000.
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
The imminent increase in the rate of capital gains tax may have been on Morgan's mind when he decided to sell in June.
CPP said group revenue in the first nine months of 2010 rose 10% after robust demand in the UK offset sluggish business in southern Europe.
Top Director Buys
CPP Group (CPP) Director name: Mr Peter John MorganAmount purchased: 51,696 @ 275.00p Value: £142,164
Asian Plantation Ltd. (DI) (PALM) Director name: Mr Dennis MelkaAmount purchased: 75,000 @ 125.00p Value: £93,750
Asian Plantation Ltd. (DI) (PALM) Director name: Mr Graeme BrownAmount purchased: 75,000 @ 125.00p Value: £93,750
AstraZeneca (AZN) Director name: Mr Louis SchweitzerAmount purchased: 2,460 @ 3,137.00p Value: £77,170
PureCircle Ltd. (DI) (PURE) Director name: Mr Paul E Selway-SwiftAmount purchased: 40,000 @ 131.75p Value: £52,700
Rugby Estates (RES) Director name: Mr John JacksonAmount purchased: 10,000 @ 328.00p Value: £32,800
Pochin's (PCH) Director name: Mr Michael ChadwickAmount purchased: 15,000 @ 70.00p Value: £10,500
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published