The finance boss of Wolseley, the supplier of goods to the plumbing and heating trade, demonstrated his confidence in the company's resurgence with the purchase of £150,000 in shares.
John Martin, who joined Wolseley in February, bought 10,121 shares at 1,482p a go, his first purchase of shares in the company, whose British brands include the Plumb Center and the Pipe Center.
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The company announced on Monday that it would resume dividend payments now that trading has improved.
Although revenue for the year to 31 July fell 9%, or 10% in constant currency terms, to £13.2bn from £14.4bn the year before, this was above the market consensus of £13.1bn, while the fourth quarter saw an encouraging 4% gain in like for like sales.
The shares have already advanced following Martin's purchase, closing at 1,590p.
Top Director Buys
Wolseley (WOS) Director name: Mr John W MartinAmount purchased: 10,121 @ 1,482.00p Value: £149,993
Symphony International Holdings (SIHL) Director name: Mr Anil ThadaniAmount purchased: 133,886 @ $0.68 Value: $91,042
London Stock Exchange Group (LSE) Director name: Mr Doug WebbAmount purchased: 11,467 @ 705.06p Value: £80,849
Supergroup (SGP) Director name: Mr Ken McCallAmount purchased: 5,000 @ 1,183.00p Value: £59,150
CLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 2,860 @ 509.50p Value: £14,572
Game Group (GMG) Director name: Mr Ian ShepherdAmount purchased: 25,000 @ 57.45p Value: £14,362
Logica (LOG) Director name: Mr Frederic RoseAmount purchased: 10,526 @ 126.80p Value: £13,347
Hampson Industries (HAMP) Director name: Mr Stephen HenwoodAmount purchased: 29,500 @ 34.87p Value: £10,287
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