FirstGroup chief executive's wife sells stake

The wife of Sir Muir Lockhead, the chief executive of FirstGroup has sold her stake worth nearly £400,000 in the bus and train operator.

Lady Audrey Lockhead offloaded just over 100,000 shares in the company at 394.2p a time.

She no longer has any shares in the company, but her husband still has about 1.1m.

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Last month, FirstGroup reported that full-year profit fell 10%, due to the recession and higher fuel costs, while poor weather during the fourth quarter cost the business £16m.

Profit before tax dropped to £179.6m in the 12 months ended 31 March, down from £200m the year before, on revenue up 2% to £6.3bn thanks to £176.3m of favourable foreign exchange movements.

But it could have been worse without the positive impact of the firm's cost savings programme. It has delivered annual savings of over £200m.

Sir Moir, who started his career as a mechanical engineer, has been chief executive of the company since it was formed in 1995. In 1996 he was awarded the OBE for services to the bus industry and in 2008 he was awarded a Knighthood for services to transport.

Top Director Buys

Aggreko (AGK) Director name: Mr Rupert SoamesAmount purchased: 300,000 @ 1,444.00p Value: £4,332,000

Aggreko (AGK) Director name: Mr Philip G RogersonAmount purchased: 70,000 @ 1,443.00p Value: £1,010,100

Kofax (KFX) Director name: Mr James Arnold, Jr.Amount purchased: 150,000 @ 235.00p Value: £352,500

RPC Group (RPC) Director name: Mr Jamie PikeAmount purchased: 19,400 @ 256.00p Value: £49,664

Michelmersh Brick Holdings (MBH) Director name: Mr Alan HardyAmount purchased: 130,000 @ 35.00p Value: £45,500

Bellway (BWY) Director name: Mr John CuthbertAmount purchased: 6,000 @ 617.99p Value: £37,079

AG Barr (BAG) Director name: Mr Alex B C ShortAmount purchased: 3,000 @ 1,085.00p Value: £32,550

Leaf Clean Energy (LEAF) Director name: Mr Bran KeoghAmount purchased: 50,000 @ 62.00p Value: £31,000

CLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 6,176 @ 450.00p Value: £27,792

Freshwater UK (FWUK) Director name: Mr John UnderwoodAmount purchased: 135,297 @ 16.00p Value: £21,648

Top Director Sells

Aggreko (AGK) Director name: Mr Rupert SoamesAmount sold: 343,632 @ 1,444.00p Value: £4,962,046

Aggreko (AGK) Director name: Mr Philip G RogersonAmount sold: 80,000 @ 1,443.00p Value: £1,154,400

Grainger (GRI) Director name: Mr Henry PitmanAmount sold: 550,000 @ 107.50p Value: £591,250

FirstGroup (FGP) Director name: Mr Moir LockheadAmount sold: 100,136 @ 394.17p Value: £394,706