C&W Communications bosses buy

Two executive directors of Cable & Wireless Communications have taken advantage of the shares going ex-dividend on Wednesday and added to their shareholdings.

The final dividend payment of 3.34p a share is the first dividend since Cable & Wireless Worldwide was spun off.

Chief executive Tony Rice bought 1m shares at 56.9636p a share, while finance director Tim Pennington acquired 875,837 shares at 57.0882p a share. Rice owns just over 8m shares, while Pennington owns nearly 1.9m shares.

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C&W Communications first set of results after the demerger were better than expected. EBITDA was $908m in the year to March 2010.

Evolution recently cut its share price target to 42p.

Top Director Buys

Cable & Wireless Communications (CWC) Director name: Mr William Anthony RiceAmount purchased: 1,000,000 @ 56.96p Value: £569,600

Cable & Wireless Communications (CWC) Director name: Mr Timothy PenningtonAmount purchased: 875,837 @ 57.09p Value: £500,015

Royal Dutch Shell 'B' (RDSB) Director name: Mr Simon HenryAmount purchased: 10,000 @ 1,853.01p Value: £185,301

ToLuna (TOL) Director name: Mr Richard BernsteinAmount purchased: 50,000 @ 230.00p Value: £115,000

Melrose Resources (MRS) Director name: Mr Robert F M AdairAmount purchased: 20,000 @ 245.25p Value: £49,050

Melrose Resources (MRS) Director name: Mr David Howard ThomasAmount purchased: 14,844 @ 243.03p Value: £36,075

Leaf Clean Energy (LEAF) Director name: Mr Bran KeoghAmount purchased: 50,000 @ 61.00p Value: £30,500

Melrose Resources (MRS) Director name: Mr Robert F M AdairAmount purchased: 10,000 @ 240.00p Value: £24,000

CLS Holdings (CLI) Director name: Mr H O Thomas LundqvistAmount purchased: 4,259 @ 445.00p Value: £18,953

Alpha Pyrenees Trust Ltd. (ALPH) Director name: Mr David JeffreysAmount purchased: 62,157 @ 26.00p Value: £16,161

Top Director Sells

First Derivatives (FDP) Director name: Mr Michael O'NeillAmount sold: 80,000 @ 300.00p Value: £240,000

First Derivatives (FDP) Director name: Mr Michael O'NeillAmount sold: 20,000 @ 300.00p Value: £60,000

BBA Aviation (BBA) Director name: Mr Simon PryceAmount sold: 30,057 @ 188.90p Value: £56,778

GW Pharmaceuticals (GWP) Director name: Mr Geoffrey GuyAmount sold: 30,000 @ 115.00p Value: £34,500