New Old Mutual chairman Patrick O'Sullivan has acquired shares in the financial services company for the first time.
O'Sullivan was appointed chairman in January this year and he was formerly vice chairman of Zurich Financial Services. Prior to that, he was finance director of Zurich and chief executive of its subsidiary Eagle Star.
O'Sullivan has invested nearly £121,000 in buying 100,000 shares at 120.83p each.
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
Old Mutual's operations cover savings, banking, insurance and asset management. Old Mutual has £285bn of funds under management.
Old Mutual reported a decline in profits from £595m to £247m in 2009.
Top Director Buys
Pearson (PSON) Director name: Ms Marjorie ScardinoAmount purchased: 38,098 @ 1,024.00p Value: £390,124
Pacific Alliance Asia Opportunity Fund Ltd. (PAX) Director name: Mr Christopher M GradelAmount purchased: 191,983 @ $1.77 Value: $339,061
Pearson (PSON) Director name: Mr Robin FreestoneAmount purchased: 18,357 @ 1,024.00p Value: £187,976
Old Mutual (OML) Director name: Mr Patrick O'SullivanAmount purchased: 100,000 @ 120.83p Value: £120,830
Pearson (PSON) Director name: Mr Will EthridgeAmount purchased: 4,728 @ 1,029.10p Value: £48,656
Ladbrokes (LAD) Director name: Mr Darren M ShaplandAmount purchased: 25,000 @ 161.51p Value: £40,378
Managed Support Services (MSS) Director name: Mr Simon BeartAmount purchased: 588,000 @ 6.80p Value: £39,984
Alternative Invest Strategies Sterling Hedged (AIS) Director name: Mr John WalleyAmount purchased: 31,200 @ 107.75p Value: £33,618
XP Power (XPP) Director name: Mr Larry TraceyAmount purchased: 4,000 @ 564.00p Value: £22,560
Delcam (DLC) Director name: Mr Hugh HumphreysAmount purchased: 7,500 @ 235.00p Value: £17,625
Top Director Sells
Pacific Alliance Asia Opportunity Fund Ltd. (PAX) Director name: Mr Christopher M GradelAmount sold: 232,472 @ $1.89 Value: $440,395
Premier Energy & Water Trust (PEW) Director name: Mr M D WigleyAmount sold: 5,505 @ 184.00p Value: £10,129
-
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"?
-
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
