Non-exec buys initial stake in Aberdeen
A round-up of the biggest director deals today so far.
Aberdeen Asset Management non-executive director Gerhard Fusenig has bought his first shares in the fund manager since he was appointed to the board on 8 October 2009.
Fusenig invested nearly £129,000 in 100,000 shares, which cost 128.84p each.
Fusenig is Co-Chief Operating Officer of Asset Management and Head of Asset Management EMEA of Credit Suisse Asset Management.
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
Aberdeen recently bought certain fund management assets and contracts of RBS Asset Management for £84.7m. This includes £13.5bn of assets under management.
Aberdeen had a 'successful' last three months of 2009, with gross new business wins more than 3 times the figure for the fourth quarter of 2008.
Wins for the period of £9.6bn compared with £2.6bn a year earlier, with a further £3.1bn of new mandates awarded but not funded at the end of December.
Redemptions of £12.2bn were largely from the lower margin fixed income and money market products, said the firm, resulting in an overall net outflow of £2.6bn, less than last year's £4.3bn.
Total assets under management dipped 1.4% to £144.1bn - prior to the RBS purchase.
Top Director Buys
Travis Perkins (TPK) Director name: Mr Geoff CooperAmount purchased: 21,556 @ 740.42p Value: £159,605
Norseman Gold (NGL) Director name: Mr David Christian SteinepreisAmount purchased: 200,000 @ 41.52p Value: £83,040
Aberdeen Asset Management (ADN) Director name: Mr Gerhard Fusenig Amount purchased: 100,000 @ 128.84p Value: £128,840
Travis Perkins (TPK) Director name: Mr John P CarterAmount purchased: 15,089 @ 740.42p Value: £111,722
Travis Perkins (TPK) Director name: Mr Paul N Hampden SmithAmount purchased: 15,089 @ 740.42p Value: £111,722
Smith & Nephew (SN.) Director name: Mr Ian Barlow Amount purchased: 10,000 @ 680.50p Value: £68,050
Travis Perkins (TPK) Director name: Mr Andrew PikeAmount purchased: 6,035 @ 740.42p Value: £44,684
Top Director Sells
Diageo (DGE) Director name: Mr Paul S WalshAmount sold: 99,000 @ 1,100.00p Value: £1,089,000
Croda International (CRDA) Director name: Mr Michael HumphreyAmount sold: 53,308 @ 917.91p Value: £489,319
Morrison (Wm) Supermarkets (MRW) Director name: Mr Mark GunterAmount sold: 130,864 @ 295.50p Value: £386,703
Morrison (Wm) Supermarkets (MRW) Director name: Mr Richard PennycookAmount sold: 125,629 @ 295.50p Value: £371,234
Morrison (Wm) Supermarkets (MRW) Director name: Mr Martyn JonesAmount sold: 69,371 @ 295.50p Value: £204,991
Centamin Egypt (CEY) Director name: Mr Stuart BottomleyAmount sold: 150,000 @ 124.94p Value: £187,410
British American Tobacco (BATS) Director name: Mr Ben StevensAmount sold: 7,324 @ 2,237.75p Value: £163,893
Spectris (SXS) Director name: Mr Roger StephensAmount sold: 7,176 @ 826.15p Value: £59,285
Spectris (SXS) Director name: Mr John O'HigginsAmount sold: 7,186 @ 822.00p Value: £59,069
Pennon Group (PNN) Director name: Mr C I J H DrummondAmount sold: 7,298 @ 527.60p Value: £38,504
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published