BP's new chairman buys big
A round-up of the biggest director deals today so far.
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BP's new chairman Carl-Henric Svanberg has put his faith in his new employer by investing £4.3m in the oil giant's shares.
He took 750,000 shares through his company CHAS Aludden.
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He succeeded Peter Sutherland, the former Attorney General of Ireland, as BP's chairman.
News of Svanberg's large share purchase comes the day after BP reported fourth quarter profits that were slightly short of expectations, but well ahead of the same period the previous year.
Underlying replacement cost profit for the quarter was up 70% on the same period a year earlier at $4.38bn, but fell short of analysts' forecasts of around $4.7bn.
Oil and gas output in 2010 is forecast to be down slightly on 2009 levels, as 2009 saw very few interruptions to production.
Recovery in the major economies of the US and Europe is expected to be 'slow and gradual', chief executive Tony Hayward said the company expects gas markets to be volatile while refining margins are expected to remain under pressure for the foreseeable future.
Top Director Buys
BP (BP.) Director name: Mr Carl-Henric SvanbergAmount purchased: 750,000 @ 574.94p Value: £4,312,050
Marston's (MARS) Director name: Mr Derek AndrewAmount purchased: 59,000 @ 90.00p Value: £53,100
Murgitroyd Group (MUR) Director name: Dr Christopher GreigAmount purchased: 5,000 @ 261.00p Value: £13,050
Maxima Holdings (MXM) Director name: Mr Graham KingsmillAmount purchased: 12,272 @ 81.50p Value: £10,002
Top Director Sells
Novo-Nordisk AS 'B' Shares (NVOB) Director name: Mr Lars R SorensenAmount sold: 29,000 @ Dk368.33 Value: Dk10,681,570
Novo-Nordisk AS 'B' Shares (NVOB) Director name: Mr Lars R SorensenAmount sold: 26,138 @ Dk368.33 Value: Dk9,627,410
Novo-Nordisk AS 'B' Shares (NVOB) Director name: Mr Jesper BrandgaardAmount sold: 17,430 @ Dk368.34 Value: Dk6,420,166
Novo-Nordisk AS 'B' Shares (NVOB) Director name: Mr Jesper BrandgaardAmount sold: 10,000 @ Dk368.34 Value: Dk3,683,400
Avis Europe (AVE) Director name: Mr Pierre Alain De SmedtAmount sold: 235,728 @ 38.80p Value: £91,462
Avis Europe (AVE) Director name: Mr Pierre Alain De SmedtAmount sold: 164,272 @ 38.90p Value: £63,902
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