Webb pumps £100k into Autonomy

Autonomy's non-executive chairman Robert Webb has decided its time to dip in and pick up a stake in the data search software specialist.

The shares have tumbled 23% since hitting 1,538p at the end of May, a level not seen since the tech bubble began to burst in 2000.

Webb, who only took up his post in May, spent £99,254 on 8,109 shares at 1,224p each.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues 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

Sign up

Earlier this month Autonomy posted record second quarter revenue and profits. Revenues in the three months to 30 June rose to $195.2m from $125.7m a year earlier, while adjusted profit before tax, which excludes various charges, climbed to $89.6m from $50.8m.

Four deals have been announced this month, two with global banks and the others with a leading global aerospace engineering supplier and a major US national law enforcement agency.

Top Director Buys

Value: £99,254

Value: £97,350

Value: £27,500

Value: £25,595

Value: £18,130

Top Director Sells

Value: £146,382

Value: £142,009

Value: £79,527

Value: £79,527

Value: £73,278

Value: £72,575

Value: £70,673

Value: £70,571

Value: £25,563