Optare bosses buy in
A round-up of the biggest director deals today so far.
Directors at bus maker Optare bought millions of shares in the company at the end of last week, it announced today.
Chairman John Fickling bought nearly 1m shares at 5p a time as did chief executive Jim Sumner. They now have some 2m shares (1.81% of the company) and 1m shares respectively.
Directors Mike Dunn, David Stonehouse and David Maughan also bought sizeable stakes.
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
In May Optare reported a loss £12m in 2008 reflecting costs of integrating two new businesses in difficult trading conditions.
Optare has manufacturing facilities in Blackburn and Leeds as well as service centres in West Thurrock near London and Cumbernauld near Glasgow.
Top Director Buys
Value: £70,000
Value: £49,465
Value: £49,465
Value: £19,384
Value: £17,782
Value: £10,000
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published