Fiberweb number cruncher builds stake
A round-up of the biggest director buys today so far.
Director and chief financial officer of Fiberweb Daniel Abrams has put his hand in his pocket and bought 70,000 shares in the fabrics producer.
Abrams paid £49,560 for the stake at 70.8p a share on the same day that the firm concluded negotiations with Brazilian spunbound fabrics producer Fitesa over the creation of a joint venture company.
Friday's purchase takes Abrams' stake to 316,000 and comes as Fiberweb shares notch up a new 12-month closing high of 69.25p each.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
Earlier, Fiberweb said the new JV company, owned 50/50 by Petropar and Fiberweb, will be called FitesaFiberweb.
It will focus on markets for lightweight non-woven fabrics, serving producers of disposable hygiene products such as baby and adult nappies and feminine care products
Top Director Buys
Value: £2,000,000
Value: £149,100
Value: £52,382
Value: £49,560
Value: £48,881
Value: £18,750
Value: £16,310
Value: £11,969
Value: £10,743
Top Director Sells
Value: £148,500
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
-
Revolut finally bags a UK banking licence – what's next for the fintech?
Revolut has finally been granted a UK banking licence following three years of negotiations with the regulator
By Kalpana Fitzpatrick Published
-
Could Labour impose a “double death tax” of more than 50%?
Speculation is mounting that capital gains tax will be reformed in the Budget - and one option is to charge bereaved families the tax on top of inheritance tax. We explain how it could work
By Ruth Emery Published