Cable & Wireless directors were busy trading shares in the telecoms group again today, buying over £500,000 worth this time.
Tim Pennington, finance boss since November last year, spent nearly £400,000 on 284,000 shares at 139.8p each.
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Today's activity follows yesterday's £264,000 acquisition by chairman Richard Lapthone.
C&W shares plunged Thursday, despite largely in-line full-year results, as two director sales, said to be of shares awarded under C&W's performance related share scheme, rocked confidence.
Profit before tax for the 12 months ended 31 March rose to £422m from £308m a year ago, although exceptional items of £189m mean the total figure was down to £233m from £267m. The firm forecasts EBITDA of about £1.025bn for 2009/10.
Top Director Buys
Value: £397,333
Value: £139,800
Value: € 49,932
Value: £49,000
Value: £25,560
Value: £19,942
Value: £15,640
Value: £14,584
Top Director Sells
Value: £400,512
Value: £101,000
Value: £71,295
Value: £15,660
Value: £12,000
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