Lloyds director buys
A round-up of the biggest director deals today so far.
Lloyds Banking Group non-exec Timothy Ryan has purchased 20,000 shares in the bank.
Ryan paid 94p per share, taking the total cost of the purchase to nearly £19,000. The group did not reveal his current holdings.
Yesterday, the bank confirmed it has agreed with the Treasury to launch a previously announced placing and open offer on 20 May. The proceeds will be used to redeem the 4bn of preference shares held by the Treasury.
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
Existing shareholders will be able to subscribe for 0.6213 new shares for every one held in Lloyds at an offer price of 38.43p.
"Any proceeds raised in the rump placing in excess of the 38.43 pence open offer price will be distributed on a pro rata basis to those shareholders who did not participate in the placing and open offer," said the group.
Lloyds had also announced yesterday that Sir Victor Blank will step down as chairman by June next year. Lord Leitch has been appointed as deputy chairman with immediate effect.
Top Director Buys
Value: £18,920
Top Director Sells
Value: $290,160
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
How taking a two-year career break could leave a £26k hole in your pension
Career breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time
-
Cash in on your attic: Thousands could be sitting dormant in your storage
Selling your valuables at auction could be far more lucrative than you think. We take a look at how auctions work, and some tips to help you maximise your profits