Babcock director takes a stake

Rupert Dorey, a director at Babcock and Brown Public Partnerships has taken a big stake in the infrastructure investor, the day after it reported an increase in annual pre-tax profit.

He bought 113,630 shares at 91.1p a time, or a total of just over £100,000. He previously had no shares in the firm..

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Pre-tax profit rose to £12.2m in the year ended 31 December 2008 from £11.3m the year before. Net Asset Value at 31 December was £431.8m up from £330.4m previously. Revenue for the period rose to £224.9m from £131.2m before.

Top Director Buys

Value: £103,631

Value: £88,438

Value: £74,969

Value: £29,295

Value: £22,020

Value: £20,045

Value: £19,400

Value: £15,880

Value: £11,300

Value: £10,010

Top Director Sells

Value: £239,540

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