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..
The company said yesterday that it would change its name to International Public Partnerships Limited, subject to BBPP shareholder approval.
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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
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Value: £22,020
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Value: £19,400
Value: £15,880
Value: £11,300
Value: £10,010
Top Director Sells
Value: £239,540
Value: £213,526
Value: £149,991
Value: £100,389
Value: £88,438
Value: £35,298
Value: £34,488
Value: £15,230
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