Northumbrian Water's managing director John Cuthbert topped up his stake in the utility group today, spending more than £100,000 on shares.
He bought 50,000 at 218.25p a time and now has 237,221.
Meanwhile, the wife of finance director Chris Green bought 30,000 shares meaning that Green and 'connected persons' now have 157,679.
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
While water companies are generally seen as defensive during downturns, Northumbrian, which provides water for 2.6m people in the the north east of England and 1.7m in the south east, has seen its share price struggle recently.
Earlier this month, it predicted that second half revenues would be down by about £4m from the first half.
Top Director Buys
Value: £109,150
Value: £94,800
Value: £65,550
Value: £52,000
Value: £45,500
Value: £26,600
Value: £20,300
Value: £11,220
Value: $11,050
Top Director Sells
Value: £337,486
-
Trouble brews in B&M as bargain shops take a hitOpinion Once a stock market darling, B&M's share price has slumped. What has gone wrong for bargain shops?
-
US and China reach a ceasefire in their trade war after talks in LondonThe US and China's trading relationship – the most important one in the global economy – is back on track. Will the truce last?
