Northumbrian Water bosses pump in cash

published 27 February 2009

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.

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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

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