BT's Livingstone tops up stake
A round-up of the biggest director buys today so far.
BT boss Ian Livingstone has coughed up almost £100,000 for shares in the telecoms group after Thursday's slump to their lowest since privatisation in 1984.
Livingstone paid 99.7p each for 99,500 shares, taking his stake to more than 759,000 shares, currently worth about £m.
The move comes just a day after BT reported an 81% slump in third quarter pre-tax profit following a poor performance and a £340m one-off charge at its Global Services unit.
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
It said there may be further "substantial" one-off charges in the fourth quarter as a result of financial and contract reviews at the troublesome division, which provides IT services for corporate customers.
Top Director Buys
Value: £99,202
Value: £75,000
Value: £40,150
Value: £25,483
Value: £13,500
Top Director Sells
Value: £54,012
Value: £35,014
Value: £25,254
Value: £27,370
Value: £12,453
Value: £18,819
Value: £8,170
Value: £13,739
Value: £6,106
-
Zoopla: UK property supply hits eight-year high ahead of general election
News More homeowners are putting their properties up for sale but many are relisting after failing to find a buyer last year - is now a good time to buy?
By Marc Shoffman Published
-
What’s happening to the NatWest share sell-off? Impact of general election 2024 explained
The UK government has held shares in NatWest Group since the 2008 Financial Crisis. But a plan to sell off a large chunk of them appears to have been delayed.
By Henry Sandercock Published