Lookers chiefs fuel up on shares
A round-up of the biggest director buys today so far.
Shares in car dealer Lookers have almost doubled in less than a week after non-executive director Tony Bramall piled in again following the group's latest update.
Bramall took his family interest in the business to 22.3%, or 40.5m shares, after spending £375,000 on 1.25m shares at 30p each on Friday.
He was joined by a bunch of other directors, including chief executive Henry Surgenor, who spent more than £50,000 between them.
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The Manchester-based company said last Thursday that trading was "challenging" in September and that the outlook for the rest of the year is similar.
Noting that the Society of Motor Manufacturers & Traders reported a 21% downturn in the national new car market, Lookers said it had experienced a similar decline.
It said it was seeking to save costs by redirecting sales back to main hubs and leaving underperforming businesses.
Top Director Buys
Lookers (LOOK)
Director name: Mr D C A Bramall
Amount purchased: 1,250,000 @ 30.00p
Value: £375,000
Griffin Group (GFF)
Director name: Mr Vincent Nicholls
Amount purchased: 20,000,000 @ 0.50p
Value: £100,000
Melrose Resources (MRS)
Director name: Mr Robert F M Adair
Amount purchased: 45,000 @ 220.00p
Value: £99,000
Aberforth Geared Cap & Inc Tst Income (AFHI)
Director name: Mr T Michael Foulkes
Amount purchased: 100,000 @ 97.00p
Value: £97,000
Terrace Hill (THG)
Director name: Mr Robert F M Adair
Amount purchased: 177,690 @ 23.00p
Value: £40,869
PZ Cussons (PZC)
Director name: Mr James Steel
Amount purchased: 12,750 @ 125.90p
Value: £16,052
Lookers (LOOK)
Director name: Mr Brian Schumaker
Amount purchased: 70,000 @ 21.50p
Value: £15,050
Ceres Power Holdings (CWR)
Director name: Sir David Brown
Amount purchased: 20,000 @ 70.60p
Value: £14,120
Lookers (LOOK)
Director name: Mr H K Surgenor
Amount purchased: 50,000 @ 22.00p
Value: £11,000
Top Director Sells
Bunzl (BNZL)
Director name: Mr Michael J Roney
Amount sold: 71,930 @ 628.70p
Value: £452,224
Bunzl (BNZL)
Director name: Mr Michael J Roney
Amount sold: 38,052 @ 628.70p
Value: £239,233
Griffin Group (GFF)
Director name: Mr Stephen Dean
Amount sold: 23,250,000 @ 0.50p
Value: £116,250
