Pearson chairman takes more shares

Pearson's chairman Glen Moreno has upped his holding in the publishing group with the purchase of 10,000 American Depositary Receipts.

He bought the ADRs in Pearson, which publishes the Financial Times and a range of textbooks, at $9.40 (£5.45p) a time and now has 210,000.

An ADR is a means for US investors to invest in foreign companies.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues 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

Sign up

The purchase comes soon after Pearson said the strong US dollar was helping it lift profits.

Financial Times sales were benefiting from readers keen to follow the volatility seen in the global markets lately, the firm said.

Top Director Buys

Sibir Energy (SBE)

Director name: Mr Henry Cameron

Amount purchased: 237,500 @ 209.00p

Value: £496,375

Steppe Cement (STCM)

Director name: Mr Javier del Ser Perez

Amount purchased: 375,000 @ 100.00p

Value: £375,000

Dana Petroleum (DNX)

Director name: Mr Thomas P Cross

Amount purchased: 43,490 @ 852.80p

Value: £370,883

Pearson (PSON)

Director name: Mr Glen Moreno

Amount purchased: 10,000 @ 543.19p

Value: £54,319

Charter (CHTR)

Director name: Mr John Neill

Amount purchased: 20,000 @ 345.00p

Value: £69,000

Dana Petroleum (DNX)

Director name: Mr Philip John Dayer

Amount purchased: 5,787 @ 864.00p

Value: £50,000

PureCircle (PURE)

Director name: Mr Paul E Selway-Swift

Amount purchased: 32,600 @ 150.50p

Value: £49,063

Kingspan Group (KGP)

Director name: Ms Helen Kirkpatrick

Amount purchased: 9,234 @ € 5.10

Value: € 47,093

Lamprell (LAM)

Director name: Mr Peter Gibbs Birch

Amount purchased: 25,000 @ 180.00p

Value: £45,000

Melchior Japan Investment Trust (MJT)

Director name: Mr Andrew Dalton

Amount purchased: 100,000 @ 30.00p

Value: £30,000

Top Director Sells

NCC Group (NCC)

Director name: Mr Robert F C Cotton

Amount sold: 25,873 @ 355.00p

Value: £91,849

NCC Group (NCC)

Director name: Mr Paul Edwards

Amount sold: 11,320 @ 355.00p

Value: £40,186