Stock Market News
Barclays Chairman boosts stake after results fail to impress
01-11-2012 16:01
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Sir David Walker, the newly-installed Chairman of Barclays, has swelled his stake in the company with the addition of 50,000 shares just one day after the company delivered a rise in adjusted third-quarter pre-tax profit.
Walker added 50,000 shares at 230.19p each, taking his share in the company to 77,000.
On Wednesday, the company swung to a statuary loss before tax in the third quarter, but the adjusted bottom line - a better measure of its underlying performance - saw strong growth when excluding the £1.8bn in own credit charges and compensation for mis-sold Payment Protection Insurance (PPI).
On an adjusted basis, pre-tax profit totalled £1.73bn in the three months to September 30th, pretty much flat quarter-on-quarter, but well ahead of the £1.34bn reported in the third quarter last year. This was broadly in line with analysts' forecasts for £1.71bn.
The news proved a disappointment to shareholders, with shares dropping in early trading.
However, they are now up more than 6p over the past week, and 62p, or 35%, over the past 12 months.
Top Director Buys
PureCircle Ltd. (DI) (PURE)
Director name: Mr Tan Boon Seng
Amount purchased: 25,000 @ 239.50p
Value: £59,875
Publishing Technology (PTO)
Director name: Mr Alan Moug
Amount purchased: 50,176 @ 99.00p
Value: £49,674
F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 50,000 @ 97.98p
Value: £48,990
PureCircle Ltd. (DI) (PURE)
Director name: Mr Paul E Selway-Swift
Amount purchased: 12,000 @ 240.00p
Value: £28,800
Wolfson Microelectronics (WLF)
Director name: Mr Robert Eckelmann
Amount purchased: 10,000 @ 211.00p
Value: £21,100
Thorntons (THT)
Director name: Mr Jonathan Hart
Amount purchased: 54,569 @ 30.50p
Value: £16,644
Stramin Global Resources (STGR)
Director name: Mr Manoli George Richard Yannaghas
Amount purchased: 310,000 @ 5.00p
Value: £15,500
Lok'n Store Group (LOK)
Director name: Mr Richard Holmes
Amount purchased: 12,000 @ 119.50p
Value: £14,340
Spectra Systems Corporation (SPSY)
Director name: Dr Nabil Lawandy
Amount purchased: 25,000 @ 40.00p
Value: £10,000
Top Director Sells
K3 Business Technology Group (KBT)
Director name: Mr Andy Makeham
Amount sold: 42,000 @ 152.00p
Value: £63,840
K3 Business Technology Group (KBT)
Director name: Mr David J Bolton
Amount sold: 23,000 @ 152.00p
Value: £34,960
Aggreko (AGK)
Director name: Mr Bill Caplan
Amount sold: 1,000 @ 2,125.00p
Value: £21,250
Walker added 50,000 shares at 230.19p each, taking his share in the company to 77,000.
On Wednesday, the company swung to a statuary loss before tax in the third quarter, but the adjusted bottom line - a better measure of its underlying performance - saw strong growth when excluding the £1.8bn in own credit charges and compensation for mis-sold Payment Protection Insurance (PPI).
On an adjusted basis, pre-tax profit totalled £1.73bn in the three months to September 30th, pretty much flat quarter-on-quarter, but well ahead of the £1.34bn reported in the third quarter last year. This was broadly in line with analysts' forecasts for £1.71bn.
The news proved a disappointment to shareholders, with shares dropping in early trading.
However, they are now up more than 6p over the past week, and 62p, or 35%, over the past 12 months.
Top Director Buys
PureCircle Ltd. (DI) (PURE)
Director name: Mr Tan Boon Seng
Amount purchased: 25,000 @ 239.50p
Value: £59,875
Publishing Technology (PTO)
Director name: Mr Alan Moug
Amount purchased: 50,176 @ 99.00p
Value: £49,674
F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 50,000 @ 97.98p
Value: £48,990
PureCircle Ltd. (DI) (PURE)
Director name: Mr Paul E Selway-Swift
Amount purchased: 12,000 @ 240.00p
Value: £28,800
Wolfson Microelectronics (WLF)
Director name: Mr Robert Eckelmann
Amount purchased: 10,000 @ 211.00p
Value: £21,100
Thorntons (THT)
Director name: Mr Jonathan Hart
Amount purchased: 54,569 @ 30.50p
Value: £16,644
Stramin Global Resources (STGR)
Director name: Mr Manoli George Richard Yannaghas
Amount purchased: 310,000 @ 5.00p
Value: £15,500
Lok'n Store Group (LOK)
Director name: Mr Richard Holmes
Amount purchased: 12,000 @ 119.50p
Value: £14,340
Spectra Systems Corporation (SPSY)
Director name: Dr Nabil Lawandy
Amount purchased: 25,000 @ 40.00p
Value: £10,000
Top Director Sells
K3 Business Technology Group (KBT)
Director name: Mr Andy Makeham
Amount sold: 42,000 @ 152.00p
Value: £63,840
K3 Business Technology Group (KBT)
Director name: Mr David J Bolton
Amount sold: 23,000 @ 152.00p
Value: £34,960
Aggreko (AGK)
Director name: Mr Bill Caplan
Amount sold: 1,000 @ 2,125.00p
Value: £21,250
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