Chief executive Jim Marsh has been buying shares in Cable & Wireless Worldwide following its demerger from Cable & Wireless Communications last week.

He bought 43,500 shares at 94.27p each on Friday and 203,000 at 91.8p each on Monday. The total investment was just over £227,000.

Marsh owns 651,559 shares in C&W Worldwide, which offers telecoms services in the UK and the rest of the world.

Broker Nomura prefers C&W Worldwide to the smaller C&W Communications. It recommends C&W Worldwide as a buy and has set a target price of 110p a share. Nomura expects the company to benefit from a move from low margin voice products to higher margin data operations.

Net debt was minimal following the demerger and C&W Worldwide is not expected to pay tax for the foreseeable future. The company is expected to retain its FTSE100 index status.

Top Director Buys

Cable & Wireless Worldwide (CW.)
Director name: Mr Jim Marsh
Amount purchased: 203,000 @ 91.80p
Value: £186,354

Umeco (UMC)
Director name: Mr Neil Johnson
Amount purchased: 50,000 @ 363.25p
Value: £181,625

Volex (VLX)
Director name: Mr Ray Walsh
Amount purchased: 40,000 @ 103.00p
Value: £41,200

Cable & Wireless Worldwide (CW.)
Director name: Mr Jim Marsh
Amount purchased: 43,500 @ 94.27p
Value: £41,007

Kingfisher (KGF)
Director name: Mr Kevin O'Byrne
Amount purchased: 17,500 @ 224.21p
Value: £39,237

Monitise (MONI)
Director name: Mr David Dey
Amount purchased: 120,932 @ 16.45p
Value: £19,905

The European Investment Trust (EUT)
Director name: Mr Michael Moule
Amount purchased: 3,000 @ 555.02p
Value: £16,651

Wolseley (WOS)
Director name: Mr Andrew Duff
Amount purchased: 1,000 @ 1,621.78p
Value: £16,218

W H Ireland (WHI)
Director name: Mr Lord Marland
Amount purchased: 25,000 @ 40.00p
Value: £10,000


Top Director Sells

Vodafone Group (VOD)
Director name: Mr Andrew Halford
Amount sold: 2,662,172 @ 146.80p
Value: £3,908,068

Vodafone Group (VOD)
Director name: Mr Andrew Halford
Amount sold: 479,395 @ 146.88p
Value: £704,135

Alliance Pharma (APH)
Director name: Mr Tony Booley
Amount sold: 489,250 @ 33.25p
Value: £162,676

Sainsbury (J) (SBRY)
Director name: Mr Justin King
Amount sold: 35,324 @ 328.76p
Value: £116,131

Pearson (PSON)
Director name: Ms Marjorie Scardino
Amount sold: 9,616 @ 1,044.00p
Value: £100,391

Pearson (PSON)
Director name: Ms Rona A Fairhead
Amount sold: 6,757 @ 1,044.00p
Value: £70,543

Pearson (PSON)
Director name: Mr John Makinson
Amount sold: 6,757 @ 1,044.00p
Value: £70,543

SABMiller (SAB)
Director name: Mr Tony van Kralingen
Amount sold: 3,308 @ 1,957.00p
Value: £64,738

Kingfisher (KGF)
Director name: Mr Ian Cheshire
Amount sold: 22,359 @ 225.01p
Value: £50,310

Kingfisher (KGF)
Director name: Mr Ian Cheshire
Amount sold: 19,882 @ 225.01p
Value: £44,736

Related share prices
Kingfisher (KGF) share price
Pearson (PSON) share price
SABMiller (SAB) share price
Sainsbury (J) (SBRY) share price
Vodafone Group (VOD) share price
European Investment Trust (EUT) share price
Wolseley (WOS) share price
Umeco (UMC) share price
Volex (VLX) share price
Alliance Pharma (APH) share price
Allied Healthcare International (AHI) share price
Monitise (MONI) share price
Cable & Wireless Worldwide (CW.) share price