The wife of Sir Muir Lockhead, the chief executive of FirstGroup has sold her stake worth nearly £400,000 in the bus and train operator.

Lady Audrey Lockhead offloaded just over 100,000 shares in the company at 394.2p a time.

She no longer has any shares in the company, but her husband still has about 1.1m.

Last month, FirstGroup reported that full-year profit fell 10%, due to the recession and higher fuel costs, while poor weather during the fourth quarter cost the business £16m.

Profit before tax dropped to £179.6m in the 12 months ended 31 March, down from £200m the year before, on revenue up 2% to £6.3bn thanks to £176.3m of favourable foreign exchange movements.

But it could have been worse without the positive impact of the firm's cost savings programme. It has delivered annual savings of over £200m.

Sir Moir, who started his career as a mechanical engineer, has been chief executive of the company since it was formed in 1995. In 1996 he was awarded the OBE for services to the bus industry and in 2008 he was awarded a Knighthood for services to transport.


Top Director Buys

Aggreko (AGK)
Director name: Mr Rupert Soames
Amount purchased: 300,000 @ 1,444.00p
Value: £4,332,000

Aggreko (AGK)
Director name: Mr Philip G Rogerson
Amount purchased: 70,000 @ 1,443.00p
Value: £1,010,100

Kofax (KFX)
Director name: Mr James Arnold, Jr.
Amount purchased: 150,000 @ 235.00p
Value: £352,500

RPC Group (RPC)
Director name: Mr Jamie Pike
Amount purchased: 19,400 @ 256.00p
Value: £49,664

Michelmersh Brick Holdings (MBH)
Director name: Mr Alan Hardy
Amount purchased: 130,000 @ 35.00p
Value: £45,500

Bellway (BWY)
Director name: Mr John Cuthbert
Amount purchased: 6,000 @ 617.99p
Value: £37,079

AG Barr (BAG)
Director name: Mr Alex B C Short
Amount purchased: 3,000 @ 1,085.00p
Value: £32,550

Leaf Clean Energy (LEAF)
Director name: Mr Bran Keogh
Amount purchased: 50,000 @ 62.00p
Value: £31,000

CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 6,176 @ 450.00p
Value: £27,792

Freshwater UK (FWUK)
Director name: Mr John Underwood
Amount purchased: 135,297 @ 16.00p
Value: £21,648


Top Director Sells

Aggreko (AGK)
Director name: Mr Rupert Soames
Amount sold: 343,632 @ 1,444.00p
Value: £4,962,046

Aggreko (AGK)
Director name: Mr Philip G Rogerson
Amount sold: 80,000 @ 1,443.00p
Value: £1,154,400

Grainger (GRI)
Director name: Mr Henry Pitman
Amount sold: 550,000 @ 107.50p
Value: £591,250

FirstGroup (FGP)
Director name: Mr Moir Lockhead
Amount sold: 100,136 @ 394.17p
Value: £394,706

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