Breon Corcoran, the new Chief Executive Officer of FTSE 250 online betting firm Betfair, purchased 25,000 shares at the end of last week, it was announced Monday.

He bought the shares at 658.94p each, costing him a total of £164,735.

Chief Financial Officer Alexander Gersh also boosted his stake in the group, buying a round of 20,000 shares at 657.45p each, and handing over £131,490 in total.

In its most recent report, the company said that it is reducing its exposure to markets with an uncertain regulatory future.

Speaking in mid-December, Corcoran said: "The review we have carried out over the past four months has demonstrated a number of strengths. Betfair has a unique product offering, strong brand affinity and scale in the UK. However, we have also identified a number of areas requiring change and fixing these will take time.

"Recent regulatory developments have been challenging and we are reducing our exposure to markets with an uncertain regulatory future. We will focus investment within regulated markets with sustainable revenues."


Top Director Buys

Sierra Rutile Ltd (SRX)
Director name: Mr Jan Alex Castro
Amount purchased: 460,000 @ 53.00p
Value: £243,800

Betfair Group (BET)
Director name: Mr Breon Corcoran
Amount purchased: 25,000 @ 658.94p
Value: £164,735

Betfair Group (BET)
Director name: Mr Alexander Gersh
Amount purchased: 20,000 @ 657.45p
Value: £131,490

Sierra Rutile Ltd (SRX)
Director name: Mr Michael Brown
Amount purchased: 105,000 @ 53.00p
Value: £55,650

President Energy (PPC)
Director name: Mr Peter M Levine
Amount purchased: 100,000 @ 25.00p
Value: £25,000

Sierra Rutile Ltd (SRX)
Director name: Mr Michael Barton
Amount purchased: 35,000 @ 53.00p
Value: £18,550


Top Director Sells

Capital & Regional (CAL)
Director name: Mr Kenneth Ford
Amount sold: 172,278 @ 28.28p
Value: £48,720

Related share prices
Capital & Regional (CAL) share price
President Energy (PPC) share price
Betfair Group (BET) share price
Sierra Rutile Ltd (SRX) share price