Iain Conn, a non-executive director at global power systems company Rolls Royce has topped up his stake in the firm.

The director, who joined the board in 2005, bought 325 shares at 792.5p each, in a purchase which follows a month of lucrative contract wins for the firm.

In December the company won a €250m contract to supply safety instrumentation and control systems for the French nuclear reactor modernisation programme.

Earlier in the month the firm secured a $350m contract from Hawaiian Airlines to deliver Trent 700 engines to power five Airbus A330 aircraft, an announcement which came just days after the firm won new contracts worth up to $650m from deep water driller Petrobras.

On January 2, the company suffered a downgrade by UBS to sell from neutral, while its target price was cut from 610p to 600p.


Top Director Buys

Pacific Alliance Asia Opportunity Fund Ltd. (PAX)
Director name: Mr Christopher M Gradel
Amount purchased: 100,000 @ $1.14
Value: $114,000

Wolseley (WOS)
Director name: Ms Tessa Bamford
Amount purchased: 900 @ 2,109.58p
Value: £18,986


Top Director Sells

Northern 2 VCT (NTV)
Director name: Mr Alistair M Conn
Amount sold: 139,217 @ 74.20p
Value: £103,299

Northern 2 VCT (NTV)
Director name: Mr Frank L G Neale
Amount sold: 43,238 @ 74.20p
Value: £32,083

Northern 2 VCT (NTV)
Director name: Mr Christopher Fletcher
Amount sold: 17,524 @ 74.20p
Value: £13,003

NR

Related share prices
Rolls-Royce Holdings (RR.) share price