BAE Systems non-exec cashes in 50,000 shares

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Sharecast News | 22 Aug, 2014

A round-up of the biggest director deals today so far.

Paul Anderson, a non-executive director of aerospace, defence and securities giant BAE Systems, has cashed in 50,000 shares.

The shares were sold at 442.2p each, giving the deal a total trade value of £221,100.

The deal came just three weeks after the company posted lower half-year sales and profits as it downplayed talk that it could revive its failed merger with the former EADS group now known as Airbus.

BAE reported a 10.6% drop in sales to £7.6bn from £8.5bn in the six months to 30 June and said underlying pre-tax earnings came in 7.5% lower at £802m versus £867m last time.

The group expects sales to be weighted towards the second half of 2014, including the timing of Typhoon aircraft deliveries.

Top Director Buys

Henry Boot (BHY)

Director name: Mr Edward Jamie Boot

Amount purchased: 15,250 @ 198.75p

Value: £30,309

Henry Boot (BHY)

Director name: Mr John T Sutcliffe

Amount purchased: 15,250 @ 198.75p

Value: £30,309

FirstGroup (FGP)

Director name: Mr John McFarlane

Amount purchased: 8,933 @ 127.30p

Value: £11,372

Aga Rangemaster Group (AGA)

Director name: Mr William B McGrath

Amount purchased: 6,410 @ 157.00p

Value: £10,064

Top Director Sells

Bankers Petroleum Ltd.(CDI) (BNK)

Director name: Mr Robert M D Cross

Amount sold: 100,000 @ 354.25p

Value: £354,250

BAE Systems (BA.)

Director name: Mr Paul Anderson

Amount sold: 50,000 @ 442.20p

Value: £221,100

Bankers Petroleum Ltd.(CDI) (BNK)

Director name: Mr Wesley Clark

Amount sold: 30,000 @ 354.04p

Value: £106,212

Henry Boot (BHY)

Director name: Mr Edward Jamie Boot

Amount sold: 15,250 @ 198.25p

Value: £30,233

Henry Boot (BHY)

Director name: Mr John T Sutcliffe

Amount sold: 15,250 @ 198.25p

Value: £30,233

NR

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