Director dealings: Stobart CEO raises stake

Stobart Group revealed on Friday that chief executive Warwick Brady had acquired 50,000 ordinary shares in the FTSE 250-listed infrastructure and support business.

Brady, who was appointed CEO in June 2017, purchased the shares on Thursday at an average price of 125.90p each, for a total value of £62,950.

The Southend airport owner revealed on Wednesday that it had swung to a full-year loss, partly on the back of legal fees, but revenue rose thanks to an improvement in its two core operating businesses.

In the year to 28 February, the company swung to a loss of £58.2m from a profit of £100m the year before, while revenue rose 39% to £146.9m.

As of 1620 BST, Stobart shares had slipped 1.17% to 118p.

Top Director Buys

Stobart Group Ltd. (STOB)

Director name: Mr Warwick Brady

Amount purchased: 50,000 @ 125.90p

Value: £62,950

Marks & Spencer Group (MKS)

Director name: Mr Humphrey Singer

Amount purchased: 22,500 @ 220.20p

Value: £49,545

AVI Global Trust (AGT)

Director name: Mr Graham Kitchen

Amount purchased: 2,500 @ 740.67p

Value: £18,517

AVI Global Trust (AGT)

Director name: Mr Graham Kitchen

Amount purchased: 2,500 @ 740.67p

Value: £18,517

Top Director Sells

Keystone Law Group (KEYS)

Director name: Mr Simon Robert Philips

Amount sold: 1,000,000 @ 450.00p

Value: £4,500,000