Director dealings: TalkTalk chairman ups stake

TalkTalk chairman Charles Dunstone purchased 313,322 ordinary shares in the FTSE 250-listed telecoms outfit.

Dunstone, the founder of Carphone Warehouse and creator of TalkTalk, acquired the shares at an average price of 116.07p each, for a total value of £363,672.83.

TalkTalk announced an acceleration of its full fibre strategy late last month, with the launch of a company to build a new broadband network across Britain.

It said the subsidiary, to be called ‘FibreNation’, would roll out faster, more reliable broadband to three million homes and businesses.

TalkTalk had previously announced its intention to invest in a new broadband network, giving further details about its plans on Wednesday, with FibreNation set to be established under an independent chair to roll-out full fibre infrastructure.

Management confirmed that the first three towns to benefit would be Harrogate, Ripon and Knaresborough, with the roll-out building on the company’s full fibre trial in York, which had seen the city benefit from what it claimed was Britain's fastest internet.

As of 1520 GMT, TalkTalk shares had ticked up 0.62% to 116.10p.

Top Director Buys

Talktalk Telecom Group (TALK)
Director name: Dunstone,Charles W
Amount purchased: 313,322 @ 116.07p
Value: £363,672.83

Sig (SHI)
Director name: Oldersma ,MeinieÂ
Amount purchased: 332,388 @ 104.77p
Value: £348,246.21

Aj Bell (AJB)
Director name: Bell,Andrew James
Amount purchased: 118,750 @ 160.00p
Value: £190,000.00

Aj Bell (AJB)
Director name: Flanagan,Eamonn Michael
Amount purchased: 62,500 @ 160.00p
Value: £100,000.00

Aj Bell (AJB)
Director name: Bell,Andrew James
Amount purchased: 62,500 @ 160.00p
Value: £100,000.00

Aj Bell (AJB)
Director name: Platts,Leslie Michael
Amount purchased: 62,500 @ 160.00p
Value: £100,000.00

Aj Bell (AJB)
Director name: Bell,Andrew James
Amount purchased: 31,250 @ 160.00p
Value: £50,000.00

Aj Bell (AJB)
Director name: Turner,Simon
Amount purchased: 31,250 @ 160.00p
Value: £50,000.00

Aj Bell (AJB)
Director name: Bell,Andrew James
Amount purchased: 31,250 @ 160.00p
Value: £50,000.00

Cairn Energy (CNE)
Director name: Thomson,Simon
Amount purchased: 31,812 @ 156.00p
Value: £49,626.72

Cadence Minerals (KDNC)
Director name: Morzaria,Kiran
Amount purchased: 723,404 @ 0.14p
Value: £1,012.77

Cadence Minerals (KDNC)
Director name: Suckling,Andrew
Amount purchased: 723,404 @ 0.14p
Value: £1,012.77

Cadence Minerals (KDNC)
Director name: Strang ,Donald
Amount purchased: 702,989 @ 0.14p
Value: £984.18

Oxford Instruments (OXIG)
Director name: Barkshire,Ian
Amount purchased: 17 @ 896.35p
Value: £152.38

Oxford Instruments (OXIG)
Director name: Hill,Gavin
Amount purchased: 17 @ 896.35p
Value: £152.38

Top Director Sells

Aj Bell (AJB)
Director name: Bell,Andrew James
Amount sold: 11,339,256 @ 160.00p
Value: £18,142,809.87

Aj Bell (AJB)
Director name: Summersgill ,Michael Thomas
Amount sold: 436,211 @ 160.00p
Value: £697,937.61

Aj Bell (AJB)
Director name: Platts,Leslie Michael
Amount sold: 67,493 @ 160.00p
Value: £107,988.80

Aj Bell (AJB)
Director name: Turner,Simon
Amount sold: 33,037 @ 160.00p
Value: £52,859.20

Aj Bell (AJB)
Director name: Flanagan,Eamonn Michael
Amount sold: 11,566 @ 160.00p
Value: £18,505.60

Aj Bell (AJB)
Director name: Carstensen ,Laura
Amount sold: 11,566 @ 160.00p
Value: £18,505.60