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Article: Directors buy on a leap of faith.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mark Robinson
DIRECTORS' DEALS: Sales are still in the ascendancy, but some directors are backing their companies' future prospects with substantial cash outlays.
Most of the interest has focused on director sales in recent weeks, and while the divestments still hold sway - just look at the big disposals by Ashley Almanza at BG, or bosses at coal group Hargreaves Services - it certainly hasn't been one-way traffic over the past week.
Leading the way on the buying front was David Stevens, the chief operating officer of Admiral PLC. He has acquired another 150,000 shares to add to his personal stake in the Company, which now amounts to ...