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Article: Faroe director buys as shares soar.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- October 6, 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: The buy/sell ratio is starting to widen, but the big deals are still sales
The number of directors buying shares relative to those selling has increased slightly over the past fortnight, but the fragility of market sentiment is still apparent following market reaction to US labour statistics last week. Directors that have cashed in over the past few months must be feeling pretty pleased.
However, there have also been some interesting buy signals. Two directors of Balfour Beatty, including finance director Duncan Magrath, have pushed up their individual holdings by 5,000 shares a week. They're clearly more ...