BAE Systems non-exec cashes in 50,000 shares

22nd Aug 2014 17:36

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 BuysHenry Boot (BHY) Director name: Mr Edward Jamie BootAmount purchased: 15,250 @ 198.75p Value: £30,309Henry Boot (BHY) Director name: Mr John T SutcliffeAmount purchased: 15,250 @ 198.75p Value: £30,309FirstGroup (FGP) Director name: Mr John McFarlaneAmount purchased: 8,933 @ 127.30p Value: £11,372Aga Rangemaster Group (AGA) Director name: Mr William B McGrathAmount purchased: 6,410 @ 157.00p Value: £10,064Top Director SellsBankers Petroleum Ltd.(CDI) (BNK) Director name: Mr Robert M D CrossAmount sold: 100,000 @ 354.25p Value: £354,250BAE Systems (BA.) Director name: Mr Paul AndersonAmount sold: 50,000 @ 442.20p Value: £221,100Bankers Petroleum Ltd.(CDI) (BNK) Director name: Mr Wesley ClarkAmount sold: 30,000 @ 354.04p Value: £106,212Henry Boot (BHY) Director name: Mr Edward Jamie BootAmount sold: 15,250 @ 198.25p Value: £30,233Henry Boot (BHY) Director name: Mr John T SutcliffeAmount sold: 15,250 @ 198.25p Value: £30,233NR