BAE Systems's heir presumptive picks up shares

23rd Sep 2016 16:45

(ShareCast News) - BAE's heir presumptive to its current chief, Ian King, picked up a sizeable number of shares the day after being assigned responsibility for the aerospace engineer's UK defence and cyber units.Charles Woodburn was now widely-tipped to replace Kind when he stepped down from the helm of the company, possibly in 2017.Woodburn picked up 26,498 shares at an individual price of 536p for a total consideration of £142,029.28 on 22 September, the company said in a statement.On 16 September, ratings agency S&P downgraded the aerospace group's long-term dent rating from BBB+ to BBB, assigning a 'neutral' outlook to the same.S&P analysts referenced the company's weak debt metrics in the face of a substantial shortfall in its pensions as their chief concern.Top Director BuysBae Systems (BA.)Director name: Woodburn,CharlesAmount purchased: 26,498 @ 536.00pValue: £142,029.28Smart Metering Systems (SMS)Director name: Greenwood,MiriamAmount purchased: 4,650 @ 545.50pValue: £25,365.75Highcroft Investment (HCFT)Director name: Hewitt,JohnAmount purchased: 2,000 @ 883.50pValue: £17,670.00Northern Bear (NTBR)Director name: Roy Jennings,GrahamAmount purchased: 22,222 @ 45.00pValue: £9,999.90Puricore (PURI)Director name: Spicer,CharlesAmount purchased: 17,319 @ 28.87pValue: £5,000.00Puricore (PURI)Director name: Spicer,CharlesAmount purchased: 17,482 @ 28.60pValue: £4,999.85Johnson Matthey (JMAT)Director name: Garner,Nicholas Amount purchased: 12 @ 3,287.00pValue: £394.44Johnson Matthey (JMAT)Director name: Kelleher,AnnetteAmount purchased: 12 @ 3,287.00pValue: £394.44Johnson Matthey (JMAT)Director name: Garner,Nicholas Amount purchased: 12 @ 3,287.00pValue: £394.44Johnson Matthey (JMAT)Director name: Farrant,SimonAmount purchased: 12 @ 3,287.00pValue: £394.44Johnson Matthey (JMAT)Director name: Walker,JohnAmount purchased: 9 @ 3,287.00pValue: £295.83Johnson Matthey (JMAT)Director name: MacLeod,RobertAmount purchased: 9 @ 3,287.00pValue: £295.83Law Debenture Corp. (LWDB)Director name: Adams,MichaelAmount purchased: 29 @ 505.50pValue: £146.59Fidessa Group (FDSA)Director name: Skelton ,Andy Amount purchased: 5 @ 2,476.00pValue: £123.80Fidessa Group (FDSA)Director name: Aspinwall,ChrisAmount purchased: 5 @ 2,476.00pValue: £123.80Fidessa Group (FDSA)Director name: Hamer,JohnAmount purchased: 5 @ 2,476.00pValue: £123.80Top Director SellsAlliance Pharma (APH)Director name: Dawson,JohnAmount sold: 3,000,000 @ 45.25pValue: £1,357,499.96Fisher (james) & Sons (FSJ)Director name: Henry,NickAmount sold: 7,989 @ 1,628.00pValue: £130,060.93Globaldata (DATA)Director name: Pyper,SimonAmount sold: 18,000 @ 375.00pValue: £67,500.00Fisher (james) & Sons (FSJ)Director name: Henry,NickAmount sold: 3,940 @ 1,650.00pValue: £65,010.00