BHP Billiton Baroness stocks up

23rd Feb 2012 14:57

Baroness Shriti Vadera, a Non-Executive Director of BHP Billiton, the FTSE 100 multi-metal mining giant, has dug up 4,000 shares to add to her existing pile of 5,000. Ugandan-born Vadera, who joined the firm in her first UK non-executive role on 2010, bought the shares at 2,079.00p each for a total of £83,160. The former banker spent eight years as a Treasury advisor and was a close pal of former Prime Minister Gordon Brown. In its most recent set of results, unveiled on February 8th, BHP revealed its underlying pre-tax earnings were ahead of expectations while the bottom line number was shy of what the market had been anticipating. The market had been expecting underlying earnings before interest and tax (EBIT) of $15.5bn for the six months to the end of 2011, but BHP topped that with $15.69bn, a 5.8% increase on the $14.83bn achieved the year before. Basic earnings per share eased 1.3% to $186.8m from $189.2m at the interim stage the year before. Top Director BuysBHP Billiton (BLT) Director name: Baroness Shriti VaderaAmount purchased: 4,000 @ 2,079.00p Value: £83,160Jarvis Securities (JIM) Director name: Mr Andrew J GrantAmount purchased: 14,000 @ 168.00p Value: £23,520Top Director SellsNews Corp. 'A' Shares (NCRA) Director name: Mr David DeVoeAmount sold: 62,500 @ $19.60 Value: $1,225,000Fidessa Group (FDSA) Director name: Mr Andy MalpassAmount sold: 3,132 @ 1,739.00p Value: £54,465