Deputy Chairman at Weir Group buys first stake

13th May 2013 16:27

Weir Group's new Deputy Chairman, Charles Berry, has begun building his stake in the company just two weeks into his new role. Berry, who joined the company at the beginning of the month, purchased 2,000 shares at 2,384.93p each for a total of £47,699. On the same day Berry took up the role, the group said first quarter revenues and profits were down, with input falling 14% against the prior year's comparator, but 14% higher than the preceding quarter. Weir said it saw "good underlying sequential growth" in its minerals and oil & gas divisions and that, overall, trading was in line with expectations and guidance for the full year remained unchanged. Original equipment orders were down 32% on a reported basis while after-market orders were up 2.0% but 1.0% lower like-for-like. Top Director BuysCapital & Counties Properties (CAPC) Director name: Mr Ian DurantAmount purchased: 158,564 @ 327.78p Value: £519,741Capital & Counties Properties (CAPC) Director name: Mr Ian DurantAmount purchased: 119,838 @ 328.22p Value: £393,332Powerflute Oyj (DI) (POWR) Director name: Mr Marco CasiraghiAmount purchased: 650,000 @ 23.25p Value: £151,125Kofax (KFX) Director name: Mr Greg LockAmount purchased: 40,000 @ 321.00p Value: £128,400Weir Group (WEIR) Director name: Mr Charles BerryAmount purchased: 2,000 @ 2,384.93p Value: £47,699Global Petroleum Ltd. (GBP) Director name: Mr Peter TaylorAmount purchased: 163,762 @ 7.00p Value: £11,463Top Director SellsHome Retail Group (HOME) Director name: Mr Terry DuddyAmount sold: 107,750 @ 145.93p Value: £157,240Harvey Nash Group (HVN) Director name: Mr Thomas CrawfordAmount sold: 200,000 @ 68.23p Value: £136,460Filtrona PLC (FLTR) Director name: Mr Matthew GregoryAmount sold: 14,527 @ 745.00p Value: £108,226Home Retail Group (HOME) Director name: Mr Richard AshtonAmount sold: 55,190 @ 145.93p Value: £80,539NR