Diamond family fund sinks £1m into Barclays

13th Dec 2010 16:30

Bob Diamond's family trust has invested nearly £1m in Barclays shares. The Barclays chief executive elect is a connected person to the Diamond Family Foundation, which has bought 363,179 shares at an average price of 273.97p a share. The total cost was £995,000. Diamond, who takes over as chief executive on 1 April 2011, has a total beneficial interest in just over 9.9m shares in Barclays. Diamond currently runs investment banking business Barclays Capital, which is in the process of making hundreds of employees redundant. Barclays managed to achieve a small increase in nine-month profit, though the investment banking arm made 14% less than it did the quarter before. Profit for the three months to September 2010 rose to £1.27bn from £1.17bn. Impairment charges fell to £1.22bn.Top Director BuysBarclays (BARC) Director name: Mr Bob DiamondAmount purchased: 363,179 @ 273.97p Value: £995,002Bank of America Corp. (BAC) Director name: Mr Donald E. PowellAmount purchased: 5,000 @ $12.79 Value: $63,950Hays (HAS) Director name: Mr Alan M ThomsonAmount purchased: 25,000 @ 120.60p Value: £30,150Top Director SellsMandarin Oriental International (Singapore) (MDO) Director name: Mr Terry L StinsonAmount sold: 180,000 @ $2.00 Value: $360,252Euromoney Institutional Investor (ERM) Director name: Mr Diane AlfanoAmount sold: 10,000 @ 715.00p Value: £71,500Sandvine Corp. (SAND) Director name: Mr Scott HamiltonAmount sold: 31,200 @ 158.20p Value: £49,358Kewill (KWL) Director name: Mr Paul NicholsAmount sold: 27,064 @ 90.00p Value: £24,358Sandvine Corp. (SAND) Director name: Mr Dave CaputoAmount sold: 8,200 @ 167.69p Value: £13,751