Legal & General vice chairman stocks up

2nd Dec 2011 14:58

Legal & General's vice chairman and senior indepedent director Henry Staunton purchased over £10,000-worth of shares, one month after the firm reported a slight drop in sales. Staunton, who was appointed to the board in 2004, bought 9,708 shares at 105.60p each for a total of £10,252. At the start of November, Legal and General reported a drop in sales in the third quarter although the company preferred to focus on its cash generation, which is said remains strong.Operational cash rose to £736m in the three months to the end of September from £628m in the same period a year ago, while net cash generation was up 15% to £631m from £549m. Top Director BuysBanco Santander SA (BNC) Director name: Mr Francisco Luzon LopezAmount purchased: 9,615 @ 452.22p Value: £43,481Banco Santander SA (BNC) Director name: Mr Francisco Luzon LopezAmount purchased: 9,615 @ 447.91p Value: £43,067Banco Santander SA (BNC) Director name: Mr Francisco Luzon LopezAmount purchased: 9,800 @ 437.24p Value: £42,850IP Group (IPO) Director name: Mr Jonathan BrooksAmount purchased: 60,000 @ 72.00p Value: £43,200Lok'n Store Group (LOK) Director name: Mr Charles PealAmount purchased: 30,000 @ 97.51p Value: £29,253Helius Energy (HEGY) Director name: Mr William Ingram Hill Amount purchased: 250,000 @ 11.50p Value: £28,750XCAP Securities (XCAP) Director name: Mr Daron Ross LeeAmount purchased: 1,140,000 @ 1.75p Value: £19,950Global Petroleum Ltd. (GBP) Director name: Mr Peter HillAmount purchased: 180,000 @ 11.00p Value: £19,800XCAP Securities (XCAP) Director name: Mr Michael Andrew Frame FCAAmount purchased: 857,000 @ 1.75p Value: £14,998Legal & General Group (LGEN) Director name: Mr Henry StauntonAmount purchased: 9,708 @ 105.60p Value: £10,252Top Director SellsJohnson Matthey (JMAT) Director name: Mr W F SandfordAmount sold: 15,094 @ 1,873.69p Value: £282,815Sportingbet (SBT) Director name: Mr Andrew McIverAmount sold: 255,252 @ 31.50p Value: £80,404Volga Gas (VGAS) Director name: Mr Vladimir KoshcheevAmount sold: 50,000 @ 75.50p Value: £37,750NR