New GKN Finance Director opens account

20th Mar 2014 16:00

Adam Walker, the newly appointed Financial Director of aerospace giant GKN, bought himself a round of shares worth 252,980 pounds.The purchase comes just a few weeks after the company posted a jump in annual sales and underlying profits, which helped to offset a decline in the military aerospace market.GKN said a recovery in the North American automotive market and stronger than expected car and van production in China fuelled strong internal growth in its GKN Driveline business, which supplies drive-shafts, gearboxes and other parts. Its sales rose 6% to £180m and its trading profit was 5% up at £246m.However, Europe, where the new car market is generally struggling, was flat due to weak demand particularly in the southern part of the continent. Walker, who bought 65,000 shares at 389.20p a time, replaced William Seeger last month. The purchased shares are his only holding in the company. Top Director BuysBaronsmead VCT (BDV) Director name: Mr Peter LawrenceAmount purchased: 436,635 @ 79.70p Value: £347,998GKN (GKN) Director name: Mr Adam WalkerAmount purchased: 65,000 @ 389.20p Value: £252,980Baronsmead VCT 3 (BMD) Director name: Mr Anthony TownsendAmount purchased: 106,760 @ 112.40p Value: £119,998Baronsmead VCT (BDV) Director name: Mr Godfrey F JillingsAmount purchased: 125,470 @ 79.70p Value: £100,000Just Retirement Group (JRG) Director name: Mr Les Owen Amount purchased: 48,138 @ 155.00p Value: £74,614Moneysupermarket.com Group (MONY) Director name: Mr Bruce Carnegie-BrownAmount purchased: 30,000 @ 178.01p Value: £53,403Lookers (LOOK) Director name: Mr Nigel McMinnAmount purchased: 35,000 @ 147.00p Value: £51,450Baronsmead VCT 2 (BVT) Director name: Mr Clive ParrittAmount purchased: 38,535 @ 103.80p Value: £39,999Baronsmead VCT 3 (BMD) Director name: Mrs Gillian NottAmount purchased: 35,586 @ 112.40p Value: £39,999Baronsmead VCT (BDV) Director name: Mr John MackieAmount purchased: 37,641 @ 79.70p Value: £30,000Top Director SellsWood Group (John) (WG.) Director name: Mr Alan G SempleAmount sold: 26,500 @ 726.60p Value: £192,549Wood Group (John) (WG.) Director name: Mr Mike StraughenAmount sold: 19,018 @ 722.60p Value: £137,424Grainger (GRI) Director name: Mr Nick Jopling Amount sold: 8,000 @ 238.16p Value: £19,053NR