Rolls-Royce director increases shareholdings

2nd Aug 2012 16:39

Lewis Booth, a non-Executive Director of Rolls-Royce, has purchased 7,500 shares of the firm´s stock just one week after the company saw underlying earnings come in ahead of forecasts for the first half.Booth, who was appointed to his role in May last year, bought the shares at 875.50p each for a total of £65,662. He now holds 12,500 shares in Rolls Royce. Underlying profit before tax rose by 7.0% from £595m to £637m,in the six months to June 30th, reflecting revenue growth, revenue mix, unit cost reduction and the contribution of Tognum. Analysts at Jefferies were expecting a figure closer to £608m. Underlying revenue increased by 5.0% from £5.46bn to £5.76bn, helped by 5.0% growth in underlying OE revenue (£2.72bn) and 6.0% growth in underlying services revenue (£3.04bn). The share price has risen 33% in the past year, but was down 2.31% to 844p on the day the purchase was announced.Top Director BuysTVC Holdings (TVCH) Director name: Mr Shane ReihillAmount purchased: 1,350,000 @ 60.20p Value: £812,700F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 100,000 @ 87.00p Value: £87,000Rolls-Royce Holdings (RR.) Director name: Mr Lewis Booth Amount purchased: 7,500 @ 875.50p Value: £65,662StatPro Group (SOG) Director name: Mr Justin WheatleyAmount purchased: 27,000 @ 91.50p Value: £24,705CML Microsystems (CML) Director name: Mr Ronald J ShashouaAmount purchased: 5,230 @ 304.00p Value: £15,899CML Microsystems (CML) Director name: Mr Ronald J ShashouaAmount purchased: 5,000 @ 290.00p Value: £14,500Top Director SellsCML Microsystems (CML) Director name: Mr Nigel G ClarkAmount sold: 58,140 @ 300.00p Value: £174,420Rathbone Brothers (RAT) Director name: Mr Richard LoaderAmount sold: 5,000 @ 1,290.00p Value: £64,500Imperial Tobacco Group (IMT) Director name: Mr Robert DyrbusAmount sold: 437 @ 2,491.96p Value: £10,890NR