Royal Bank of Scotland Director buys 300,000 shares

16th Nov 2011 20:03

Royal Bank of Scotland Director Tony Di Iorio has today bought a total of 300,000 shares in the bank for a total sum of £2,032,560.On November 4th the bank announced that it had made a profit before tax of £2,004m in the third quarter of 2011, compared to a £1,560m loss at the same point in 2010. Nomura said that there were "no negative surprises" and the figures came broadly in line with its forecasts. "The strengthening of the balance sheet has continued. Against the currently volatile operating environment this may prompt some positive relief," the broker said. The operating profit figure, which strips out balance sheet adjustments on the value of debt, was £267m for the quarter, down a whopping 63% on the same period last year. It was also down on analysts' consensus of £343m. The bank's Chief Executive Stephen Hester admitted that the picture is "mixed". Shares of RBS closed down today by 0.6% to 21.1p.Royal Bank of Scotland Group (RBS) Director name: Mr Tony Di IorioAmount purchased: 203,800 @ 677.00p Value: £1,379,726Royal Bank of Scotland Group (RBS) Director name: Mr Tony Di IorioAmount purchased: 72,200 @ 679.00p Value: £490,238Royal Bank of Scotland Group (RBS) Director name: Mr Tony Di IorioAmount purchased: 12,000 @ 678.00p Value: £81,360Royal Bank of Scotland Group (RBS) Director name: Mr Tony Di IorioAmount purchased: 12,000 @ 676.97p Value: £81,236Top Director SellsWood Group (John) (WG.) Director name: Mr Les ThomasAmount sold: 200,000 @ 650.25p Value: £1,300,500Burberry Group (BRBY) Director name: Ms Stacey CartwrightAmount sold: 80,002 @ 1,351.81p Value: £1,081,475Michael Page International (MPI) Director name: Mr Charles-Henri DumonAmount sold: 100,000 @ 365.00p Value: £365,000Michael Page International (MPI) Director name: Mr Charles-Henri DumonAmount sold: 30,000 @ 369.00p Value: £110,700AB