LONDON (ShareCast) - National Express announced a £450m Spanish acquisition and gave an update on current trading today, while chairman David Ross raised his stake in the bus and train operator.
Ross spent £2.5m shares to buy 200,000 shares at £12.50 each, taking his holding to 2.7m shares, which represents 1.77% of the group.
Earlier, the group announced the acquisition Continental Auto, which runs a fleet of 860 buses and coaches, for £450m and said it had made a strong start to the year and was trading in line with expectations.
Top Director Buys
National Express (NEX)
Director name: Mr David Ross
Amount purchased: 200,000 @ 1,250.00p
Value: £2,500,000
SR Europe Investment Trust (SR.)
Director name: Mr H Sloane
Amount purchased: 130,000 @ 238.00p
Value: £309,400
Bank Of America (BAC)
Director name: Mr Thomas J May
Amount purchased: 5,270 @ $51.23
Value: $269,982
Bank Of America (BAC)
Director name: Mr Thomas M Ryan
Amount purchased: 5,075 @ $51.23
Value: $259,992
Bank Of America (BAC)
Director name: Mr Jackie M Ward
Amount purchased: 5,075 @ $51.23
Value: $259,992
Bank Of America (BAC)
Director name: Mr W Steven Jones
Amount purchased: 4,685 @ $51.23
Value: $240,013
Bank Of America (BAC)
Director name: Mr Charles K Gifford
Amount purchased: 4,685 @ $51.23
Value: $240,013
Bank Of America (BAC)
Director name: Mr Meredith R Spangler
Amount purchased: 4,685 @ $51.23
Value: $240,013
Bank Of America (BAC)
Director name: Mr Gary L Countryman
Amount purchased: 4,685 @ $51.23
Value: $240,013
Bank Of America (BAC)
Director name: Mr Robert L Tillman
Amount purchased: 3,123 @ $51.23
Value: $159,991
Top Director Sells
Severfield-Rowen (SFR)
Director name: Mr Peter Davison
Amount sold: 19,000 @ 2,100.00p
Value: £399,000
Severfield-Rowen (SFR)
Director name: Mr Peter Levine
Amount sold: 15,000 @ 2,100.00p
Value: £315,000
Bond International Software (BDI)
Director name: Mr Martin Baldwin
Amount sold: 115,000 @ 209.00p
Value: £240,350
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