LONDON (ShareCast) - IT services group Morse’s new chairman Kevin Loosemore bought 400,000 shares in the company today, paying a total of £212,000 or 53p a share.
The purchase gives Loosemore a 0.31% stake in the company.
Morse, which helps businesses set up and operate IT and telecommunications systems, announced Loosemore’s appointment on Wednesday as it released its interim results.
The company said a £4m reduction in distribution costs helped it to lift pre-tax profit for the half year to £6.4m from £3.7m before, even as revenue fell to £123.8m from £131.6m.
Loosemore, who replaced Richard Lapthorne at Morse, is also chairman of software company Micro Focus.
Top Director Buys
Morse (MOR)
Director name: Mr Kevin Loosemore
Amount purchased: 400,000 @ 53.00p
Value: £212,000
Braemar Group (BRG)
Director name: Mr Marc Duschenes
Amount purchased: 6,080,000 @ 1.64p
Value: £99,712
BP (BP.)
Director name: Mr George David
Amount purchased: 9,000 @ 567.00p
Value: £51,030
Murray International Trust (MYI)
Director name: Mr David Holford Benson
Amount purchased: 4,250 @ 713.30p
Value: £30,315
Hargreaves Services (HSP)
Director name: Mr Iain Duncan Cockburn
Amount purchased: 4,440 @ 560.00p
Value: £24,864
Warner Estate Holdings (WNER)
Director name: Mr Julian Avery
Amount purchased: 6,000 @ 315.00p
Value: £18,900
Southern Cross Healthcare Group (SCHE)
Director name: Mr Nancy Hollendoner
Amount purchased: 2,500 @ 404.50p
Value: £10,112
Top Director Sells
Impala Platinum (IPLA)
Director name: Mr D H Brown
Amount sold: 2,720 @ R307.00
Value: R835,040
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