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Pressure Technologies director raises his stake

Mon, 22nd Jul 2013 16:38

It looks like Nigel Luckett, a Non-Executive Director at Pressure Technologies, chose an expensive time to top up his stake as the stock hit a 52-week high on Monday.Luckett, a former partner of KPMG, bought 18,000 shares at a price of 217.5p each, spending a total of £39,150. He now holds 70,000 shares in Pressure Technologies, equal to a stake of 0.62%.The firm, which specialises in technology for the containment and control of liquids and gases in pressure systems, saw its share price reach a 52-week closing high of 217.5p last week. Following the purchase on Monday, the shares jumped again to a fresh high of 235p.Last month, Pressure Technologies announced that revenues in the first half (ended March 30th) totalled £16.4m, up 30% from the year before, while pre-tax profit more than doubled from £0.46m to £1.33m.Chairman Alan Wilson said: "The interim results show the benefits of the board's diversification strategy and these, combined with on-going opportunities, give us considerable optimism for the future."Top Director BuysPressure Technologies (PRES) Director name: Mr Nigel LuckettAmount purchased: 18,000 @ 217.50p Value: £39,150IDOX (IDOX) Director name: Mr Martin BrooksAmount purchased: 68,500 @ 36.40p Value: £24,934Frontier Mining Ltd (DI) (FML) Director name: Mr Yerlan Zhenisovitch AliyevAmount purchased: 752,000 @ 1.75p Value: £13,160Top Director SellsSignet Jewelers Ltd. (SIG) Director name: Mr Ronald ("Ron") RistauAmount sold: 3,760 @ 4,674.97p Value: £175,779Signet Jewelers Ltd. (SIG) Director name: Mr Thomas PlaskettAmount sold: 1,500 @ 4,640.96p Value: £69,614
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9 Sep 2009 14:22

London afternoon: Market in holiday mood

Footsie made an assault on the 5,000 level over the lunchtime session but fell short, as investors took note of expectations of a flat start on Wall Street. With mergers and acquisition activity back on the agenda British Airways is in demand on hopes of a swift conclusion to its team-up with Spani

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9 Sep 2009 13:09

Low diamond price helps Signet sparkle

Lower diamond prices and cost-cutting measures to fight off the downturn helped jewellery retailer Signet post a rise in profits in the quarter to August 1. The firm, which operates Ernest Jones and H Samuel in the UK and Kay and Jared in the US, posted a pre-tax profit of $38.5m, compared with $30

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8 Sep 2009 13:56

London afternoon: Holiday stocks take flight

After opening brightly London's leading shares have been treading water since the middle of the morning. Kazakhmys, Antofagasta, Rio Tinto, Xstrata and Vedanta Resources lead the mining sector higher, as metal prices improve. Gold miner Randgold Resources is wanted after the price of gold bullio

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8 Sep 2009 11:56

London midday: Gold shines to push Footsie higher

Gold pushing through the $1,000 per ounce mark has helped Footsie post decent gains in the morning session with miners generally in demand again. Kazakhmys, Antofagasta, Rio Tinto, Anglo American, Xstrata, Randgold Resources and Vedanta Resources lead the mining sector higher. It is third time that

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8 Sep 2009 08:40

London open: Footsie still on the rise

London's blue chips are on the rise again this morning ahead of Wall Street's return following Monday's public holiday. Kingfisher is going well after it mistakenly circulated some draft figures on Monday afternoon. That has foreced the DIY retailer to admit this morning that adjusted pre-tax profi

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20 Aug 2009 14:31

FTSE 250 movers: SIG climbs despite profit fall

SIG is one of the top risers even after the building products group posted a sharp fall in profits as weakness in the construction market persisted into the first half of 2009. On the positive side, the firm said the new build housing segment had shown some modest signs of stabilising. Wellstream,

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10 Jul 2009 07:25

Weak construction market hits SIG

Building products supplier SIG saw a 10% fall in sales in the half year to June 30 as it continued to feel the impact of the depressed construction market. In the second half of June sales were stable 'without exhibiting the level of seasonal pickup in activity which typically manifests itself from

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23 Jun 2009 15:36

Ryanair chairman offloads shares

Ryanair's chairman David Bonderman has sold more than €1m worth of shares in the company. He offloaded 300,000 shares at €3.35 a time. Ryanair said that this amounts to about 0.02% of the company and that Bonderman now has about 0.93%. News of the share sale comes on the same day Ryanair said it

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