Fiberweb number cruncher builds stake

Director and chief financial officer of Fiberweb Daniel Abrams has put his hand in his pocket and bought 70,000 shares in the fabrics producer.Abrams paid £49,560 for the stake at 70.8p a share on the same day that the firm concluded negotiations with Brazilian spunbound fabrics producer Fitesa over the creation of a joint venture company.Friday's purchase takes Abrams' stake to 316,000 and comes as Fiberweb shares notch up a new 12-month closing high of 69.25p each.Earlier, Fiberweb said the new JV company, owned 50/50 by Petropar and Fiberweb, will be called FitesaFiberweb.It will focus on markets for lightweight non-woven fabrics, serving producers of disposable hygiene products such as baby and adult nappies and feminine care products Top Director BuysDebenhams (DEB) Director name: Mr Rob TemplemanAmount purchased: 2,500,000 @ 80.00p Value: £2,000,000BG Group (BG.) Director name: Mr Jurgen DormannAmount purchased: 15,000 @ 994.00p Value: £149,100Debenhams (DEB) Director name: Mr Paul PinderAmount purchased: 65,477 @ 80.00p Value: £52,382Fiberweb (FWEB) Director name: Mr Daniel AbramsAmount purchased: 70,000 @ 70.80p Value: £49,560Brit Insurance Holding (BRE) Director name: Mr Joseph Patrick MacHaleAmount purchased: 26,667 @ 183.30p Value: £48,881Progressive Digital Media Group (PRO) Director name: Mr Peter HarknessAmount purchased: 150,000 @ 12.50p Value: £18,750PGI Group (PGI) Director name: Mr Spencer N RoditiAmount purchased: 191,882 @ 8.50p Value: £16,310Debenhams (DEB) Director name: Mr Dennis H MillardAmount purchased: 14,961 @ 80.00p Value: £11,969Huntsworth (HNT) Director name: Mr Eugene P. BeardAmount purchased: 19,640 @ 54.70p Value: £10,743Top Director SellsBG Group (BG.) Director name: Mr Jurgen DormannAmount sold: 15,000 @ 990.00p Value: £148,500