Tate & Lyle exec builds stake on behalf of children

Javed Ahmed, an Executive Director of Tate & Lyle, added 20,000 shares to his stake in the group, which he registered in the name of his children. The 639.46p-a-share deal took Ahmed's interest to 1.2m shares. He also transferred a total of 55,356 shares to his two children as a gift on the same day. The £127,892 spend came just a few weeks after the food and sweetener company said it made a solid start to the final quarter, despite weakness in Splenda sucralose pricing, and expected full-year profits for the year ending on March 31st 2014 to broadly match the previous year. "We are pleased with the progress we are making and particularly the underlying strength of our speciality food ingredient (SFI) business. Splenda sucralose aside, in the 2014 financial year we expect to see profit growth in all product categories across SFI," it said in a company statement. Elsewhere, the Group Chief Executive of Flowgroup, Tony Stiff, increased his holding in the energy innovator by 665,462 shares to 2.13m. He bought the shares at 29.88p for a total trade value of £198,840. Fellow board member, John Johnston, a Non-Executive Director, grew his own interest to just under 1.03m shares with the addition of 303,000, for which he paid 29.50p a piece.The purchases were made as AIM-listed Flowgroup published a bullish account of recent developments, including revenues being 'slightly ahead' of forecasts and that commercial launch of its core boiler product will begin in the second half of the year. The Flow micro combined heat and power (microCHP) boiler, which generates electricity as well as heat, is undergoing pilot testing in homes and the group said it expected to finalise the design of the mass production version of the boiler and deliver volume production designs to production partner Jabil this month.The group's energy reselling business continued to exceed expectations, the statement said, with annualised revenues of "no less than £30m" and management now plans to re-open its previously closed tariff to new customers in April. Top Director BuysAnglogold Ashanti Ltd. (AGD) Director name: Mr Richard Duffy Amount purchased: 4,140 @ 1,074.12p Value: £44,469Kennedy Wilson Europe Real Estate (KWE) Director name: Mr William McMorrowAmount purchased: 60,000 @ 1,000.00p Value: £600,000Kennedy Wilson Europe Real Estate (KWE) Director name: Ms Mary RicksAmount purchased: 60,000 @ 1,000.00p Value: £600,000Anglogold Ashanti Ltd. (AGD) Director name: Mr S (Venkat) VenkatakrishnanAmount purchased: 2,572 @ 1,038.72p Value: £26,716Flowgroup (FLOW) Director name: Mr Tony StiffAmount purchased: 665,462 @ 29.88p Value: £198,840Anglogold Ashanti Ltd. (AGD) Director name: Mr Richard Duffy Amount purchased: 885 @ 1,084.85p Value: £9,601Tate & Lyle (TATE) Director name: Mr Javed AhmedAmount purchased: 20,000 @ 639.46p Value: £127,892Moneysupermarket.com Group (MONY) Director name: Mr Robin KleinAmount purchased: 50,000 @ 188.25p Value: £94,125Flowgroup (FLOW) Director name: Mr John Johnston Amount purchased: 303,000 @ 29.50p Value: £89,385Sylvania Platinum Ltd (DI) (SLP) Director name: Mr Terence M McConnachieAmount purchased: 865,000 @ 8.15p Value: £70,498Top Director SellsReed Elsevier (REL) Director name: Mr Erik EngstromAmount sold: 174,895 @ 915.50p Value: £1,601,164Jupiter Fund Management (JUP) Director name: Mr Maarten SlendebroekAmount sold: 151,514 @ 409.89p Value: £621,041SThree (STHR) Director name: Mr Justin HughesAmount sold: 49,062 @ 412.65p Value: £202,454Northern Investors Co (NRI) Director name: Mr John C BarnsleyAmount sold: 22,422 @ 415.00p Value: £93,051NR