Triple share purchase by Cairn Energy directors

Cairn Energy was a strong performer on Tuesday after the group announced three of its directors had made share purchases. Simon Thomson, the group's Chief Executive, and Dr Mike Watts, Thomson's Deputy, each purchased 65,965 shares at 150.40p for a total of £99,211.36. Managing Director and Chief Financial Officer Jann Brown bought a further 16,490 at the same price, spending around £24,800. The transactions come after the group last week said it had widened its annual losses, reflecting unsuccessful exploration costs and the disposal of assets. The oil and gas explorer posted a loss before tax from continuing operations of $1.1bn in 2013, compared to $194.2m a year earlier. Top Director BuysPearson (PSON) Director name: Mr Glen MorenoAmount purchased: 50,000 @ 1,015.93p Value: £507,965Kofax Limited (DI) (KFX) Director name: Mr Greg LockAmount purchased: 50,000 @ 476.00p Value: £238,000Travis Perkins (TPK) Director name: Mr John P CarterAmount purchased: 9,957 @ 1,810.09p Value: £180,231Personal Assets Trust (PNL) Director name: Mr Robin John AngusAmount purchased: 474 @ 33,540.00p Value: £158,980Resolution Ltd. (RSL) Director name: Mr Andrew BriggsAmount purchased: 47,000 @ 313.84p Value: £147,505Travis Perkins (TPK) Director name: Mr Tony Buffin Amount purchased: 7,694 @ 1,810.09p Value: £139,268Circle Oil (COP) Director name: Mr Stephen Ian JenkinsAmount purchased: 421,177 @ 24.40p Value: £102,767Cairn Energy (CNE) Director name: Mr Simon ThomsonAmount purchased: 65,965 @ 150.40p Value: £99,211Cairn Energy (CNE) Director name: Dr Mike J WattsAmount purchased: 65,965 @ 150.40p Value: £99,211Resolution Ltd. (RSL) Director name: Mr Tim TookeyAmount purchased: 20,000 @ 315.14p Value: £63,028Top Director SellsMorgan Advanced Materials (MGAM) Director name: Mr Mark RobertshawAmount sold: 38,806 @ 346.00p Value: £134,269Quadrise Fuels International (QFI) Director name: Dr Ian DuckelsAmount sold: 150,000 @ 35.17p Value: £52,755NR