Drawn Attention21 Jul 2009 15:48
Shares in Jarvis rise 9 percent after the rail engineer's chief operating officer and soon to be chief executive, Stuart Laird, buys 200,000 shares in the group on Monday.
Laird is due to take over from current chief executive Richard Entwistle after the company's annual general meeting in September.
'The rise seems to have something to do with the incoming CEO buying up a large number of shares and it shows his confidence in what he feels he can do with the company. The market Jarvis serves is massive but it has never really got it right but if it can the opportunity is huge,' says a trader at KBC Peel Hunt.