Member Info for jange

TUI Travel (TT.) Director name: Dr Volker Bottcher Amount sold: 101,819 @ 278.10p Value: £283,159

Next Fifteen Communications (NFC) Director name: Mr Tim Dyson Amount sold: 781,004 @ 100.00p Value: £781,004

Top Director Sells TUI Travel (TT.) Director name: Mr Peter James Long Amount sold: 748,729 @ 277.21p Value: £2,075,552

Songbird Estates (SBD) Director name: Mr Alexander Heini Philip Midgen Amount purchased: 9,479 @ 113.05p Value: £10,716

Macau Property Opportunities Fund Ltd. (MPO) Director name: Mr Christopher Russell Amount purchased: 11,911 @ 112.00p Value: £13,340

Caterpillar Inc. (CTA) Director name: Mr Eugene V Fife Amount purchased: 160 @ € 65.96 Value: € 10,553

Fidelity Special Values (FSV) Director name: Mr Andrew Irvine Amount purchased: 5,000 @ 568.00p Value: £28,400

Songbird Estates (SBD) Director name: Mr Alexander Heini Philip Midgen Amount purchased: 31,494 @ 113.39p Value: £35,711

Top Director Buys F&C Asset Management (FCAM) Director name: Mr Edward Bramson Amount purchased: 75,000 @ 99.24p Value: £74,430

Directors at FTSE 250 package tour operator TUI Travel have made the most of the recent rise in the company's share price to sell off shares in the group. Peter Long, TUI's Chief Executive Officer, sold 748,729 shares, Johan Lundgren, Deputy Chief Executive, sold 350,000 shares, and William Waggott, the Chief Financial Officer, sold 120,000. All of the shares were traded in at 277.21p each. Long has retained an interest in 10.43m shares and earned just under £2.1m from the transaction. The shares were sold on Tuesday, the same day the company revealed that its winter 2012/13 season has got off to a "very encouraging" start. The company reported revenue of £14.46bn in the year to September 30th, down 2.0% from £14.69bn the year before, as organic growth of 2.0% was offset by a foreign currency translation impact of -4.0%. Pre-tax profit rose 8.0% from £360m to £390m, helped by record Mainstream underlying operating profits (on a constant currency basis) in all markets with the exception of France and Southern Europe. Growth was also supplemented by £42m cost savings through the business improvement programme. However, TUI's French operation reported an underlying operating loss of £47m, compared with a loss of £53m last year. The company reduced capacity by 34% in the region, with sizeable reductions in loss-making capacity to Egypt and a number of long-haul destinations.

WPP Group: Nomura raises target price from 980p to 1030p and keeps its buy recommendation.

Wolseley: Barclays raises target price from 2850p to 3150p, while keeping an overweight rating. Credit Suisse raises target price from 3000p to 3200; outperform rating unchanged. JP Morgan raises target price from 3030p to 3150p and reiterates an overweight rating.

UBM: Nomura raises target price from 800p to 900p, while reiterating a buy rating.

TUI Travel: Exane BNP raises target price from 260p to 300p, while maintaining a neutral rating. HB Markes upgrades to buy.

Sportingbet: Panmure Gordon reduces target price from 61p to 56p maintaining a hold rating.

Serco Group: Westhouse Securities upgrades to add, while keeping the target price at 630p.

Sage Group: Merchant Securities moves target price from 280p to 290p keeping a hold recommendation. Panmure Gordon raises target price from 288p to 297p and reiterates a sell recommendation.

Reed Elsevier: Nomura raises target price from 700p to 750p and keeps its buy recommendation.

Publishing Technology: Westhouse Securities raises target price from 120p to 150p and maintains a buy recommendation.

Pearson: Nomura moves target price from 1250p to 1270p; reduce rating unchanged.