News

Tony Bramall, a non-executive director at the car dealer Lookers, has added to his already-large stake in the company with the purchase of more than £230,000 worth of shares.

He bought just over 662,000 shares in the company at 35p a time, meaning his family now has more than 40m shares, or about 21.6% of Lookers.

Bramall has been steadily lifting his stake in Lookers over recent months.

He bought just less than 400,000 shares on 8 October at 33.5p a time.

Shares in Lookers, which has hundreds of branches across the UK, have slumped heavily since Bramall's last buying spree in June when he bought more than 1m shares, paying between 68p and 70p a time.

In July, the company said it was being hit by an industry-wide decline in car sales.

Bramall, who made £76m when he sold his car dealer CD Bramall to rival Pendragon in 2004, joined Lookers in 2006.
Top Director Buys

Lookers (LOOK)
Director name: Mr D C A Bramall
Amount purchased: 662,623 @ 35.00p
Value: £231,918

MirLand Development Corporation (MLD)
Director name: Mr Eyal Fishman
Amount purchased: 100,000 @ 89.00p
Value: £89,000

North Atlantic Smaller Trust (NAS)
Director name: Mr Oliver R Grace Jr
Amount purchased: 10,000 @ 707.00p
Value: £70,700

Metnor Group (MTG)
Director name: Mr Stephen Rankin
Amount purchased: 50,000 @ 112.00p
Value: £56,000

OPD Group (OPD)
Director name: Mr Peter Hearn
Amount purchased: 50,000 @ 98.00p
Value: £49,000

Rexam (REX)
Director name: Mr Peter B Ellwood
Amount purchased: 10,000 @ 298.60p
Value: £29,860

Sefton Resources (SER)
Director name: Mr J James (Jim) Ellerton
Amount purchased: 742,908 @ 4.00p
Value: £29,716

Genus (GNS)
Director name: Professor Barry Furr
Amount purchased: 3,000 @ 680.00p
Value: £20,400

Eurasia Mining (EUA)
Director name: Mr Christian Schaffalitzky
Amount purchased: 1,939,643 @ 1.00p
Value: £19,396

Metnor Group (MTG)
Director name: Mr Stephen Rankin
Amount purchased: 14,000 @ 112.00p
Value: £15,680