News

Black cab maker Manganese Bronze dropped back today as finance director Mark Fryer and chief operating officer Peter Shillcock both sold large lines of stock.

Chief number cruncher Fryer pocketed over £356,000 from the sale of 52,400 shares at 680p, taking his holding down to near 40,000.

Shillcock lowered his remaining stake to just under 19,000 shares after offloading more than 47,000 shares in three tranches between 680p and 710p to bag over £321,000.

Part of the proceeds will be used to satisfy the tax due on share options exercised in November, said the company.

Last month the group said trading in the first quarter was running ahead of the same period last year as it sold more cabs in the UK.

"Looking ahead, taxi sales for the year as a whole will depend on market acceptance of the TX 4 and additional demand generated by the introduction of new emissions regulations in London," it said.

Top Director Buys

National Express (NEX)
Director name: Mr David Ross
Amount purchased: 200,000 @ 1,105.00p
Value: £2,210,000

Circle Oil (COP)
Director name: Mr Thomas Anderson
Amount purchased: 7,400,000 @ 12.75p
Value: £943,500

Pantheon Leisure (PLEI)
Director name: Mr Bill Weston
Amount purchased: 200,000 @ 87.50p
Value: £175,000

Pantheon Leisure (PLEI)
Director name: Mr Geoffrey M Simmonds
Amount purchased: 200,000 @ 87.50p
Value: £175,000

Pantheon Leisure (PLEI)
Director name: Mr Richard Lawrence Owen
Amount purchased: 200,000 @ 87.50p
Value: £175,000

WPP (WPP)
Director name: Mr Mark Read
Amount purchased: 14,406 @ 680.50p
Value: £98,033

British Airways (BAY)
Director name: Mr Chumpol NaLamlieng
Amount purchased: 10,000 @ 520.63p
Value: £52,063

Intermediate Capital Group (ICP)
Director name: Mr John Manser
Amount purchased: 2,000 @ 1,650.00p
Value: £33,000

Evolution Group (EVG)
Director name: Lord MacLaurin of Knebworth
Amount purchased: 20,840 @ 122.70p
Value: £25,571

Patsystems (PTS)
Director name: Mr Steve Sparke
Amount purchased: 150,000 @ 16.80p
Value: £25,200

Top Director Sells

LionOre Mining (LOR)
Director name: Mr Gilbert E Playford
Amount sold: 200,000 @ 577.59p
Value: £1,155,180

LionOre Mining (LOR)
Director name: Mr Donald C Bailey
Amount sold: 210,000 @ 536.83p
Value: £1,127,343

LionOre Mining (LOR)
Director name: Mr Gilbert E Playford
Amount sold: 250,000 @ 453.11p
Value: £1,132,775

Venture Production (VPC)
Director name: Mr John Morgan
Amount sold: 78,896 @ 876.87p
Value: £691,815

Dunelm (DNLM)
Director name: Mr David Stead
Amount sold: 187,543 @ 223.00p
Value: £418,221

Manganese Bronze (MNGS)
Director name: Mr Mark Fryer
Amount sold: 52,400 @ 680.00p
Value: £356,320

First Quantum (FQM)
Director name: Mr R Stewart Angus
Amount sold: 5,000 @ 3,092.83p
Value: £154,642

First Quantum (FQM)
Director name: Mr R Stewart Angus
Amount sold: 4,900 @ 3,114.04p
Value: £152,588

Manganese Bronze (MNGS)
Director name: Mr Peter Shillcock
Amount sold: 34,818 @ 680.00p
Value: £236,762

Venture Production (VPC)
Director name: Mr John Morgan
Amount sold: 21,104 @ 875.28p
Value: £184,719