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New Lloyds non-exec David Roberts spends £200,000
Thu, 09 Feb, 2012
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New Lloyds non-exec David Roberts spends £200,000
Wed, 3 Mar 2010, 15:51:00
David Roberts, recently appointed as a non-executive director at the bank, has wasted no time in signalling his faith in his new employers, buying nearly £200,000 of shares. Roberts bought 378,670 shares at 52.55p a time. Roberts' appointment was announced on 11 February, following an interview with a Financial Standards Authority (FSA) panel. He still has to stand for election at the company's AGM later this year. Roberts was an executive director, group executive committee member and chief executive of the international retail and commercial banking at Barclays until December 2006. His purchase of shares in Lloyds comes soon after it joined Barclays and Royal Bank of Scotland in reporting better than expected full-year figures. The part-nationalised lender reported a pre-tax loss of £6.3bn in the year ended 31 December compared with £6.71bn last time. Total income rose to £23.96bn from £21.36bn last time. Investment analysts were expecting Lloyds to announce a pre-tax loss of £7.4bn on revenue of £22.6bn. '2009 was a year of significant achievement in shaping the group,' said chief executive Eric Daniels. 'We have established positive trends in margin, cost and impairments and are well positioned. We are building strong earnings momentum and expect our performance to improve significantly in 2010 and beyond.' <b>Top Director Buys</b> Lloyds Banking Group (LLOY) Director name: Mr David Roberts Amount purchased: 378,670 @ 52.55p Value: £198,991 <b>Top Director Sells</b> SABMiller (SAB) Director name: Mr Graham Mackay Amount sold: 144,306 @ 1,802.22p Value: £2,600,712 Sainsbury (J) (SBRY) Director name: Mr Michael Andrew Coupe Amount sold: 160,000 @ 337.75p Value: £540,400 Rolls-Royce Group (RR.) Director name: Sir Sir John E V Rose Amount sold: 83,719 @ 558.00p Value: £467,152 Amlin (AML) Director name: Mr Charles E L Philipps Amount sold: 95,506 @ 407.01p Value: £388,719 Rolls-Royce Group (RR.) Director name: Mr Andrew B Shilston Amount sold: 38,816 @ 558.00p Value: £216,593 Rolls-Royce Group (RR.) Director name: Mr Mike Terrett Amount sold: 29,405 @ 558.00p Value: £164,080 Rolls-Royce Group (RR.) Director name: Mr Colin P Smith Amount sold: 28,541 @ 558.00p Value: £159,259 Rolls-Royce Group (RR.) Director name: Sir Sir John E V Rose Amount sold: 15,318 @ 558.00p Value: £85,474 Rolls-Royce Group (RR.) Director name: Mr Andrew B Shilston Amount sold: 8,948 @ 558.00p Value: £49,930 Rolls-Royce Group (RR.) Director name: Mr Mike Terrett Amount sold: 6,559 @ 558.00p Value: £36,599
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