LONDON (ShareCast) - Warren Tucker, who was recently appointed as a Non-Executive Director of travel group Thomas Cook, on Thursday acquired a stake in the group the same day it unveiled an impressive set of full-year results.

The purchase of 30,800 shares at 169p each set him back £52,052.

The FTSE 250 travel conglomerate basked in the benefit of Chief Executive Harriet Green's extensive transformation programme, with annual revenues rising, costs trimmed and earnings flying.

Thomas Cook also said it was increasing and accelerating its Wave 1 'cost out and profit improvement initiatives' to £440m and adding a new £440m Wave 2 of further cost reductions.

Green, who was appointed in May 2012, said the first 365 days in the transformation of Thomas Cook had been “a great success”.

Indeed, in the year to September 30th revenue rose 1.3% to £9.3bn despite capacity reductions, costs were trimmed 2% and underlying earnings before interest and tax (EBIT) soared 49% to £263m, £10m above consensus forecasts. Underlying earnings per share leapt from 0.6p to 5p.


Top Director Buys

Thomas Cook Group (TCG)
Director name: Mr Warren Tucker
Amount purchased: 30,800 @ 169.00p
Value: £52,052

Greenko Group (GKO)
Director name: Mr John L Rennocks
Amount purchased: 37,125 @ 139.20p
Value: £51,678

Electra Private Equity (ELTA)
Director name: Mr Roger Yates
Amount purchased: 2,000 @ 2,353.00p
Value: £47,060

NMC Health (NMC)
Director name: Mr Jonathan Bomford
Amount purchased: 10,000 @ 413.45p
Value: £41,345

Devro (DVO)
Director name: Mr Simon Webb
Amount purchased: 14,000 @ 289.60p
Value: £40,544

Hunting (HTG)
Director name: Mr John Hofmeister
Amount purchased: 4,779 @ 848.00p
Value: £40,526

Whitbread (WTB)
Director name: Mr Stephen Williams
Amount purchased: 1,000 @ 3,497.50p
Value: £34,975

Hiscox Ltd (HSX)
Director name: Mr Richard Gillingwater
Amount purchased: 5,000 @ 683.50p
Value: £34,175

Asian Plantation Ltd. (DI) (PALM)
Director name: Mr Dennis Melka
Amount purchased: 14,000 @ 200.00p
Value: £28,000

Biome Technologies (BIOM)
Director name: Mr John Standen
Amount purchased: 11,150 @ 152.00p
Value: £16,948


Top Director Sells

Hansteen Holdings (HSTN)
Director name: Mr Richard Lowes
Amount sold: 600,000 @ 107.51p
Value: £645,060

NR

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE