LONDON (ShareCast) - The chairman of FTSE 250-listed Tate & Lyle, Peter Gershon, added £63,800-worth of shares in the sugar and sweeteners group.

Gershon, who is also the chairman of National Grid, paid 638p for each of the 10,000 shares, taking his holding to 92,080 shares.

The purchase comes about a week after the company admitted its operating profit for the first quarter had come in below expectations as the group continued to suffer the effects of the severe US winter, the temporary closure of its Splenda Sucralose facility in Singapore and the strength of sterling.

On a constant currency basis, the year as a whole is still expected to be in line with previous expectations, although the performance of its Speciality Food Ingredients division is predicted to be slightly lower than previously anticipated following its first quarter performance.

The group said the division had been affected more than had been expected by the lower inventory levels caused by the prolonged and severe US winter.

Top Director Buys

Tate & Lyle (TATE)
Director name: Sir Peter Gershon
Amount purchased: 10,000 @ 638.00p
Value: £63,800

Royal Mail (RMG)
Director name: Mr Paul Murray
Amount purchased: 12,304 @ 421.52p
Value: £51,864

Informa (INF)
Director name: Mr Geoff Cooper
Amount purchased: 10,252 @ 487.69p
Value: £49,998

Securities Trust of Scotland (STS)
Director name: Mr Angus Gordon Lennox
Amount purchased: 20,000 @ 143.75p
Value: £28,750


Top Director Sells

KCOM Group (KCOM)
Director name: Mr Paul Simpson
Amount sold: 419,507 @ 95.12p
Value: £399,035

Trinity Mirror (TNI)
Director name: Mr Vijay Vaghela
Amount sold: 123,432 @ 199.00p
Value: £245,630

Bullabulling Gold Limited (DI) (BGL)
Director name: Mr Brett Lambert
Amount sold: 2,859,756 @ 4.73p
Value: £135,266

Mulberry Group (MUL)
Director name: Mr Roger T Mather
Amount sold: 30,000 @ 735.00p
Value: £220,500

Trinity Mirror (TNI)
Director name: Mr Paul Vickers
Amount sold: 80,733 @ 199.00p
Value: £160,659

Trinity Mirror (TNI)
Director name: Mr Vijay Vaghela
Amount sold: 80,231 @ 199.00p
Value: £159,660

Trinity Mirror (TNI)
Director name: Mr Paul Vickers
Amount sold: 69,969 @ 199.00p
Value: £139,238

Bullabulling Gold Limited (DI) (BGL)
Director name: Mr Peter John Mansell
Amount sold: 1,073,043 @ 4.74p
Value: £50,862

Bullabulling Gold Limited (DI) (BGL)
Director name: Mr Ronald Hugh Beevor
Amount sold: 581,231 @ 4.74p
Value: £27,550

Jarvis Securities (JIM)
Director name: Mr Jolyon Christopher Head
Amount sold: 5,000 @ 525.00p
Value: £26,250

NR

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