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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Directors deals: BP non-exec picks up some shares

(Sharecast News) - Oil major BP disclosed that one of its non-executive directors had bought a large amount of shares on 30 September.

Amanda Blanc purchased 23,500 shares for 438.92p each, for a total transaction value of £103,145.94, the company said in a statement.

On 2 August, the oil major had posted an underlying cost replacement profit - its preferred measure of profit - of $8.45bn for the second quarter, up from $6.25bn in the first and $2.8bn in the second quarter a year earlier. This was well ahead of analysts' expectations of $6.8bn.

Its sector had been one of the top performers year-to-date and some market observers were cautioning that a failure to tweak a planned price cap on Russian oil exports by the European Union might result in a spike in the price of oil.

Yet just four days before, on 26 September, analysts at JP Morgan had downgraded their recommendation for the shares from 'overweight to 'neutral' and lowered their target price from 530.0p to 520.0p.

Top Director Buys

Bp (BP.) Director name: Blanc,Amanda Amount purchased: 23,500 @ 438.92p Value: £103,145.94

Aviva (AV.) Director name: Blanc,Amanda Amount purchased: 25,704 @ 389.39p Value: £100,089.99

Grafton Group Ut (cdi) (GFTU) Director name: Roney,Michael J Amount purchased: 12,000 @ 624.70p Value: £74,964.00

Sirius Real Estate Ltd. (SRE) Director name: Kitchen,Daniel (Danny) John Amount purchased: 75,000 @ 67.00p Value: £50,250.00

Trufin (TRU) Director name: Dentskevich,Paul Amount purchased: 45,000 @ 65.50p Value: £29,475.00

Lindsell Train Inv Trust (LTI) Director name: Cazalet,Charles Julian Amount purchased: 25 @ 97,000.00p Value: £24,250.00

Jersey Electricity 'a' Shares (JEL) Director name: Taylor,Tony Amount purchased: 4,000 @ 528.00p Value: £21,120.00

Convatec Group (CTEC) Director name: Coussios,Constantin Amount purchased: 9,861 @ 204.89p Value: £20,204.40

Mortgage Advice Bureau (holdings) (MAB1) Director name: Jones,Mike Amount purchased: 3,000 @ 666.96p Value: £20,008.80

Edinburgh Worldwide Inv Trust (EWI) Director name: James,Helen Amount purchased: 11,872 @ 168.00p Value: £19,944.96

Thg (THG) Director name: Moulding,Matthew Amount purchased: 4,900,000 @ 0.39p Value: £19,110.00

Southern Energy Corp. Npv (di) (SOUC) Director name: Beynon,Bruce Michael Amount purchased: 40,000 @ $0.74 Value: $17,393.37

Gresham House Energy Storage Fund (GRID) Director name: Pitt,Cathy Amount purchased: 6,243 @ 167.00p Value: £10,425.81

Jersey Electricity 'a' Shares (JEL) Director name: Austin,Philip Amount purchased: 2,000 @ 520.00p Value: £10,400.00

Mortgage Advice Bureau (holdings) (MAB1) Director name: Ker,Katherine Innes Amount purchased: 735 @ 650.00p Value: £4,777.50

Johnson Matthey (JMAT) Director name: Mottershead,Chris Amount purchased: 166 @ 1,789.36p Value: £2,970.34

Mortgage Advice Bureau (holdings) (MAB1) Director name: Imlach,Nathan James McLean Amount purchased: 263 @ 635.00p Value: £1,670.05

Supermarket Income Reit (SUPR) Director name: Davies,Frances Amount purchased: 24,774 @ 1.01p Value: £250.00

Great Portland Estates (GPE) Director name: Nicholson,Dan Amount purchased: 35 @ 430.86p Value: £150.80

Great Portland Estates (GPE) Director name: Sanderson,Nick Amount purchased: 35 @ 430.86p Value: £150.80

Great Portland Estates (GPE) Director name: Courtauld,Toby Amount purchased: 35 @ 430.86p Value: £150.80

Top Director Sells

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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