THE company behind Pizza Express has so far delivered on its promises to investors since coming to the market.
Maiden results from Gondola, which also operates the ASK and Zizzi brands, confirmed the growth expected at the time of its flotation last November and said that the momentum has continued into the second half of the year. It aims to open 20 to 25 new restaurants during the next financial year.
The shares have ticked up from their starting price of 320p, but the chairman and chief financial officer both invested heavily last week to up their holdings.
Chairman David Ross spent 516,000 to increase his stake to 945,000 shares; chief financial officer Chris Heath doubled his stake, spending 103,500.
• Tony Froggatt, chief executive of drinks group Scottish & Newcastle, has bought 10,000 shares at 4.87 to take his stake up to 46,761 shares.
• Philip Dayer, a non-executive director of Aberdeen-based Dana Petroleum, has made his first purchase of shares since joining the board. He bought 2,000 shares at 10.46p each.
• Four directors at contract catering group Compass have bought shares following results ahead of forecasts.
Executive director Richard Cousins and senior non-executive Roy Gardner each bought 100,000 shares at 241p. Group finance director Andrew Martin bought 80,000, and Ian El-Mokadem, chief executive for UK and Ireland, bought 50,000.
• Robert MacKay Buchan, a director at financial group Quest Capital has sold two-fifths of his holding. He banked 3.1m after selling two million shares at 158.54p.
• Gary McGann, a non-executive director at Anglo Irish Bank, has spent nearly €500,000 buying 38,000 shares at €12.90 each, to increase his stake to 139,000 shares. Results this month saw profits increase 35% in the first half of the year.
• The chairman of Trading Emissions, the green energy group, has increased his holding by 50%. Neil Eckert bought 250,000 shares at 129.5p to take his holding to 750,000.