Director Dealings

COMMUNICATIONS technology group MTI Wireless Edge recently reported a strong start to its financial year with revenues up by almost a third and a swing back into profit.

The Israel-based company, which specialises in flat-panel antennas used by customers including security companies and the military, said all of its markets had shown signs of improvement.

A focus on improving margins and efforts to keep close control of expenses were reflected in a reduction in both R&D and marketing costs compared with the previous quarter.

Sales revenue rose by 31 per cent to 2.25m from 1.7m in the first quarter of 2010, with pre-tax profits before tax of 397,000 against a 2010 first-quarter loss of 335,000.

"Given the improving market outlook and the company's strong order book, the board remains optimistic about the company's prospects for further growth," said the company.

Last week, non-executive chairman Zvi Borovitz made his first purchase of shares. He bought 882,000 shares at 11p per share.

• Amjad Bseisu, chief executive of oil and gas group EnQuest, has bought 921,598 shares at 131.95p each through a trust. The Bseisu family is now interested in more than 50 million shares in the company.

• Reynolds Bish, chief executive of scanning software business Kofax, has increased his holding. He purchased 10,000 shares at 467.3p each and now holds 36,150 shares in the US-headquartered company.

• Colin Day, a non-executive director at engineering and construction group Amec, has doubled his holding. He bought 10,000 shares at 1,140p each.

• The chairman and chief executive of mining group Petropavlovsk have upped their holdings. Chairman Peter Hambro and chief executive Pavel Maslovskiy each bought 105,000 shares at 743p a share.