Director Dealings

HEALTHCARE-focused IT group Advanced Computer Software last week revealed significant growth since its creation 18 months ago.

The company develops products used in NHS walk-in clinics and for out-of-hours services.

In its first full financial year on Aim the company saw revenues rise by more than 300 per cent and profits by 281 per cent.

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Shares in the company jumped on the results but chief financial officer Barbara Firth appears to believe further growth is to come. She acquired 250,000 shares – her first stake in the business – at 37p each.

• Justin Wheatley, chief executive of analytics business StatPro Group, has bought 50,000 shares at 104p each to take his stake to 7.16 million.

• David Southworth, chairman of Frenkel Topping, which specialises in investing lump sums from personal injury and clinical negligence cases, has upped his family's stake in the business with the purchase of 400,000 shares at 5p each.

He now owns 5.8 million shares in the group.

• Lord Wade, a non-executive director of investment group Midas Capital, has topped up his holding with the purchase of 10,000 shares at 17p each. He now holds 866,386 shares.

• Colin Brumpton, a director of business consultancy Strontium, has bought 75,000 shares at 10p to increase his holding to more than two million shares.

• Mike Akers, chief executive of wheel manufacturer Titan Europe, has bought 200,000 shares following a positive trading update. The purchase, at 33.4p each, takes his stake to 900,000 shares.

• Three directors at marketing group Cello have increased their holdings. Chairman Allan Rich and chief executive Mark Scott both bought 30,000 shares, and finance director Mark Bentley bought 20,000 shares, all at around 32.5p.

• Gordon Chapman, chief executive of oil services firm Wellstream, has sold 150,000 shares at between 496p and 518p, although he keeps a stake of 1.2 million shares.

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• Paul Baines, an executive director at financial broker Collins Stewart, has sold shares ahead of an expected rise in capital gains tax.

He disposed of 937,651 shares at around 70p each to cut his stake to 1.5 million shares.

Baines said he will reinvest in Collins Stewart shares at some point in the future.