Director Dealings: Directors keep faith with transformed Mavinwood

DATA management group Mavinwood has undergone a major transformation over the past year.

The company, which provides services including data storage and document scanning, had disposed of three businesses and carried out a financial restructuring which has significantly reduced debts.

Although pre-tax losses rose to 7.8 million last year, the company believes the changes have given the company a platform for growth.

Last week two directors signalled their confidence in the future with share purchases.

Chief executive Charles Skinner and chairman Sir William Wells each bought 3.14 million shares at 0.56p each to take their stakes up to 6.34m each.

• Two directors at plastics specialist Environmental Recycling Technologies have increased their stakes,

Chairman Ken Brooks bought 3.12m shares at 1.38 and now holds 8.3m and finance director David Shepley-Cuthbert bought 2.17m at the same price to increase his stake to 3.7m.

• Robert Clarke, a newly appointed non-executive director at water technology firm Modern Water has bought his first stake in the company.

Clarke bought 50,000 shares at 66.5p each in the company.

• Nick Robertson, chief executive of online fashion retailer ASOS, has reduced his holding following a strong trading update. He sold 1.68m shares at 890p each but retains a stake of 7.7m shares.

• Richard Amos, finance director at wireless equipment business Anite, has bought 85,000 shares at 36.5p each. He now holds 313,000 shares in the firm.

• Sir Roy Gardner, chairman of social housing business Connaught, has upped his stake following a surprise profits warning.

Sir Roy bought 50,000 shares at 111.6p each and now holds 208,808 shares.

• Peter Earl, a non-executive director at South African coal mining group Strategic Natural Resources has sold 4.4m shares at 11p each.

• Chris Goscomb, chief financial officer of construction consultancy Cyril Sweett, has bought 15,000 shares at 31p per share and now holds 150,723 shares.

• Alan Bonner, chief executive of telecoms group Pinnacle, has topped up his already substantial stake in the business.

He bought 2m shares at around 0.32p each and now holds just under 175m shares.