Director Dealings: Rebuilding under way following setbacks at Eleco

THE construction sector's woes have impacted on specialist building company Eleco.

The company's interests include concrete and timber production along with project management software for the industry.

Last week it revealed that pre-tax losses rose to 5.9 million in the year to the end of June, up from 1.4m last time, and turnover fell by 17.8 per cent to 58m.

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The company said during the second half of the year it had taken "fundamental steps" to restructure its businesses and that its plan is currently on track.

Shares have fallen from highs of more than 40p seen late last year and two directors went into the market last week following the results to increase their stakes.

Chairman John Ketteley bought 30,000 shares at 23p each and now holds just over 7.5 million. Non-executive director Jonathan Cohen bought 26,000 shares and now holds 65,708.

• Ken McCall, a non-executive director at fashion retailer SuperGroup, has bought 5,000 shares in the company at a price of 1,183p. It represents his first stake in the company, which floated earlier this year.

• Four directors at medical staffing company Healthcare Locums have increased their holdings.

Chief financial officer Diane Jarvis bought 5,000 shares, chief operating officer Mo Dedat bought 4,000 shares, chairman Alan Walker bought 5,000 shares and non-executive director Alasdair Liddell bought 4,050. The board members paid between 116p and 119p for the shares in the company, whose market value has fallen by 50 per cent over the past year.

• Kevin Quinn, finance director of textile equipment maintenance group Davis Service, has upped his holding. He bought 7,500 shares at 407p each and now holds 70,049 shares.

John Martin, finance director of plumbing company Wolseley, has bought his first stake with the purchase of 10,121 shares at 1,482p each.

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• One of the founders of self-storage group Big Yellow has reduced his family holdings in the business.

The wife of non-executive director Philip Burks sold 500,000 shares at an average price of 311.8p a share. The couple still own just under 5 per cent of the company.

• Directors at engineering business 600 Group have bought shares at 17.5p each. Chairman Martin Temple bought 10,570, chief executive David Norman bought 50,000 and group finance director Martyn Wakeman bought 35,000 shares.

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