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North America boss offloads Pearson shares

Wed, 02nd Mar 2011 17:47

Will Ethridge, chief executive of Financial Times publisher Pearson's North American education division, has sold a big chunk of shares in the company.He disposed of 33,000 American Depositary Receipts (ADRs) for $16.83 (£1,033p) a time or a total of nearly £350,000.News of the share sale comes after the day after it emerged that Pearson has frozen Libya's stake in the company, which is bigger than first thought.Pearson said in June that the Libyan Investment Authority (LIA) had acquired 24,431,000 shares in the company. Chief executive Marjorie Scardino said she was "uncomfortable" about 3% of the company being owned by the Libyans.However, Pearson revealed that it "has reasonable cause to believe that the LIA may have acquired an additional 2,141,179 shares resulting in a total interest in 26,572,179 shares." This means the LIA has a 3.27% stake in the company.Earlier in the week Pearson revealed that it had made an adjusted operating profit of £857m in 2010, up 15% on the year before, as the education business grew 13% to £691m, Penguin added 10% to £106m and the FT Group rose 54% to £60m.Ethridge joined Pearson in 1988 after the acquisition of the publisher Simon & Schuster.Top Director BuysGeneral Electric Co (GEC) Director name: Mr Jeffrey R ImmeltAmount purchased: 40,000 @ € 15.31 Value: € 612,592Avanti Communications Group (AVN) Director name: Mr Nigel Adrian Dawson FoxAmount purchased: 9,780 @ 506.00p Value: £49,487Craneware (CRW) Director name: Mr Keith NeilsonAmount purchased: 3,525 @ 564.75p Value: £19,907Centaur Media (CAU) Director name: Mr Geoff WilmotAmount purchased: 25,000 @ 67.00p Value: £16,750Anglo Pacific Group (APF) Director name: Mr Matthew TackAmount purchased: 4,000 @ 324.70p Value: £12,988Syndicate Asset Management (SAM) Director name: Mr Peter DewAmount purchased: 800,000 @ 1.58p Value: £12,640Top Director SellsLancashire Holdings (LRE) Director name: Mr Robert Alan SpassAmount sold: 75,052 @ 590.64p Value: £443,287Pearson (PSON) Director name: Mr Will EthridgeAmount sold: 33,000 @ 1,034.69p Value: £341,448Bunzl (BNZL) Director name: Mr Brian MayAmount sold: 21,987 @ 745.23p Value: £163,854Bunzl (BNZL) Director name: Mr Michael J RoneyAmount sold: 20,366 @ 745.23p Value: £151,774Bunzl (BNZL) Director name: Mr Patrick LarmonAmount sold: 18,272 @ 745.23p Value: £136,168Dechra Pharmaceuticals (DPH) Director name: Mr Ian PageAmount sold: 19,426 @ 507.75p Value: £98,636Dechra Pharmaceuticals (DPH) Director name: Mr Edwin TorrAmount sold: 10,361 @ 507.75p Value: £52,608Bunzl (BNZL) Director name: Mr Paul Nicholas HusseyAmount sold: 4,737 @ 745.23p Value: £35,302
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4 Jul 2014 08:14

Avanti Communications secures another multi-million dollar contract

Broadband services group Avanti Communications has secured a multi-million dollar contract for its HYLAS 1 and HYLAS 2 satellites with StarDSL AG, which is expected to deliver a "multi-region rollout". Using Avanti's services the multi-year contract will bring StarDSL AG's service to over twenty c

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4 Jul 2014 07:44

Avanti Communications Signs Multi-Region Contract With StarDSL AG

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13 Jun 2014 08:10

Avanti Communications Raises USD157.5 Million In Bond Proceeds

LONDON (Alliance News) - Satellite operator Avanti Communications Group PLC Friday said it has raised USD157.5 million in bond proceeds, which it said it will use to commence the HYLAS 4 satellite project, a new satellite launching in 2017. Avanti Communications said it successfully placed

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3 Jun 2014 13:18

Avanti Communications Wins Multi-Year, Multi-Million Contract

LONDON (Alliance News) - Avanti Communications Group PLC Tuesday said it has won a multi-year, multi-million pound contract for service using its Artemis satellite with a corporate customer in a new market, without naming the company. Avanti also said that it is considering further use of t

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29 May 2014 09:49

Avanti Comms Signs IP Backhaul Contract With African Mobile Operator

LONDON (Alliance News) - Satellite operator Avanti Communications Group PLC Thursday said it has signed a contract with African mobile operator Smart Telecom Group whereby it will deliver IP backhaul services in East Africa. Under this contract, Avanti will use its satellites to transmit da

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29 May 2014 08:28

Avanti Communications wins contract with East African mobile operator

Broadband services group Avanti Communications has been appointed by East African mobile operator Smart to deliver its IP backhaul services. The UK-based satellite firm will deliver the backhaul services to Burundi, Tanzania and Uganda. Owned by the Aga Khan Fund for Economic Development, Smart's s

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20 May 2014 14:23

Avanti Communications Partners With Syntelix For Spanish Contracts

LONDON (Alliance News) - Avanti Communications PLC said Tuesday it has partnered with Spanish telecommunications firm, Syntelix, initially for a major Spanish government project. Avanti said it has signed a capacity contract for a series of public and private connectivity programmes in Spai

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20 May 2014 07:50

Avanti Communications wins contract with Syntelix

Broadband services group Avanti Communications has entered into an agreement with telecoms group Syntelix for a series of public and private connectivity programmes in Spain. The group will begin its partnership with the delivery of a project for a government department at 96 remote locations acros

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16 May 2014 16:10

Premier Foods Senior Independent Director adds 200,000 to stake

Ian Krieger, the Senior Independent Director of Premier Foods, acquired 200,000 shares in the food manufacturing, processing and distribution group. Krieger, who joined the company in late 2012, paid 54.25p a share, spending a total of £108,500. Last month the company reported lower sales of its

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16 May 2014 11:25

DIRECTOR DEALINGS: Avanti Communications Chief Executive Buys Shares

LONDON (Alliance News) - Avanti Communications Group PLC Friday said Chief Executive David Williams bought 9,550 shares at a price of 259 pence per share. Following this transaction, Williams now holds 1.7 million shares, which represents 1.53% stake in the firm. Shares in the the bro

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15 May 2014 15:20

Sector movers: Vodafone, TalkTalk, Carphone Warehouse drag telecoms lower

Telecoms were trading with steep losses on Thursday with heavyweights Vodafone, TalkTalk and Carphone Warehouse pulling the sector lower. Vodafone's shares were under pressure, trading 3.2% lower, after Goldman Sachs cut its recommendation for the stock from 'buy' to 'neutral' and reduced its targe

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13 May 2014 11:22

Avanti Communications Forms Partnership To Deliver Kenya Education Programme

LONDON (Alliance News) - Avanti Communications Group PLC, the satellite communication services, said Tuesday that it has entered a strategic partnership with the Department for International Development to deliver an education programme to Kenyan schools. The programme is powered by satelli

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13 May 2014 07:46

Avanti Communications partners with DFID in new education programme

Broadband services group Avanti Communications has entered into an agreement with the Department for International Development (DFID) to provide a new education programme to Kenyan schools. The group will be powering DFID's programme to educate pupils in Kenya with its HYLAS 2 satellite, which prov

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12 May 2014 11:09

Avanti Sales Momentum Continues In First Nine Months

LONDON (Alliance News) - Satellite operator Avanti Communications Group PLC Monday said that sales momentum in the first nine months of the year has continued, although it reported a loss in the period. Avanti said that trading in the fourth and final quarter has started well, although said

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2 May 2014 10:01

Avanti Communications Wins Avonline Contract Extension

LONDON (Alliance News) - Avanti Communications PLC said Friday it has extended its contract with global satellite broadband firm Avonline. Under the terms of the contract, the deal will provide a series of tailored broadband solutions to consumer and enterprise customers across Europe. Avon

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