TalkTalk MD throws £1.5m behind company as cyber attack figures released

After TalkTalk revealed the extent of its cyber-attack injuries on Tuesday, the Managing Director of the FTSE 250 company’s business division has thrown nearly £1.5m behind the company.

Charles Bligh purchased nearly 618,000 shares in the company for £1.489m.

It came after the telecoms provider said the cyber-attack had a trading impact of £15m, and created exceptional costs of £40m-£45m.

TalkTalk's on-net customer churn during the three months was 2.1%, of which 0.6% was estimated to be the impact of the attack.

Of the 101,000 customers lost, TalkTalk estimated 95,000 of them were due to the attack.

However the company did report revenue growth of 1.8% in the three months to 31 December 2015.

Shares in TalkTalk started the day well, but were only up marginally by 1606 GMT to 220p, rising 2.1p (0.96%).

Top Director Buys

Talktalk Telecom Group (TALK)
Director name: Bligh,Charles
Amount purchased: 617,978 @ 2.41p
Value: £1,488,832.57

Bankers Inv Trust (BNKR)
Director name: Thorne,Matthew
Amount purchased: 4,000 @ 5.76p
Value: £23,040.00

Diageo (DGE)
Director name: Stewart,Alan
Amount purchased: 1,060 @ 18.99p
Value: £20,129.40

Blue Planet Investment Trust (BLP)
Director name: Murray,Kenneth
Amount purchased: 50,000 @ 0.32p
Value: £15,750.00

There were no director sells at the time of publication