Director dealings: Tullow Oil CFO lowers stake

Wood, who became Tullow's finance chief in 2017, disposed of the shares at an average price of 233.90p each, for a total value of £125,630.03.

Tullow Oil turned in a profit from the first half of its trading year, marking a considerable turnaround from the loss of $557.9m reported in the same period a year earlier.

In July, The independent oil and gas company reported a profit of $150.5m from the six months ended 30 June as revenue for the first half rose 15% to $905.1m on the back of the stronger oil price and a small increase in production.

"Today's results are further evidence of the progress that Tullow has made in the first half of 2018," said Tullow's chief executive Paul McDade.

Tullow also revealed that chairman and founder Aidan Heavey would be stepping down from the company after 32 years to be replaced by Dorothy Thompson, who was appointed an independent non-executive director back in April.

As of 1630 BST, Tullow shares had picked up 2.62% to 239p.

Top Director Buys

Tritax Eurobox (gbp) (EBOX)
Director name: Mansfield,Keith
Amount purchased: 165,000 @ 105.95p
Value: £174,817.50

Raven Property Group Limited (RAV)
Director name: Bilton,Anton John Godfrey
Amount purchased: 350,000 @ 40.00p
Value: £140,000.00

Tp Icap (TCAP)
Director name: Stewart,Robin
Amount purchased: 12,000 @ 286.14p
Value: £34,336.92

Vodafone Group (VOD)
Director name: Furse,Dame Clara
Amount purchased: 12,219 @ 165.60p
Value: £20,234.66

Vodafone Group (VOD)
Director name: Furse,Dame Clara
Amount purchased: 11,725 @ 165.62p
Value: £19,418.95

Vodafone Group (VOD)
Director name: Furse,Dame Clara
Amount purchased: 10,625 @ 165.64p
Value: £17,599.25

Anglo Pacific Group (APF)
Director name: Stan,Robert
Amount purchased: 10,000 @ 155.00p
Value: £15,500.00

Vodafone Group (VOD)
Director name: Furse,Dame Clara
Amount purchased: 6,382 @ 165.66p
Value: £10,572.42

Anglo Pacific Group (APF)
Director name: Meier,Patrick
Amount purchased: 5,688 @ 152.99p
Value: £8,702.07

Vodafone Group (VOD)
Director name: Furse,Dame Clara
Amount purchased: 5,085 @ 165.68p
Value: £8,424.83

Vodafone Group (VOD)
Director name: Furse,Dame Clara
Amount purchased: 3,964 @ 165.58p
Value: £6,563.59

Collagen Solutions (COS)
Director name: Hyland,Tom
Amount purchased: 115,988 @ 4.31p
Value: £4,999.08

Anglo Pacific Group (APF)
Director name: Flynn,Kevin
Amount purchased: 3,226 @ 153.85p
Value: £4,963.20

Anglo Pacific Group (APF)
Director name: Flynn,Kevin
Amount purchased: 2,579 @ 153.85p
Value: £3,967.79

Anglo Pacific Group (APF)
Director name: Flynn,Kevin
Amount purchased: 993 @ 153.85p
Value: £1,527.73

Anglo Pacific Group (APF)
Director name: Flynn,Kevin
Amount purchased: 732 @ 154.00p
Value: £1,127.28

Ultra Electronics Holdings (ULE)
Director name: Sharma,Ami
Amount purchased: 9 @ 1,589.00p
Value: £143.01

Qinetiq Group (QQ.)
Director name: Wadey ,Steve
Amount purchased: 49 @ 271.56p
Value: £133.06

Qinetiq Group (QQ.)
Director name: Smith,David
Amount purchased: 19 @ 271.56p
Value: £51.60

Top Director Sells

Direct Line Insurance Group (DLG)
Director name: Geddes,Paul
Amount sold: 78,700 @ 333.38p
Value: £262,370.07

Direct Line Insurance Group (DLG)
Director name: Holliday-Williams,Mike
Amount sold: 39,975 @ 333.38p
Value: £133,268.66

Tullow Oil (TLW)
Director name: Wood,Les
Amount sold: 53,711 @ 233.90p
Value: £125,630.03

Direct Line Insurance Group (DLG)
Director name: Maddock,Steven
Amount sold: 30,527 @ 333.38p
Value: £101,770.91

Direct Line Insurance Group (DLG)
Director name: Maddock,Steven
Amount sold: 28,110 @ 333.38p
Value: £93,713.12

Direct Line Insurance Group (DLG)
Director name: Tomlinson,Humphrey
Amount sold: 18,622 @ 333.38p
Value: £62,082.03

Direct Line Insurance Group (DLG)
Director name: Tomlinson,Humphrey
Amount sold: 16,683 @ 333.38p
Value: £55,617.79

Anglo Pacific Group (APF)
Director name: Flynn,Kevin
Amount sold: 7,530 @ 153.18p
Value: £11,534.45