March 30, 2020 | less than a minute read

Directors show confidence in bounce back from coronavirus pandemic by buying shares

Senior Associate

Directors of Britain's biggest companies have been taking advantage of the stock market slump by purchasing shares in their own companies.

In a time of general uncertainty this is reassuring as it indicates that the people working at the heart of these companies have faith that equities, and their companies, will bounce back from the Covid-19 pandemic.

The Times reports that the ratio of director buying to selling is higher than it was in the aftermath of Britain voting to leave in the EU referendum in 2016.

It is difficult to find anything positive in the news these days, so this article by The Times is very welcome and shows that things may start looking up quicker than we think.

Those purchasing shares include executives at some of the country’s largest leisure chains, banks, consumer goods companies and telecoms groups who have been “looking through” Covid-19.