2nd Feb 2016 13:50
LONDON (Alliance News) - TalkTalk Telecom Group PLC said Charles Bligh, the managing director of TalkTalk Business, bought 617,978 shares at a price of 240.92 pence per share on Tuesday.
The purchase, which makes up his entire holding, is worth around GBP1.5 million.
TalkTalk on Tuesday said trading conditions have returned to normal following the cyber attack on the company in late 2015, with the group registering customer growth in January.
The FTSE 250 telecommunications company said its revenue growth for the third quarter to the end of December hit 1.8% year-on-year, though it said it saw a total net loss of customers of 101,000, with 95,000 of those attributed to the cyber attack in October.
The stock was up 4.7% at 228.10p Tuesday afternoon, one of the best performers in the FTSE 250.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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