Bosses at airport services business John Menzies have spent more than £376,000 on shares in the company in the wake of last week’s profits warning.
Chief executive Giles Wilson bought 2,505 shares at 397p and family member Katie Wilson also bought 4,886, John Geddes, director of corporate affair, acquired 4,869 shares, non-executive David Garman and a member of his family together bought 27,300 shares and a company associated with another non-executive director Christian Kappelhoff-Wulff bought 60,000 shares at 379p. They paid between 365p and 406p.
Last week shares in the Edinburgh-headquartered firm fell sharply after it revealed profits will land below expectations.
The profit warning came as bosses said trading across the business has been "disappointing", driven by fewer customers sending cargo and a cut in flights.
John Menzies operates many of the behind-the-scenes parts of airports, including air-side assistance and the refuelling of planes.
Chief executive Giles Wilson said: "The overall aviation market is having a difficult year. This inevitably is having an impact on our full-year out-turn.
"However, I firmly believe in the structural growth dynamics within our industry and all historical data points to recovery."
He added that plans to cut costs by £10 million by next year are on track, with "a revitalisation of our commercial offering and a greater focus on returns from the deployment of our systems".
