10.07.2008

Another Tanfield director buys in

Darren Kell, chief executive of Tanfield has followed chairman Roy Stanley’s lead and invested in his company’s stock. He acquired a million shares in the besieged business yesterday.

He was not alone as a number of people close to the company decided to profit from the sharp drop in the share price over the past two weeks as the city punished the company for the surprise profits warning.

As a result of the positive activity the stock had a strong rally yesterday afternoon closing at over 8p, more than 40 percent up on its 10 day low.