City Finance Reporter for the Daily Mail
Rupert Soames, boss of Serco, has bought 120,000 shares in the outsourcing firm for 107p each.
The 57-year-old married father of three, a grandson of Sir Winston Churchill and brother of Tory MP Sir Nicholas Soames, bought the shares at the end of last week.
The outlay of £128,400 has already paid off with the shares at 112p last night – valuing the ones he bought at £134,400.
Soames, the former chief executive of power hire group Aggreko, took over at Serco in 2014 and has a basic annual salary of £850,000.
He earned a total of £2.2m last year.
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