DIRECTOR’S DEALS

Serco chief buys £128,400 of shares in outsourcing firm

RUPERTSoames, 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.