Noel Quinn, chief executive of banking giant HSBC (HSBA), has been awarded 51,435 shares at 584p for a total value of £300,329, while finance director George Elhedery has been awarded 32,827 shares at 584p for a total value of £191,676 on 23 August 2023.

The shares were granted net of tax under the bank's ‘fixed pay allowance arrangements’ and are part of the ‘relevant employees’ fixed remuneration for 2023.’

HSBC’s shares have performed well year-to-date, up 11% to the 589p mark. The share price was recently buoyed after a strong set of first-half results when the company announced a $2 billion buyback programme.

BRITISH AMERICAN TOBACCO DIRECTOR BUYS £200,000 SHARES

Karen Guerra, non-executive director of one of the world’s largest tobacco companies British American Tobacco (BAT), bought 7,950 shares at £25.18 for a total value of £200,162 on 22 August 2023.

British American Tobacco shares have not performed well year-to-date, falling over 22%.

The move could be viewed as a vote of confidence in the company, which installed a new chief executive earlier this year, or Guerra might be looking to make the most of the 8% dividend yield.

AVIVA CEO BUYS £101,000 SHARES

Amanda Blanc, chief executive of insurance giant Aviva (AV.), bought 26,500 shares at 381p for a total value of £101,015 on 23 August 2023.

Shares in the FTSE 100 insurer are down 11% year-to-date, underperforming the FTSE 100 which is up 1% this year.

In a recent note, analysts at HSBC commented: ‘Aviva offers an attractive double-digit total capital return yield for the foreseeable, which averages at circa 12% over 2023-25 estimated.

‘Its capital returns are well covered by a free cash flow yield of circa 12% in 2023 estimated that grows at a high single-digit rate to greater than 14% in 2025 on our estimates, which provides good comfort around the sustainability of its capital returns.’

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