BT Share News (BT.A)

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.
----------
BT Group said a group of directors bought shares on Monday after news of an Italian accounting scandal dealt a blow to the telecoms giant's shares last week.

Caroline Rake, wife of Chairman Michael Rake, bought 15,000 shares at 302 pence each. In addition, non-executive directors Tony Ball bought 70,000 shares and Iain Conn bought 15,000 shares at the same price.

Non-executive director Isabel Hudson bought 4,872 shares at 306 pence each and Kay Rose, wife of Non-Executive Director Nick Rose, bought 75,000 shares at 302p each.

Non-Executive Director Karen Richardson bought 1,030 American Depositary Shares at USD19.41 each. One ADS equal five ordinary shares.

BT last Friday highlighted "good progress" across its business for its third quarter, but said this had been "overshadowed" by the accounting scandal it revealed earlier last week in its Italian business, which dented profit in the quarter.

Last Tuesday BT issued a profit warning and revealed that previously flagged accounting issues at its Italian arm were "far greater" than previously indicated. This led the company to outline more significant write-downs than it had earmarked back in October, when it first detailed accounting irregularities. The scandal is subject to a criminal investigation by Italian prosecutors.

That news, along with a cut to guidance on a deteriorating outlook for the UK public sector and international corporate markets, dealt a major blow to BT shares that they have struggled to recover from, down 21% since the warning.

BT shares closed up 1.1% at 308.73p on Tuesday.
----------
Braemar Shipping Services said a fourth board member bought shares after the marine services firm issued a profit warning last week.

Chairman David Moorhouse bought 49,351 shares at 252 pence each on Monday.

In addition, Non-Executive Director Alastair Farley bought 20,000 shares last Friday.

Last Tuesday, Chief Executive Officer James Kidwell bought 15,853 shares while Non-Executive Director Jurgen Breuer bought 20,000 shares on the same day.

Braemar Shipping Services last week forecast a big drop in underlying operating profit year-on-year, as underperformance in its Technical division continued to hit group results.

The stock closed up 3.3% at 250.00p on Tuesday.
----------
Titon Holdings said Sales & Marketing Director Tyson Anderson sold 28,150 shares at a price of 135 pence per share on Monday. Following this transaction, Anderson now holds 693,750 shares, which represents a 6.33% stake in the firm. Shares in the door and windows manufacturer closed down 4.8% at 129.90p on Tuesday.
----------
Mortgage Advice Bureau said associated persons of two of its directors have purchased shares in the company. Donna Imlach, a person associated with Non-Executive Director Nathan Imlach, purchased 381 shares at a price of 367 pence each. They now hold 23,041 shares in the company. Tina Verdin, a person associated with Non-Executive Director Richard Verdin, purchased 333 shares at the same price. They now hold 18,451 shares. Shares in Mortgage Advice Bureau closed down 0.7% at 368.50p Tuesday.
----------
EU Supply said Chief Executive Officer Thomas Beergrehn bought 300,000 shares at 13.75 pence per share Monday. Following this transaction, Beergrehn now holds a total beneficial interest in 8.9 million shares, which represents a 13.1% stake in the firm. Shares in the Sweden-based e-commerce business closed flat at 13.50p on Tuesday.
----------
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2017 Alliance News Limited. All Rights Reserved.