CWD.L Share News (CWD)

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Countrywide said its new Chairman Peter Long bought his first shares as the estate agency posted a lower pretax profit for 2015 following a tough year for the company due to a slowdown in transactions in the London market on Thursday.

Long bought 200,000 shares at GBP3.48875 on Thursday, which is his only holding.

Earlier this month, Countrywide named Long, who was previously the joint chief executive of tourism business TUI AG, as its new chairman.

Long, who serves also as the chairman of delivery company Royal Mail, will take over from Grenville Turner, who will retire at Countrywide's annual meeting of shareholders in April.

Countrywide, Thursday, said its pretax profit for the year was down to GBP47.7 million from GBP79.6 million a year earlier, though revenue increased to GBP733.7 million from GBP702.2 million. The reduced profit was driven by weaker profitability in its estate agency and lettings businesses in the year, which resulted in earnings before interest, taxation, depreciation and amortisation falling 7.0%.

The stock closed up 5.6% at 348.70p Friday.
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Microprocessor designer ARM Holdings on Friday said two of its executives sold shares. Jennifer Duvalier, a divisional executive vice president, sold 10,047 at 960 pence each on Friday, exactly halving her holding to 10,047 shares. Additionally, ARM said Thomas Lantzsch, executive vice president for its strategy division, sold 25,496 shares at 950.46p each on Tuesday. He now holds 50,100 shares and 168 American Depositary Receipts. The stock was closed up 2.9% at 977.50p Friday.
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Greka Engineering & Technology said that an entity controlled by Chairman and Chief Executive Randeep Grewal, on Friday purchased 47.2 million ordinary shares at a price of 0.385p each. Following this transaction, Grewal is now directly and indirectly beneficially interested in a total of 312.1 million shares, representing 76.20% of the company's issued ordinary share capital. The stock closed up 23% at 0.432p Friday.
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Tristel said a group of executives and non-executives bought shares on Thursday in various amounts and at various prices. Non-Executive Director Francisco Soler bought 61,200 shares at 98.9 pence each and now holds 10.7 million shares, while Non-Executive Director Paul Barnes bought 30,000 shares at 103.9p each and now holds 730,180 shares Chief Financial Officer Liz Dixon bought 5,000 shares at 96p each and now holds 55,000 shares. Chief Executive Officer Paul Swinney also bought 5,000 shares at 94p each and now holds 925,000 shares. The infection protection, contamination control and hygiene products manufacturer on Wednesday hiked its interim dividend as it said pretax profit and revenue both rose in the first half of its financial year. The stock closed up 9.8% at 114.15p Friday.
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Minds + Machines Group said Chairman Guy Elliott bought 620,000 shares and Chief Financial Officer Michael Salazar 245,000 shares, both at a price of 9 pence per share, on Friday. Elliot now holds 23 million shares, which represents a 2.97% stake in the group, while Salazar holds 1.9 million shares, or a 0.22% stake. The stock closed up 6.1% at 8.75p Friday.
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Volex said Chief Financial Officer Daren Morris bought 20,000 shares at a price of 41.9 pence per share on Friday. Following this transaction, Morris holds a total of 230,000 shares representing 0.25% of the issued share capital. The power and data cabling provider on Friday said weak demand has continued into the second half and its revenue will miss expectations for its financial year to April 3. The company said demand had been slow in the first half, and this continued into the second half, exacerbated by lower-than-anticipated orders from a key customer for both existing and new products. The stock closed down 16% at 37.75p Friday, less than half its 52-week high of 88.75p.
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Galliford Try said Non-Executive Director Ishbel Macpherson bought 2,125 shares at a price of 1,412 pence per share Thursday. The purchase is her only holding in the construction and housebuilding company. The stock closed up 0.7% at 1,432.00p Friday.
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DDD Group said Non-Executive Director Sanji Arisawa bought 400,000 shares at a price of 2.5 pence per share Thursday. Following this transaction, Arisawa now holds 2.9 million shares, which represents 1.5% stake in the firm. The stock closed flat at 1.88p Friday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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