Frontier Dev Share News (FDEV)

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday and late on Wednesday.
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Frontier Developments said Chief Executive David Braben sold shares for GBP1.8 million thanks to demand from institutional investors on Wednesday. Braben, who founded the company in 1994, sold 750,000 shares at 240.00 pence each "to meet institutional demand". The chief executive still owns 50.3% of the video game developer. Shares in Frontier Developments closed up 0.7% at 246.75p Thursday.
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Rolls-Royce Holdings said Non-Executive Director Kevin Smith bought his first shares in the company on Wednesday. Smith, who joined the board this month, is the former chief executive of Rolls-Royce's blue-chip engineering rival GKN.

Smith bought 20,000 shares in the company at 603.00 pence per share, the day after the jet engine maker outlined its plans to cut its cost base and simplify its operations following a torrid period of profit warnings caused by multiple market headwinds.

The group has been hit hard in the past 18 months, first by squeezed defence budgets, then by orders shrinking for its oil and gas-facing marine business and then by margin weakness in its aerospace business.

Shares in Rolls-Royce closed down 0.9% to 601.50p on Thursday.
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Euromoney Institutional Investor said Diane Alfano, a board member and divisional director, sold 6,962 shares in the company at 931.00 pence each on Tuesday. Alfano now has a 0.05% stake in Euromoney, equivalent to 68,006 shares, following the transaction, which took place on Tuesday. The share sale was Alfano's second in as many weeks. Alfano sold 3,038 shares in the company at 957.76 pence each on Thursday last week.

That was the same day Euromoney revealed a new board structure, with recently appointed Executive Chairman Andrew Rashbass to become the company's chief executive officer. That news came as the company reported a fall in adjusted pretax profit in its last financial year. The company had previously said that Alfano would not be seeking re-election as an executive director at the company's annual meeting of shareholders in January 2016. Shares in Euromoney closed down 1.2% at 899.00p Thursday.
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Water utility United Utilities Group said Business Services Director Sally Cabrini sold shares in the company on Wednesday. Cabrini sold 28,000 shares at 956.1484 pence per share, giving the transaction a total value of GBP267,722. The sale leaves her with a total of 17,693 shares in the company.

On Wednesday, United Utilities said its operating profit was hit by higher costs and a water quality incident in the first half, with revenue broadly flat and its interim dividend pushed up slightly. Shares in the group closed up 1.4% to 966.00p on Thursday.
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Rio Tinto said that Non-Executive Director Paul Tellier, a member of the board since 2007, acquired 318 shares at 2,253.95 pence each in the mining company on Wednesday. "This was a non-discretionary transaction," Rio Tinto said. Shares in Rio Tinto closed down 0.6% at 2,263.83p Thursday.
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Ceramic and carbon products manufacturer Morgan Advanced Materials said Non-Executive Director Rob Rowley bought shares in the company on Thursday. Rowley bought 5,000 shares on Thursday at 252.562 pence per share, his first holding in the company. Shares in Morgan closed up 0.5% to 250.40p Thursday.
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Ryanair Holdings said Kyran McLaughlin, a director at the airline since January 2001, acquired 5,625 shares in the company on Tuesday. The shares were bought at EUR13.77 each. Non-Executive Director McLaughlin, who is the deputy chairman and head of capital markets at Davy Stockbrokers, now owns 225,000 shares in the airline, equivalent to a 0.017% stake. Shares in Ryanair closed up 1.7% at EUR14.20 on Thursday.
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Mitie Group said Non-Executive Director Mark Reckitt bought 4,000 shares in the outsourcing company at 294.68 pence each. The shares, which were bought on Tuesday, give Reckitt his first stake in the company since he was appointed as a non-executive director in July. On Monday, Mitie said its pretax profit rose in the first half due to restructuring charges booked a year earlier not repeating, but its headline profit was weaker due to tougher conditions for its healthcare business. Shares in Mitie closed down 0.8% at 303.00p on Thursday.
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De La Rue said Non-Executive Director Maria da Cunha, who was appointed to the board in July, has bought 4,735 shares in the banknote printer. The shares, which were purchased at 415.8111 pence each on Wednesday, give the director a 0.005% stake in the company. Shares in De La Rue closed up 1.1% at 428.75p on Thursday.
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Wireless monitoring products company Starcom said Chief Executive Avi Hartmann sold shares in the company. Starcom did not say when Hartmann sold the shares, but he sold 500,000 at 2.5 pence per share, leaving him with 18.5 million Starcom shares, or a 19% stake in the company. Shares in Starcom closed up 9.8% at 2.74p on Thursday.
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FastForward Innovations said Director Bryan Smith bought shares as part of a GBP200,000 share placing it conducted on Thursday.Smith subscribed for 187,500 shares, taking his interest in the company to 687,832 shares or a 1.31% stake. The funding will be used to make additional investments and provide general working capital. FastForward Innovations shares closed down 2.4% at 8.05p Thursday.
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Ithaca Energy said Non-Executive Chairman Jack Lee bought shares in the company in Toronto on Wednesday. Lee bought 150,000 shares in the company at CAD0.78 per share, or around 38.87 pence. Shares in Ithaca closed flat Thursday at 38.75p.
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CloudBuy said Non-Executive Director Patrick Broughton bought 200,000 shares at 6.45 pence per share on Thursday, taking his total holding to 1.1 million shares. CloudBuy shares were down 6.4% to 6.20p.
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IS Solutions said Non-Executive Director Roger McDowell sold 500,000 shares at 98.2045 pence each Wednesday. Following this sale McDowell has an interest in 2.35 million shares, or an around 6.44% stake in the company. Shares in IS Solutions closed up 1.5% at 99.00p Thursday.
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Aberdeen Japan Investment Trust said Chairman Neil Gaskell bought 5,000 shares at a price of 472.65 pence on Wednesday. Following this purchase Gaskell has an interest in 17,500 shares, or a less than 1.0% stake. Shares in Aberdeen Japan Investment closed up 1.1% at 478.00p Thursday.
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Henderson EuroTrust said Non-Executive Director Joop Feilzer bought 20,000 shares at prices ranging between 876.50 pence to 883.00pper share on Wednesday and Thursday. Following these purchases Feilzer has an interest in 50,000 shares, or a less than 1.0% stake. Shares in Henderson EuroTrust closed up 1.1% at 885.49p Thursday.
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By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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