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New Cable & Wireless CEO spends almost triple his salary on shares

Mon, 06th Jan 2014 16:08

The new Chief Executive Officer of Cable & Wireless Communications has acquired 4.3m shares in the company after starting his new role at the beginning of the month. Bentley, who was the Managing Director of British Gas from 2007 to 2013, spent a total of just under £2.45m, equivalent to approximately three times his base salary. The director, who has replaced Tony Rice, said he was "delighted" to be joining the company.He continued: "I recently visited a number of our operations and met with government partners in our Caribbean and Latin American markets with Tony Rice and the team. Our new office in Miami is taking shape, and I'm impressed with the quality of our people and the opportunities we have. "My priorities will be driving top line growth, continuing cost discipline, increasing returns on capital and improving customer service. I'm confident we can evolve our strategy to become the leading communications provider in the region and offer a distinctive investor proposition."Top Director BuysSymphony International Holdings Ltd. (SIHL) Director name: Mr Anil ThadaniAmount purchased: 86,086 @ $0.74 Value: $63,704ReThink Group (RTG) Director name: Mr Steve Wright Amount purchased: 1,000,000 @ 6.00p Value: £60,000Symphony International Holdings Ltd. (SIHL) Director name: Mr Sunil ChandiramaniAmount purchased: 64,565 @ $0.74 Value: $47,778Mitchells & Butlers (MAB) Director name: Mr Tim JonesAmount purchased: 8,000 @ 436.50p Value: £34,920Nighthawk Energy (HAWK) Director name: Mr Graham SwindellsAmount purchased: 105,839 @ 10.78p Value: £11,409Top Director SellsReThink Group (RTG) Director name: Mr Iain Philip BlairAmount sold: 1,000,000 @ 6.00p Value: £60,000John Lewis of Hungerford (JLH) Director name: Mr John L LewisAmount sold: 3,000,000 @ 1.50p Value: £45,000Capital & Regional (CAL) Director name: Mr Kenneth FordAmount sold: 100,000 @ 43.39p Value: £43,390Nighthawk Energy (HAWK) Director name: Mr Graham SwindellsAmount sold: 107,173 @ 10.75p Value: £11,521NR
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6 Jan 2014 10:24

DIRECTOR DEALINGS: John Lewis of Hungerford Non-Executive Sells 3 Million Shares

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22 Oct 2013 16:46

MARKET COMMENT: Bluechips Rally, Dollar Slides As US Payrolls Miss

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22 Oct 2013 12:07

John Lewis of Hungerford expects small full-year profit

John Lewis of Hungerford said it expected to make a small profit for the last year and said the first quarter had seen strong growth. The AIM-listed kitchens retailer, which also announced two new directors had been appointed to the board, said it expected to report £6.5m of sales for the year to A

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22 Oct 2013 11:29

UK WINNERS & LOSERS: Plenty Of Good News From FTSE 100 Stocks

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22 Oct 2013 08:28

John Lewis Of Hungerford Soars As Turnaround Gathers Pace

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14 Aug 2012 16:58

Meggitt director stocks up following good H1 revenue growth

Peter Huber, the President of Sensing Systems at Meggitt Group, purchased 8,616 shares in the firm for 409p each. The £35,239 transaction took place just a week after the aerospace components engineer said it entered the second half of the year with good momentum and an improved order book, althou

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26 Apr 2011 14:16

John Lewis of Hungerford reports strong first half

Upmarket kitchen group John Lewis of Hungerford has reported an 18% increase in turnover for the half year ended 28 February as a result of the combination of like-for-like sales growth a new store openings. However, chairman Malcolm Hepworth warned of margin pressures through raw material price in

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15 Jul 2010 11:39

DSG International, John Lewis Bond, Tender Offers Continue Trend

LONDON (Dow Jones)--Electrical and computing retailer DSG International PLC (DSGI.LN) announced Thursday an offer to buy back existing bonds and planned a new five-year issue, continuing the recent trend of companies looking to extend their debt maturities. U.K. retailer John Lewis PLC is also p

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25 Feb 2010 16:44

Fidessa directors offload shares

Financial software provider Fidessa's chief executive and chairman have sold shares less than one week before they go ex-dividend. Fidessa announced a 40p a share special dividend when it published its 2009 figures at the beginning of last week. This is in addition to a 20p a share final dividend

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18 May 2009 06:20

Monday newspaper round-up: Lloyds Banking, Shell, BT

The departure of Sir Victor Blank has opened the floodgates on City demands for Lloyds Banking Group to unwind its fateful merger with HBOS which led to the chairman's downfall. A powerful combination of investors as well as business and political leaders are arguing that the superbank should be de

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