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Hikma Pharmaceuticals shrinks stake

Fri, 24th May 2013 15:36

Said Darwazah, the Chief Executive Officer of Hikma Pharmaceuticals, has reduced his stake in the FTSE 250 company, it was announced after Thursday's close.The director, who was the Minister of Health for the Hashemite Kingdom of Jordan from 2003 to 2006, sold 188,445 shares over a period of six days after the company reported a strong start to the year. Sold at 988p each, the trade value of the shares totalled £1.86m. The multinational pharmaceutical group earlier this month said that following a good performance in both the Branded and Injectables businesses, the company is on track to meet its current full-year guidance. It also reported that the Generics business has delivered revenue ahead of its original expectations, and as such, group sales are set to grow around 13% in 2013, having previously been forecast to rise 10%. Darwazah, whose direct stake in the company now stands at 5.58%, said it had been a "very good start to 2013". Top Director BuysPureCircle Ltd. (DI) (PURE) Director name: Mr William MitchellAmount purchased: 30,000 @ 335.00p Value: £100,500New Britain Palm Oil Ltd. (DI) (NBPO) Director name: Mr Alan ChaytorAmount purchased: 10,000 @ 375.00p Value: £37,500Halfords Group (HFD) Director name: Mr Matt Davies Amount purchased: 10,000 @ 319.60p Value: £31,960Halfords Group (HFD) Director name: Mr Dennis H MillardAmount purchased: 10,000 @ 319.60p Value: £31,960F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 32,000 @ 95.21p Value: £30,467F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 32,000 @ 95.21p Value: £30,467Intu Properties (INTU) Director name: Ms Adèle AndersonAmount purchased: 7,500 @ 346.70p Value: £26,002NR
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29 Oct 2009 08:51

PureCircle enters New Zealand

PureCircle, which makes natural sweeteners from the Stevia plant, announced that the drinks firm Frucor is to launch its Revive Supplement Water, which contains PureCircle's Reb A product, in New Zealand. 'We are delighted to be associated with Frucor in this important launch for the category which

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23 Sep 2009 17:05

London close: Footsie dips into the red

A late swoon saw London's blue-chip index give up the gains of the morning to close marginally lower on the day, as investors banked profits ahead of the Federal Reserve's decision this evening on US interest rates and its quantitative easing (QE) programme. The morning's gains had been achieved on

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23 Sep 2009 14:01

London afternoon: Footsie nears intra-day high

The market's climb regained momentum over the lunchtime session. Investors have been put in the mood to buy by the prospect of the Bank of England increasing its quantitative easing programme some time in the future. The minutes to the most recent meeting of the Bank of England's Monetary Policy co

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23 Sep 2009 11:55

London midday: Market rises despite cash calls

The market is off the top but still in positive territory, despite a flood of fund raising announcements this morning. Property group Liberty International shares have been hit by a placing today of up to 56.1m new shares, increasing its shares in issue by just under 10%. The fund raising comes l

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23 Sep 2009 08:12

PureCircle posts sweet profit as demand soars

PureCircle, which supplies sweeteners made from the extracts of leaves from the stevia plant to soft drinks giants such as Coca-Cola and Pepsico, posted a sharp rise in profits as demand for its product soared. Pre-tax profits in the year to June 30 climbed to £11.4m from £2.3m over the same period

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8 Jul 2009 15:36

London afternoon: Downward drift continues

The majority of blue-chip stocks remain lower on the day, though heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its clients to take advantage of recent share price weakne

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8 Jul 2009 12:02

London midday: Footsie still flat

On another directionless day with little in the way of company news to guide sentiment, Footsie sits just in the blue. Heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its c

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8 Jul 2009 07:51

Big customer wins sweeten Pure Circle sales

Pure Circle, the maker of high intensity sweeteners used in a range of well known soft drinks, expects to report an 85% jump in sales in 2009 after gaining several high profile customers. The firm expects revenues of $62m, compared with $33m the previous year, with volume sales of its Reb A sweeten

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