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Director dealing: Paddy Power co-founder cashes in some shares

Mon, 14th Mar 2016 14:49

(ShareCast News) - Directors in the newly merged Paddy Power Betfair (PPB) continue to take profits after the sealing of the deal. Following the sale by group chief executive Breon Corcoran last week, Paddy Power co-founder Stewart Kenny pocketed almost €2.6m after selling 27,000 shares at €120.38 apiece. Now a senior non-executive on the board of the enlarged group, Kenny was a co-founder of Paddy Power in 1988 and was chief executive the Irish bookie from that point until 2002 and chairman from 2002 to 2003. He still holds 330,432 shares, making his stake worth over £30m. Last Thursday Corcoran sold £4.1m worth of his shares at 9,572.13p, but still has a 139,997-share stake that is worth roughly £12.9m. This followed the publishing of both group's last set of separate results earlier in the week after the merger was completed in February. As such, the results reflected 20%-plus revenue growth in both Paddy Power's annual performance to 31 December 2015, and Betfair's third quarter results to 31 January. Top Director BuysElectrocomponents (ECM)Director name: Egan ,David Amount purchased: 70,000 @ 238.00pValue: £166,600.01Regus (RGU)Director name: Pauly,FrancoisAmount purchased: 37,718 @ 292.00pValue: £110,136.56Worldpay Group (wi) (WPG)Director name: Oppenheimer,DeannaAmount purchased: 30,000 @ 280.75pValue: £84,224.58Fdm Group (holdings) (FDM)Director name: Martin,IvanAmount purchased: 8,000 @ 500.00pValue: £40,000.00Kromek Group (KMK)Director name: Kinet,Lawrence Henry NeilAmount purchased: 120,000 @ 32.25pValue: £38,700.00Purecircle Limited (di) (PURE)Director name: Malsagov,MagometAmount purchased: 10,000 @ 380.00pValue: £38,000.00Purecircle Limited (di) (PURE)Director name: Mitchell,WilliamAmount purchased: 10,000 @ 380.00pValue: £38,000.00Lakehouse (LAKE)Director name: Simpson,JeremyAmount purchased: 70,990 @ 50.04pValue: £35,523.40Stock Spirits Group (STCK)Director name: Stachowicz,MiroslawAmount purchased: 16,970 @ 147.40pValue: £25,013.78Falcon Acquisitions (FAL)Director name: Gustafson,MarkAmount purchased: 40,000 @ 14.70pValue: £5,880.00Falcon Acquisitions (FAL)Director name: Gustafson,MarkAmount purchased: 25,000 @ 14.40pValue: £3,600.00Falcon Acquisitions (FAL)Director name: Gustafson,MarkAmount purchased: 25,000 @ 14.00pValue: £3,500.00Jarvis Securities (JIM)Director name: Head ,Jolyon Christopher Amount purchased: 882 @ 339.55pValue: £2,994.83Mortgage Advice Bureau (holdings) (MAB1)Director name: Tilley,LucyAmount purchased: 92 @ 330.00pValue: £303.60Oxford Instruments (OXIG)Director name: Flint,David (Jonathan)Amount purchased: 39 @ 699.25pValue: £272.71Securities Trust Of Scotland (STS)Director name: Donaldson,Michael NeilAmount purchased: 186 @ 130.81pValue: £243.31Zotefoams (ZTF)Director name: Hurst,Clifford GAmount purchased: 53 @ 288.00pValue: £152.64Zotefoams (ZTF)Director name: Stirling,DavidAmount purchased: 53 @ 288.00pValue: £152.64Oxford Instruments (OXIG)Director name: Boyd,KevinAmount purchased: 21 @ 699.25pValue: £146.84Mitchells & Butlers (MAB)Director name: Jones,Timothy (Tim) CharlesAmount purchased: 52 @ 268.35pValue: £139.54Kcom Group (KCOM)Director name: Simpson,PaulAmount purchased: 110 @ 113.00pValue: £124.30Top Director SellsPaddy Power Betfair (PPB)Director name: Kenny,StewartAmount purchased: 27,000 @ € 120.38Value: € 2,590,880.77Lakehouse (LAKE)Director name: Simpson,JeremyAmount purchased: 71,430 @ 50.00pValue: £35,715.00
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4 Nov 2016 16:42

Directors dealings: Regus finance chief picks up shares despite poor technical backdrop

(ShareCast News) - Regus's finance chief, Dominik de Daniel, picked up a large batch of stock despite the shares' daunting technical aspect. Dominik bought 173,000 shares on 4 November at an individual price of 239.7p for a total amount of £414,684.60, Regus said in a statement. The provider

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3 Nov 2016 07:52

Regus to set up Swiss holding company outside EU

(ShareCast News) - Workplace provider Regus is to set up a new holding company outside the EU in Switzerland called International Working Group as part of its plan to provide work solutions across multiple brands. The new holding company will be incorporated in Jersey but have its headquarters in Sw

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12 Oct 2016 06:33

Bodycote Appoints Ex-Regus CFO Dominique Yates As Finance Director

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20 Sep 2016 09:01

Regus CEO places 37m shares

(ShareCast News) - Mark Dixon, the founder and chief executive officer of flexible workspace provider Regus is selling 37m shares, equivalent to a 4% stake in the company, in an accelerated bookbuild. The shares are being placed at 275p each, with JPMorgan Cazenove acting as sole bookrunner. The pla

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15 Aug 2016 10:50

Canaccord Genuity cuts Regus target price on uncertainty in UK

(ShareCast News) - Analysts at Canaccord Genuity cut their target price on Regus's shares to reflect part of the risk arising from their worst case scenario for the UK market. The flexible workspace provider's business model was highly sensitive to the macroeconomic health of its markets, analysts M

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10 Aug 2016 15:59

LONDON MARKET CLOSE: Stocks Extend Rally Despite Brent Nearing USD44

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10 Aug 2016 12:41

Wednesday newspaper share tips: Regus, Standard Life

(ShareCast News) - Regus appears to be on to something with its flexible business model and markets have caught on, the Financial Times´s Lex column said. Its stock was trading near its 2016 high on a price-to-earnings multiple of close to 25. The real estate firm not only owns its properties,

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10 Aug 2016 11:44

Numis downgrades Regus, says shares 'up with events'

(ShareCast News) - Regus slumped on Wednesday, suffering a second day of losses as Numis downgraded its stance on the stock to 'hold' from 'buy' following the company's first-half results, saying the shares are up with events. The FTSE 250 workspace provider said on Tuesday that first-half profit ro

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10 Aug 2016 11:05

LONDON MARKET MIDDAY: Stocks Consolidate Gains After Four-Day Rally

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10 Aug 2016 08:35

BROKER RATINGS SUMMARY: Panmure Raises RSA Insurance To Buy From Hold

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9 Aug 2016 09:43

WINNERS & LOSERS SUMMARY: Worldpay Bid Up After Strong First Half

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12 Jul 2016 02:39

WeWork CEO sees $1 billion revenue run-rate in 2017

ASPEN, Colo., July 11 (Reuters) - The chief executive of WeWork said on Monday that the co-working office space provider would hit a revenue run-rate of $1 billion next year. WeWork, one of the biggest 'unicorns' - startups worth more than $1 billion - recently raised more than $400 million

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7 Jun 2016 15:07

DIRECTOR DEALINGS: Regus Non-Executive Director Buys Shares

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25 May 2016 12:04

RBC upgrades Regus after underperformance

(ShareCast News) - Flexible workspace solutions provider Regus got a boost on Wednesday as RBC Capital Markets upped the stock to 'outperform' from 'sector perform' and lifted the price target to 400p from 300p. The Canadian bank said the stock's recent underperformance was a good buying opportunity

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25 May 2016 08:11

BUZZ-Regus: RBC upgrades after sell-off

** Office space supplier Regus +3.9%, among top FTSE 250 gainers in decent volume ** RBC Capital Markets - rated at 5 stars for recommendation accuracy on Regus, per StarMine - upgrades stock to "outperform" v "sector perform" ** Cites co's unrivaled market position, significant expan

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