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Kate Bostock ditches M&S shares ahead of departure

Mon, 17th Sep 2012 16:11

Marks & Spencer's departing Head of Clothing Kate Bostock has taken advantage of recent bid speculation to sell shares in the company at 371.60p on Friday. In recent weeks there has been on-going speculation that private equity titan CVC Capital Partners is considering a takeover offer for the High Street group. It is thought that CVC is looking at a bid and has approached executives both inside and outside the firm "about a possible management role under private equity control," according to Bloomberg which has spoken to unnamed sources close the matter. Bostock, who is leaving the company by mutual consent on October 1st to pursue other interests, disposed of 249,627 shares for a total of £927,614, reducing her stake in the company to just 64,526 shares. Randgold Resources' Chief Financial Officer and Financial Director, Graham Shuttleworth, traded in a bunch of shares in the mining company on Friday, the same day broker Nomura said it sees better value elsewhere, rating it as 'reduce' with a price target of 6,815p. Shuttleworth sold 9,000 at 7,485.00p for a total of £673,650, lowering his shareholding to 39,938, or 0.04% of the issued share capital.Top Director BuysRuspetro (RPO) Director name: Mr Robert JenkinsAmount purchased: 50,000 @ 112.00p Value: £56,000Murray Income Trust (MUT) Director name: Ms Jean ParkAmount purchased: 3,000 @ 684.60p Value: £20,538Redhall Group (RHL) Director name: Mr Richard Shuttleworth Amount purchased: 30,000 @ 63.60p Value: £19,080Westhouse Holdings (WHL) Director name: Mr Garth MilneAmount purchased: 75,000 @ 16.00p Value: £12,000Allanfield Group (ALF) Director name: Mr Darryl NoikAmount purchased: 15,000 @ 70.00p Value: £10,500Top Director SellsJardine Matheson Holdings Ltd (Singapore) (JAR) Director name: Mr Peter James Holland RileyAmount sold: 50,000 @ $54.41 Value: $2,720,675Marks & Spencer Group (MKS) Director name: Mrs Kate BostockAmount sold: 249,627 @ 371.60p Value: £927,614Randgold Resources Ltd. (RRS) Director name: Mr Graham ShuttleworthAmount sold: 9,000 @ 7,485.00p Value: £673,650Premier Oil (PMO) Director name: Mr Robin AllanAmount sold: 149,303 @ 383.20p Value: £572,129UBM (UBM) Director name: Mr Robert Gray Amount sold: 29,026 @ 721.82p Value: £209,515
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7 Jun 2012 07:54

Redhall names Shuttleworth CEO

Specialist engineering support services group Redhall has appointed Richard Shuttleworth as chief executive officer with effect from 1 September 2012. Shuttleworth, 51, is currently a director of RPS Commercial Services and has previously been a director at Cape Industrial Services and commercial d

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8 Dec 2011 09:11

Redhall hit by legal fight but says future bright

Redhall, the engineering support services group, saw full year profits plunge but in line with expectations. Adjusted pre-tax profits for the year to the end of September were £3.9m, a 45% fall on £7.0m the firm made in 2010. However, exceptional items worth over £11m saw profits fall £8m into the

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1 Aug 2011 15:52

Redhall wins dispute with Vivergo Fuels

Redhall Engineering Solutions has won its case against Vivergo after it was determined by an adjudicator that Vivergo Fuels, a joint venture between BP, British Sugar and DuPont, had unlawfully attempted to terminate its contract with the company. Engineering support services group Redhall went h

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3 Jun 2011 06:35

Friday tips round-up: Johnson Matthey, Impax, Kingfisher

Johnson Matthey, originally in precious metals such as platinum and palladium, still refines and distributes these. But it also puts them into technologies that are used to reduce pollution, such as autocatalysts in cars and devices to cut emissions from power plants. Shares in Johnson Matthey, whic

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2 Jun 2011 12:00

London midday: Stocks stuck lower after slide

Shares remain firmly in the red following this morning's slide. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the year before. The numb

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2 Jun 2011 08:22

London open: Slide continues after US slump

Stocks have resumed yesterday's slide following a tumble on Wall Street last night. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the ye

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2 Jun 2011 07:59

Redhall hurt by Vivergo loss

Engineering support services group Redhall reported a weak set of first half figures following the loss of the Vivergo contract but it expects trading in the second half and beyond to be much improved. The niche engineer said adjusted pre-tax profit fell 70% at £1m during the six months ended 31 Ma

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2 Feb 2011 10:37

Redhall hit by severe weather

Shares in Redhall fell after the niche engineer said trading has been slower than anticipated partly due to bad weather and announced that its chief executive is stepping down. The company, which provides services for the defence and energy sectors, said: "Trading in the first quarter of the curren

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19 Dec 2010 11:38

Sunday tips round-up: Redhall, Portmeirion...

Support services specialist Redhall focuses on three areas - defence, energy and food processing. In defence, it is a key player in the Astute submarine project, the Royal Navy's ultrasophisticated new fleet. Redhall is a solid, well-run company and it is poised to grow as the economy becomes stron

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2 Dec 2010 14:29

Sector movers: Petards CCTV deal boosts support services

The support services sector is going well today with the surveillance systems group Petards the best performer after announcing that its CCTV systems will be installed on southeast trains. Elsewhere in the sector, engineering support services group Redhall is wanted after its full year results. Pro

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2 Dec 2010 08:46

Restructuring costs dent profits at Redhall

Engineering support services group Redhall said annual profit slipped after substantial rebranding costs. Chairman David Jackson said he was pleased with the group's performance in difficult market conditions. Demand from the oil and gas was satisfactory while Defence traded exceptionally well wit

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7 Oct 2010 15:55

Redhall admits defeat on Mount bid

AIM-quoted engineer Redhall has withdrawn from the bid battle for Mount Engineering after the engineering company recommended Cooper Industries' rival 82p a share bid. Cooper announced its bid, which values Mount at £19.2m, on 1 October. It is significantly higher than Redhall's bid of 70p a share

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1 Oct 2010 16:41

London close: Strong start to final quarter

The last quarter of 2010 started well for London's leading share index, with buoyancy in the oil sector helping to offset continuing economic worries at home and abroad. Manufacturing data was subdued. Footsie gave up some of its early gains after figures from the US showed Manufacturing grew at th

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1 Oct 2010 14:56

London afternoon: Footsie back above 5600

The afternoon session has seen the Footsie advance confidently, almost regaining its high for the day which was hit shortly after 10:00am. A solid start by Wall Street on the back of better than expected spending data has helped sentiment this side of the pond. Oil giant BP is higher amid speculat

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1 Oct 2010 12:23

London midday: Stocks advance despite economic worries

London's leading share index remains in positive territory, but worries over the European debt situation have weighed on sentiment slightly. The concerns centre on Ireland again, after figures showed manufacturing activity in the country contracted in September, with the purchasing managers' index

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