SHAW.L Share News (SHAW)

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.
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Shawbrook Group said a group of executives bought shares, as the lender reported that trading was in line with its expectations in 2016 so far, but that it will book an impairment charge due to irregularities uncovered in its Asset Finance unit.

Simon Featherstone, managing director for its business finance division, bought 26,150 shares at 153 pence each. The purchase is his only holding.

Karen George, a connected person to Philip George, managing director for business development, bought 50,000 shares at 140p each. Philip George now is interested in 92,198 shares.

Dylan Minto, director for corporate strategy, bought 40,000 shares at 145p each and now holds 305,258 shares.

General Counsel Daniel Rushbrook bought 10,000 shares at 139p each and holds 110,398 shares

All purchases took place on Tuesday.

The FTSE 250 bank said loan originations in the second quarter of 2016 were flat against the first quarter and were up 35% year-on-year, in line with its guidance.

But it will book a GBP9.0 million impairment charge in the second quarter on the Asset Finance unit of its Business Finance arm, due to irregularities found in one office. These irregularities have been rectified and were a result of a number of loans being underwritten in the asset finance unit which did not meet its lending criteria, Shawbrook said.

The control breach, Shawbrook said, was identified by the company's upgraded risk management system, and it is confident the new system will prevent any further issues like this occurring.

Shawbrook also said it had accepted the resignation of Tom Wood as its chief financial officer. Dylan Minto, currently director of strategy, will step in as interim CFO.

The stock closed down 14% at 140.00p Tuesday.

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Lloyds Banking Group said Chief Executive Officer António Horta-Osório bought 100,000 shares at a price of 54.20 pence per share Tuesday.

The stock closed up 5.8% at 54.13p Tuesday.
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FTSE 100 housebuilder Berkeley Group Holdings said Chairman Anthony Pidgley bought 35,061 shares at a price of GBP22.69 each, in a deal worth about GBP796,000.

Following this transaction, Pidgley now holds 6.5 million shares, which equals a 4.7006% stake in the group.

The company also said the wife of Non-Executive Director Glyn Barker bought 3,000 shares at GBP22.40 each. The purchase takes Glyn Barker's holding to 15,042 shares.

Both purchases took place on Monday.

The stock closed up 0.5% at 2,353.23 pence Tuesday but remain down 28% since the close last Thursday as all housebuilder stocks were hit by the UK vote to leave the European Union.
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Kingfisher said Daniel Goss-Custard, husband of Non-Executive Director Rakhi Goss-Custard, bought 6,124 shares at a price of 334.7 pence per share on Monday. Rakhi Goss-Custard's total shareholding in Kingfisher was undisclosed. Shares in the parent company of DIY retailer B&Q were up 0.2% at 315.37p Tuesday.
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Intu Properties said Daniel Goss-Custard, the spouse of Non-Executive Director Rakhi Goss-Custard, bought 7,383 shares at a price of GBP2.77637 each on Friday. Following this transaction, the Goss-Custards now hold 7,383 Intu shares. Shares in the Lakeside shopping mall owner closed up 4.2% at 266.32p Tuesday.
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Babcock International Group said Non-Executive Director Myles Lee bought 3,000 shares at a price of 868.7 pence per share Monday. Following this transaction, Lee now holds 5,000 shares. Shares in the engineering support services company closed up 1.4% at 882.00p Tuesday.
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Royal Mail said Chief Executive Officer Moya Greene bought 5,074 shares at a price of 489 pence per share Tuesday. Greene now holds 8,936 shares. The stock closed up 2.0% at 479.27p Tuesday.
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Balfour Beatty said the wife of Chief Executive Leo Quinn bought 104,225 shares at a price of 191.8921 pence per share on Monday. Following this transaction, worth GBP200,000, Quinn now holds 485,775, or a 0.70% stake in the construction company. The stock closed up 6.6% at 203.30p Tuesday.
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ICAP said Founder and Chief Executive Michael Spencer acquired 100,000 shares via a contract of difference at a price of GBP3.9250 per share Monday. Following this transaction, Spencer has a total interest in of 109.9 million shares, or 16.87% of the interdealer broker. The stock closed up 6.5% at 417.67p Tuesday.
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Derwent London said Finance Director Damian Wisniewski bought 4,256 shares at a price of GBP23.493 per share on Tuesday. Following this transaction, Wisniewski now holds 28,067 shares, which represents a 0.025% stake in the property company. The stock closed up 6.3% at 2,400.00p Tuesday.
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Tate & Lyle said Non-Executive Director Sybella Stanley bought 4,983 shares at a price of 626.78 pence per share last Thursday. The purchase is Stanley's only holding in the food ingredients and Splenda sweetener maker. The stock closed up 2.1% at 639.50p Tuesday.
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Virgin Money Holdings said Chairman Glen Moreno bought 46,164 shares at a price of 215 pence per share on Tuesday. The company also said Non-Executive Director Colin Keogh bought 20,000 shares at GBP2.004314 each on Monday. Shares in the lender closed up 3.6% at 212.68p Tuesday.
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Galliford Try said Chairman Greg Fitzgerald bought GBP695,000 worth of shares in the housebuilding and construction company on Monday. Fitzgerald bought 79,500 shares at 873.62 pence each, taking his shareholding to 806,146 shares. The company also said Non-Executive Director Gavin Slark bought 1,200 shares at 893p each on Tuesday, which is his only holding. The stock closed up 4.8% at 889.50p Tuesday
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TT Electronics said Non-Executive Director Jack Boyer acquired 9,065 shares at a price of 126.75 pence per share on Monday. The company said Boyer also bought 31,435 shares at 122p each on Friday. After the purchases, Boyer holds 40,500 shares, or a 0.024% stake. The stock closed up 2.5% at 125.10p Tuesday.
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MJ Gleeson said Carol Harrison, wife of Chief Executive Officer Jolyon Harrison, bought 3,000 shares at a price of 415 pence per share on Tuesday. Following this transaction, Jolyon Harrison holds a beneficial interest in 1.7 million shares, or a 3.2% stake in the group. The stock closed up 1.5% at 402.58p Tuesday.
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Immunodiagnostic Systems Holdings said Chief Executive Officer Patricio Lacalle bought 17,258 shares at a price of EUR1.662 each on Monday and Friday. The purchase is Lacalle's only holding in the testing services and medical diagnostic products provider, having joined the company in April 2015. The stock closed up 2.3% at 134.0p Tuesday.
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Property regeneration company Harworth Group said Chief Executive Officer Owen Michaelson bought 18,343 shares at a price of 84.5 pence per share on Monday. Following this transaction, Michaelson now holds 125,411 shares. The stock closed down 3.0% at 80.00p Tuesday.
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Fidelity European Values said Chairman Vivian Bazalgette bought 10,000 shares at a price of 154.8 pence per share on Tuesday. Following this transaction, Bazalgette now holds 30,000 shares in the investment company. The stock closed up 2.6% at 155.10p Tuesday.
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Insurer Saga said Non-Executive Director Orna NiChionna bought 15,961 shares at a price of 187.9522 pence per share Tuesday. The stock closed up 3.8% at 187.520p Tuesday.
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Polypipe Group said Non-Executive Director Mark Hammond bought 15,000 shares at a price of 261 pence per share Tuesday. The purchase is Hammond's only holding in the piping systems company. The stock closed up 0.5% at 253.50p Tuesday.
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Baron Oil said Non-Executive Director Malcolm Butler bought 1 million shares at a price of 0.51 pence per share on Tuesday. The purchase is Butler's only holding in the oil and gas company. The stock closed down 5.3% at 0.450p Tuesday.
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Card Factory said Chief Executive Officer Karen Hubbard bought 32,197 shares at a price of 310.6p per share on Monday. Hubbard's total shareholding was undisclosed. The stock closed up 3.3% at 320.20p Tuesday.
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JRP Group said Chief Executive Officer Rodney Cook bought 100,000 shares in the annuities provider. Cook bought 50,000 shares at 104 pence each and 50,000 shares at 99p each on Tuesday. He now holds 2.9 million shares. The stock closed up 7.9% at 103.60p Tuesday.
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Georgia Healthcare Group said George Arveladze, deputy CEO of its ambulatory and pharmaceutical business, bought 10,000 shares at a price of GBP2.849329 per share Monday. The purchase is Arveladze's only holding in the Georgian healthcare services provider. The stock closed flat at 290.00p Tuesday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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