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DIRECTOR DEALINGS SUMMARY: Morrisons CFO Buys Amid Gloomy Results

Thu, 10th Sep 2015 16:22

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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Wm Morrison Supermarkets said Chief Financial Officer Trevor Strain bought 58,453 shares at a price of 169.8 pence per share. His total shareholding following Thursday's purchase was 97,794 shares.

Earlier Thursday, the grocer reported a sharp drop in profit in the first half of its financial year, as its revenue and like-for-like sales continued to decline in a deflationary UK food market and as it competes on price with other supermarkets and discounters Aldi and Lidl. Morrisons also announced the closure of 11 of its loss-making stores.

The stock closed down 2.8% at 170.90p, one of the worst performers in the FTSE 100 Thursday.
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Non-Executive Director Isabel Hudson increased her shareholdings in two FTSE 100 companies on Wednesday. Edinburgh-based savings and investments company Standard Life said Hudson bought 1,867 shares at a price of GBP4.256 per share. Following this transaction, she holds 5,067 shares in Standard Life. Standard Life closed down 1.2% at 413.77p Thursday.

Meanwhile, BT Group said Hudson bought 2,273 shares at a price of 437 pence share Wednesday. Following this transaction, she now holds 3,552 shares in BT. Shares in the communications group closed down 1.1% at 432.10p Thursday.
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Housebuilder Berkeley Group Holdings said the wife of Non-Executive Director Andy Myers bought 1,350 shares at a price of 3,457 pence per share on Thursday. Following this transaction, Myers holds a beneficial interest in 2,000 share. The stock closed up 0.1% at 3,480.24p Thursday.
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Fellow housebuilder Crest Nicholson Holdings said Helen Tinker, wife of Regeneration Chairman Chris Tinker, sold 200,000 shares at a price of 564.04 pence per share Wednesday. The deal is worth about GBP1.1 million gross. Following this transaction, the Tinkers holds 1.3 million shares, which represents 0.52% stake in the firm. The stock closed at 592.86 pence, up 2.6% Thursday.
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Consumer lender OneSavings Bank said Non-Executive Director Stephan Wilcke sold 699,711 shares at a price of 368 pence per share. The deal is worth about GBP2.6 million gross. Following this transaction, Wilcke is interested in 300,000 ordinary shares representing 0.12% of the ordinary shares in issue. The stock closed down 0.8% at 371.91p Thursday.
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PureTech Health said Non-Executive Director John LaMattina bought 5,492 shares in a deal worth GBP8,005 on Wednesday. The shares were bought at about GBP1.45 each. He also bought 11,000 shares on Tuesday. Following this transaction, LaMattina holds 1.4 million shares, which represents 0.60% stake in the firm. Shares in the research and development company closed down 0.2% at 145.75p Thursday.
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Exova Group said Hicham Abel, a regional manager, sold 30,000 shares at a price of 170 pence per share. He now holds 191,036 shares, which represents 0.076% of issued shares. Shares in the testing laboratory operator closed down 1.8% at 167.00p Thursday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2015 Alliance News Limited. All Rights Reserved.

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