IN BRIEF: Mothercare chair and CFO buy GBP470,000 in shares

Mothercare PLC - Watford, England-based retailer which specialises in products for newborn babies and children - Chair Clive Whiley buys 42.0 million shares at 1.0 pence, worth GBP420,000. Chief Financial Officer Andy Cook buys 5.0 million shares at the same price, worth GBP50,000. Both on Tuesday.

Mothercare earlier Tuesday said its pretax loss narrowed to GBP1.4 million in the 26 weeks to September 27 from GBP1.8 million a year prior. Turnover dropped markedly to GBP11.6 million from GBP21.0 million, as franchise partner sales declined, but the bottom line benefited from reduced administrative expenses which fell to GBP5.6 million from GBP7.3 million.

Current stock price: 2.44 pence, up 11% in London on Wednesday

12-month change: down 41%

By Tom Waite, Alliance News editor

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