4th Mar 2015 11:05
LONDON (Alliance News) - Melrose Industries PLC Wednesday said Non-Executive Director Liz Hewitt bought 17,700 shares at a price of 281.9 pence per share.
Following this transaction, Hewitt holds an interest in 23,782 shares, representing 0.002% of the issued share capital
Earlier Wednesday, Melrose Industries reported a fall in pretax profit in 2014 as sterling strength exacerbated a fall in revenue for the manufacturing investment company. Pretax profit fell to GBP128.9 million from GBP144 million, held back significantly by the strength of sterling as pretax profit with currency effects stripped out rose 21%.
The stock was trading 4.4% lower at 283.60p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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