24th Feb 2016 11:41
LONDON (Alliance News) - Rathbone Brothers PLC said Rupert Baron, an investment director, sold 5,000 shares at a price of 2,300 pence per share on Wednesday.
The deal is worth GBP115,000 before expenses.
Following the sale, Baron holds 88,032 shares.
The investment and wealth management group on Wednesday said pretax profit pushed higher in 2015 as it continued to grow assets under management despite difficult equity market conditions.
Rathbone said pretax profit for the year hit GBP58.6 million, up 28% on the GBP45.7 million it posted in 2014. Net fee and commission income for the year rose to GBP214.6 million from GBP187.5 million.
The stock was down 2.8% at 2,239.00p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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