29th Mar 2016 15:24
LONDON (Alliance News) - Standard Chartered PLC on Tuesday said Finance Director Andy Halford increased his stake in the Asia-focused bank, spending GBP616,644 on buying shares.
Halford bought 140,000 shares at 440.46 pence per share, Standard Chartered said in a stock exchange filing on Tuesday.
The shares were acquired on Thursday last week. Halford now owns 341,794 shares in the lender, a 0.010% stake.
In February, Standard Chartered reported its first annual loss since 1989, with revenue coming under pressure amid a costly restructuring, volatile Chinese equity markets and depressed commodities prices.
Shares in Standard Chartered were down 0.7% at 437.50p on Tuesday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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