1st Dec 2015 15:29
LONDON (Alliance News) - Two board members of beverage company Stock Spirits Group PLC bought shares following a profit warning caused by a drop in sales in its Polish business.
The company said Chief Operating Officer Ian Croxford bought 100,000 shares at GBP1.035 each on Monday, while Agneta Maloney, the wife of Chairman David Maloney, bought 20,000 shares at GBP1.0562 each on Tuesday.
The Central Europe-focused drinks distributor had already lowered its 2015 earnings before interest, tax, depreciation and amortisation guidance in August to between EUR60 million and EUR68 million when it said it was suffering from aggressive competitor pricing and irregular buying patterns by customers in Poland.
Last Friday, it said a continuation of the challenging conditions has led it to further reduce its guidance to between EUR50 million and EUR54 billion.
The stock was up 4.0% at 104.00p Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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