5th May 2016 16:13
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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RSA Insurance Group said Chief Executive Officer Stephen Hester spent GBP479,850 on shares, as the FTSE 100 insurer reported strong trading for the first quarter.
Hester bought 100,000 shares at 479.85 pence per share on Thursday. His subsequent total shareholding was undisclosed.
RSA said Thursday it saw good underwriting results in the first quarter driving up operating profit, as it benefited from benign weather conditions and as underlying results continued to indicate an improving picture.
The group said insurance market conditions in the first quarter, to the end of March, were broadly unchanged against the same period in 2015. Slow growth in the market and strong competition has driven sharp price-volume trade-offs, the group said, in line with its expectations.
Group net written premiums in the quarter were flat year-on-year, reflecting the impact of the disposal of non-core operations RSA has undertaken.
The stock closed up 2.2% at 479.86p Thursday.
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Lloyds Banking Group said Chairman Norman Blackwell bought 50,000 shares at 64.89p per share on Thursday. Blackwell's total shareholding was undisclosed. The stock closed down 1.1% at 64.08p Thursday.
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HSBC Holdings said Samir Assaf, chief executive of its global banking and markets arm, sold 76,854 shares at 438.20p per share on Wednesday. Assaf's total shareholding was undisclosed. The stock closed up 0.4% at 438.45p Thursday.
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Frenkel Topping Group said a company whose largest shareholder is Chief Investment Officer Jason Granite bought just shy of 1.6 million shares in the AIM-listed independent financial adviser and asset manager.
FCFM Group bought the shares at 45 pence each, Frenkel Topping said in a statement.
Of the 1.6 million shares bought by Frenkel Topping, 582,156 were sold by Liberty SIPP Ltd, a company of which Frenkel Topping Chief Financial Officer Julie Dean is a director. Another 500,000 shares were sold by Ian Currie, a major shareholder in Frenkel Topping and the majority shareholder of Liberty SIPP.
Jason Granite now has an interest in 11.8 million Frenkel Topping shares, a 15.83% stake, while Dean has an interest in 1.3 million shares for a 1.73% stake.
Ian Currie now has an interest in 5.0 million shares, equivalent to 6.76% of Frenkel Topping.
On March 31, Granite bought 227,272 of the 454,544 shares sold by Chief Executive Officer Richard Fraser that day, at 55p per share, according to a previous announcement by Frenkel Topping.
Shares in Frenkel Topping closed down 10% at 45.75p on Thursday.
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Alliance Pharma said Non-Executive Director David Cook bought 54,492 shares at 46.54p per share on Tuesday. The company also said Cook's wife bought 47,879 shares on the same date at 46.52p per share. The purchases make up David Cook's entire holding. The stock closed flat at 43.50p Thursday.
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BlackRock Smaller Companies Trust said Non-Executive Director Caroline Burton bought 1,000 shares at 908p each on Thursday. She now holds 5,500 shares. The stock closed down 0.7% at 898.00p Thursday.
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Havelock Europa said its former chief executive and incoming Non-Executive Director Hew Balfour bought 70,000 shares at 13.875p per share on Wednesday. The purchase is Balfour's only holding. Balfour served as chief executive of the company between 1989 and 2010, and he is currently a non-executive director of freight and shipping company SAS Holdings, electricity utility company Ebico and music festival organiser The Royal Edinburgh Military Tattoo. Balfour will replace Alastair Kerr, who joined the board in September 2012 and will stand down at the company's annual general meeting in June, Havelock said. Shares in the interior designer closed up 5.7% at 14.00p Thursday.
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Lighting manufacturer ProPhotonix said Chief Executive Officer Tim Losik bought 54,992 shares at a price of USD0.04 per share Tuesday. Following the purchase, Losik's holding amounts to 452,192 shares, equal to 0.54% stake in the group. The stock was untraded Thursday, having closed at 2.50p.
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Thalassa Holdings said Chairman Duncan Soukup bought 25,000 shares at a price of 44p per share on Wednesday. Following the purchase, Soukup holds 3.6 million shares, which represents 15.1% of Thalassa's total voting rights. Shares in the geophysical project management group closed up 2.3% at 44.99p Thursday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
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