25th Sep 2015 16:14
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Smiths Group said Chairman George Buckley bought 5,000 shares at a price of USD15.87 per share Thursday, a day after the company reported its full-year financial results. The purchase is his only holding.
Smiths Group on Wednesday said an improvement in margins helped its profit to edge higher in the year to the end of July, despite revenue falling.
The company, which has operations spanning energy services, medical devices and security sensors, said its pretax profit for the year was up to GBP459.0 million from GBP445.0 million a year earlier. The increase in profit was driven by a better operating margin in the year, up to 17.6% from 17.1%, which offset a 2% decline in revenue to GBP2.90 billion from GBP2.95 billion.
The stock closed up 2.2% at 996.20p Friday.
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London Capital Group Holdings said Chief Executive Officer Charles-Henri Sabet bought 800,000 shares at a price of 15 pence per share Thursday, the same day the spread betting firm posted a large loss. Following this transaction, Sabet holds 7.8 million shares, which represents a 10.39% stake. On Thursday, London Capital said its pretax loss ballooned and its revenue dropped heavily following a major restructuring which resulted in a loss of foreign exchange customers. Shares in the online provider of spread betting and contracts-for-difference closed up 5.2% at 15.25p Friday.
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Brewin Dolphin Holdings said Chairman Simon Miller bought 5,000 shares at a price of GBP2.7325 per share Friday. Following this transaction, Miller holds 65,000 shares in the wealth manager. The stock closed up 0.1% at 271.75p Friday.
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TR Property Investment Trust said Non-Executive Director John Glen bought 3,383 shares at a price of GBP2.93693 per share Thursday. Following this transaction, Glen now has an interest in 3,383 shares. The stock closed up 1.4% at 296.00p Friday.
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RapidCloud International said Chairman David Cotterell bought 20,000 shares at a price of 31 pence per share Friday. Following this transaction, Cotterell holds 166,295 shares, representing 0.77% stake in the firm. RapidCloud on Thursday expressed confidence in meeting market expectations for its current financial year, as it reported a fall in pretax profit for its first half. Shares in the software solutions provider closed up 8.2% at 31.92p Friday.
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AfriAg said Chairman David Lenigas bought 10 million shares at a price of 0.4 pence per share Thursday. Following this transaction, Lenigas holds 116 million shares, which represents 8.4% of AfriAg's issued share capital. The stock closed up 6.6% at 0.437p Friday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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