14th Apr 2016 16:37
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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Tesco said Chairman John Allan increased his shareholding as the supermarket chain returned to profit on Wednesday.
Allan bought 15,000 shares at 188.73 pence per share and 100,000 medium term notes at 90.37p each on Wednesday.
The UK's biggest retailer has spent the past year trying to pick itself up following a devastating year before which saw it make a huge GBP6.33 billion pretax loss after booking a staggering GBP6.69 billion of impairments, writedowns and restructuring charges after admitting it had overstated profits in recent years by booking revenue too early.
In order to bounce back, Chief Executive Dave Lewis has embarked on a massive restructuring of Tesco since he took the helm from former CEO Philip Clarke in late 2014. On Wednesday, Tesco revealed a return to profit of GBP162.0 million in the year ended February 27, although the figure was considerably below the analyst consensus estimate of GBP447.0 million.
The stock closed down 1.9% at 177.62p Thursday.
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Bunzl said Human Resources Director Celia Baxter sold 38,000 shares at 2,088p each on Thursday. The sale leaves her with 111 shares. The stock closed up 0.5% at 2,087.00p Thursday.
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Premier Oil said Non-Executive Director Anne Marie Cannon bought 10,000 shares at a 51.93 pence per share Thursday. The purchase is Cannon's only holding in Premier Oil after being appointed in January. The oil and gas stock closed down 4.6% at 51.75p Thursday.
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Surface Transforms said Chairman David Bundred bought 20,000 shares at 18.14p each on Thursday. He now holds 733,341 shares, which equates to a 0.81% stake. In a separate statement the company also said Non-Executive Director Kevin D'Silva bought 10,875 shares at 18.41p each on Thursday. Following the purchase, D'Silva now holds 920,818 shares, equal to a 1.02% stake. The stock closed down 0.7% at 18.00p Thursday.
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Red Rock Resources said Chairman Andrew Bell bought a total of 1.3 million shares at a price of 0.6p per share Wednesday. Following the purchase, Bell now holds 7.1 million shares in total, which equals a 2.84% stake in the miner. The stock closed up 2.8% at 0.642p Thursday.
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Gamma Communications said Chief Executive Officer Bob Mortimer sold 718,000 shares at 425p each for tax purposes. The sale leaves him with 3.5 million shares, equal to a 3.42% stake. The stock closed up 0.9% at 435.25p Thursday.
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TyraTech Inc said Non-Executive Director Jim Hills bought 250,000 shares at 4.0p each on Tuesday. Following this transaction, Hills now holds 2.0 million shares, which equals a 0.55% stake in the life sciences technology company. The stock closed up 10% at 4.12p Thursday.
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4imprint Group said Corporate Service Director Andrew Scull sold 25,000 shares at 1,260 pence each on Wednesday. Following this sale, Scull holds 100,000 shares equal to a 0.35% stake. The stock closed up 2.2% at 1,288.00p Thursday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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