22nd Oct 2015 16:09
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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Whitbread said Christopher Rogers, managing director of its Costa Coffee business, sold 25,751 shares at a price of 4,846.05p per share on Wednesday.
The deal is worth about GBP1.2 million before expenses.
Whitbread on Tuesday said its pretax profit increased in the first half on higher sales and said its would hike its interim dividend, as it remains on track to meet its growth plans.
Following this transaction, Rogers holds 75,000 shares.
The stock closed flat at 4,844.86p Thursday.
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FTSE 100-listed distribution and outsourcing company Bunzl said Non-Executive Director Vanda Murray bought 3,000 shares at a price of 1,799p per share on Wednesday. The purchase is her only holding after being appointed in February.
Bunzl on Wednesday said it expects to complete a number of further acquisitions during the remainder of the year and said it has acquired Canada's Planet Clean Inc, as its performance remained "consistent with expectations" it gave with its interim results in August.
The stock closed up 0.8% at 1,813.03p Thursday.
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Business software company Microgen said Ivan Martin bought 200,000 shares at a price of 100p per share on Thursday, his only holding in the business. Microgen said on Thursday that Martin will be joining the company in January 2016 as non-executive director and chairman designate before assuming the role of non-executive chairman after the release of the 2015 results. Martin is Non-Executive Chairman of IT services provider FDM Group. The stock closed down 2.0% at 100.00p Thursday.
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Video game retailer GAME Digital said Chief Executive Officer Martyn Gibbs bought 15,000 shares at a price of 200.6p per share on Wednesday. Following this transaction, Gibbs holds 1.5 million shares, which represents 0.86% stake in the firm. The company also said Chief Financial Officer Mark Gifford bought 10,000 shares at the same price. The purchase is his only holding after being appointed in May. Gifford was previously chief financial officer at UK department store chain House of Fraser. The stock closed down 0.3% at 199.25p Thursday.
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Development Securities said Finance Director Marcus Shepherd bought 41,884 shares at GBP2.3875 each on Wednesday. After the transaction, Shepperd holds 110,666 shares. The company also said Deputy Chief Executive Richard Upton bought 15,000 shares at GBP2.49 each and now holds 2.8 million shares, equaling a 2.23% stake. In addition Lucy Weiner, a connected person to Chief Executive Officer Matthew Weiner, also bought 15,000 shares at 243.75p each Wednesday.
Development Securities said Wednesday that it is on track to meet its full-year targets, as it reported a fall in pretax profit for its first half. The property investment and development company reported a pretax profit of GBP7.0 million for the half year to end-August, more than halved from GBP18.0 million a year before, as revenue fell to GBP75.6 million from GBP92.4 million.
The stock closed up 3.2% at 249.75p Thursday.
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Transense Technologies said Non-Executive Deputy Chairman Nigel Rogers bought 1 million shares on Wednesday. The shares were purchased at a price of 1.4p each with 500,000 to be held by Rogers and 500,000 to be held by his wife. Following this transaction, the beneficial holding of Nigel Rogers totals 3 million shares representing approximately 0.6 % of the issued share capital.
Transense, which provides transportation sensor systems, said Wednesday it agreed to sell its loss-making IntelliSAW division to US manufacturer Emerson Electric Co for USD5 million. Transense also will get a one-off licence fee for the exclusive use for intellectual property related to the IntelliSAW business. The total sum payable to Transense net of all costs in sterling will be GBP2.9 million, it said.
The stock closed up 6.5% at 1.65p Thursday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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