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IN BRIEF: Dowlais execs buy GBP300,000 in shares after guidance cut

14th Aug 2024 10:02

Dowlais Group PLC - London-based specialist engineering group focused on the automotive sector - Chief Executive Officer Liam Butterworth buys 415,133 shares at 59.77 pence, worth GBP248,125, on Tuesday. Chief Financial Officer Roberto Fioroni, buys 83,925 shares at 59.13p, worth GBP49,625, also on Tuesday.

Dowlais shares closed down 4.1% on Tuesday after reporting a 10% decline in revenue in the first half of 2024 and lowering its full-year guidance, amid downturn a in the automotive industry.

Current stock price: 61.70p, up 5.1% on Wednesday morning in London

12-month change: down 47%

By Emma Curzon, Alliance News reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.


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Dowlais
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Value8,809.74
Change53.53