DIRECTOR DEALINGS: Rathbones Chair & CEO pick up shares after warning
The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:
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Melrose Industries PLC - Birmingham, England-based aerospace and defence business - Chair Chris Grigg and spouse buy 20,000 shares at 472.19 pence on Tuesday in London. Worth total £94,438. Grigg and his wife now jointly hold 83,637 shares in Melrose.
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Rathbones Group PLC - London-based investment and wealth manager - Chief Executive Jonathan Sorrell buys 15,320 shares at £16.30 each on Tuesday, worth total £249,716. Further, Chair Clive Bannister buys 15,300 shares at £16.38 on Tuesday in London, worth total £250,614. Earlier Tuesday, Rathbones warned of a profit hit as it has voluntarily halted new inflows from some existing high-risk clients until they ‘meet certain requirements’. It outlined a series of moves after a skilled person review, which followed engagement with the UK Financial Conduct Authority and expects a £60 million profit hit over the next two years.
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B&M European Value Retail PLC - Jersey-based variety goods chain in the UK and France - Non-Executive Director Peter Pritchard, via A&P Holdings Ltd, buys 53,016 shares at 192.39p on Monday in London. Worth total £101,999.
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