- Metro Bank director buys shares
- Liontrust finance head buys shares
- Beeks chief executive trims holding
Cristina Ochoa, non-executive director of high street lender Metro Bank (MTRO), bought 155,723 shares at 90p for a total value of £139,646 on 19 November.
Year-to-date the high street lender’s shares have risen a stellar 152%.
Ochoa’s move comes at a tough time for the UK challenger bank after it was fined nearly £17 million earlier this month for failure to monitor potential money laundering.
LIONTRUST DIRECTOR SHOWS FAITH
Vinay Abrol, chief financial officer of fund manager Liontrust Asset Management (LIO), bought 50,000 shares at 454p for a total value of £227,000 on 21 November.
Abrol’s purchase comes after the firm reported a 28% fall in adjusted pre-tax profit to £25.8 million for the six months ending 30 September.
The fund manager also said it was going to reduce staff headcount by 12% as part of cost-cutting plans.
Over the past year Liontrust’s shares have fallen 13%.
BEEKS CHIEF EXECUTIVE LIGHTENS UP
Gordon McArthur, chief executive of Beeks Financial Cloud (BKS:AIM), sold 300,000 shares in the financial trading software firm at a price of roughly 260p per share last week.
The sale, which netted McArthur around £780,000, was for personal reasons according to the firm, and leaves him with a still-substantial 32 per cent stake in the business.
Beeks shares have gained 150% this year after the firm posted a 27% increase in revenue for the first half and analysts are expecting sales growth to accelerate further next year.
