- Rathbones director sells shares
- Standard Chartered director cashes in
- Everyman CEO raises stake
Sarah Owen-Jones, chief risk officer at wealth management group Rathbones (RAT), sold 13,000 shares at £15.90 for a total value of £206,700 on 8 May.
Meanwhile, non-executive director Dharmish Mistry bought 2,500 shares at £16.05 for a total value of £40,125 on the same date.
Over the past year the wealth management group shares’ have fallen 9%.
Rathbones recently reported a 4.7% fall in FUMA (funds under management) to £104.1 billion for the three months ending 31 March.
The company attributed the decline to market volatility and its clients pulling cash from single-strategy and multi-asset funds.
STANDARD CHARTERED DIRECTOR SELLS £145,136 SHARES
Darrell Ryman, interim group chief operating officer of emerging markets focused bank Standard Chartered (STAN), sold 13,624 shares at £10.65 for a total value of £145,136 on 6 May.
Over the past month the bank’s shares have gained 11% in a ‘relief rally’ after tensions began to ease between US and China over trade tariffs.
Standard Chartered shares have gained 45% over the past year and the bank recently posted an upbeat first-quarter trading statement.
The better-than-expected performance was driven by growth in the bank’s wealth management and global markets businesses.
EVERYMAN DIRECTOR INCREASES STAKE
Alex Scrimgeour, chief executive of upmarket cinema operator Everyman Media (EMAN), bought 75,056 shares at 40p for a total value of £30,022 on 8 May.
Following this purchase, Scrimgeour has a total beneficial interest in 382,708 ordinary shares, representing 0.42% of the company's shares in issue.
Year-to-date the company’s share have fallen 24% and Scrimgeour could be taking advantage of the discounted share price.
In mid-April Everyman reported flat year-on-year adjusted EBITDA (earnings before interest taxation depreciation and amortisation) of £16.2 million.
