Director dealings: Rathbones leaders purchase shares amid FCA‑related review

16th Jun 2026 16:03

(Sharecast News) - Rathbones Group revealed on Tuesday that chairman Clive Bannister and chief executive Jonathan Sorrell had both spent roughly £250,000 on shares in the FTSE 250-listed investment and wealth manager.

Sorrell acquired 15,320 shares at an average price of 1,630p each, for a total value of £249,715.99, while Bannister snapped up 15,300 shares at an average price of 1,638p each, for a total value of £250,613.99.

Rathbones shares were in free fall on Tuesday after it said a skilled person review following engagement with the Financial Conduct Authority had identified areas for improvement in its UK Wealth Management business, including the implementation and embedding of Consumer Duty and aspects of compliance, oversight and assurance.

As of 1600 BST, Rathbones shares had sunk 16.39% to 1,632p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Rathbones Group (RAT)

Director name: Bannister,Clive

Amount purchased: 15,300 @ 1,638.00p

Value: £250,613.99

Rathbones Group (RAT)

Director name: Sorrell ,Jonathan

Amount purchased: 15,320 @ 1,630.00p

Value: £249,715.99

Metlen Energy & Metals (MTLN)

Director name: Mytilineos,Evangelos

Amount purchased: 5,000 @ 42.33

Value: 211,626.00

B&m European Value Retail (BME)

Director name: Pritchard,Peter

Amount purchased: 53,016 @ 192.39p

Value: £101,999.08

Dr. Martens (DOCS)

Director name: Nwokori,Ije

Amount purchased: 112,500 @ 76.10p

Value: £85,612.50

Halma (HLMA)

Director name: Nebhrajani,Sharmila

Amount purchased: 248 @ 4,063.00p

Value: £10,076.24

Ecofin Global Utilities And Infrastructure Trust (EGL)

Director name: Nicklin ,Susannah

Amount purchased: 3,650 @ 272.36p

Value: £9,941.14

Top Director Sells

Wpp (WPP)

Director name: Rose ,Cindy

Amount sold: 88,227 @ 281.60p

Value: £248,447.23