Directors dealings: Tate & Lyle chairman-designate's spouse buys in

13th Feb 2017 16:02

(ShareCast News) - Marian Murphy picked up 10,000 shares in food ingredients manufacturer Tate&Lyle on 10 February.The spouse of Dr. Gerry Murphy, Tate's chairman-designate, bought them at an individual price of 716.86p, the company said in a statement.Dr. Murphy, who also chaired The Blackstone Group's principal European entity, was named to the post on 15 December 2016.The day before, Tate&Lyle told markets it expected full-year trading to be modestly ahead of its previous expectations after its solid performance over the latest three-month reporting period.In a trading statement for the three months to the end of December, Tate said the group continued to perform strongly, with profit in constant currency ahead of the comparative period in both divisions. Speciality Food Ingredients performed in line with expectations while profit from the Bulk Ingredients business was ahead of the company's expectations.That same day Numis analyst Charles Pick upgraded his recommendation on the shares from 'hold' to 'add' as he bumped up his target price on the stock from 812p to 833p."After the bumper interims on 3 November, the pointer then was to a more 'in line with management expectations' H2 result at constant fx. However, Q3 has in fact pleased on the upside tack so at constant fx FY 16/17 PBT will now be "modestly ahead" of prior expectations. As in H1, the 'beat factor' has arisen via the BI division (what cynics would see as lower quality growth) but given Tate & Lyle's CV any better than expected results are not to be scoffed at," Pick said.From a technical standpoint, stock in the London-based firm was changing hands modestly above its 200-day exponential moving average which was then at 686.0p.Top Director BuysTate & Lyle (TATE)Director name: Murphy,Gerry MAmount purchased: 10,000 @ 716.86pValue: £71,686.00Dunelm Group (DNLM)Director name: Sears,MarionAmount purchased: 3,687 @ 650.37pValue: £23,979.14Strategic Equity Capital (SEC)Director name: Locke,RichardAmount purchased: 10,000 @ 201.75pValue: £20,175.00Strategic Equity Capital (SEC)Director name: Barlow,J M WilliamAmount purchased: 10,000 @ 200.83pValue: £20,082.80Dunelm Group (DNLM)Director name: Reeve ,William Amount purchased: 2,000 @ 626.00pValue: £12,520.00Balfour Beatty (BBY)Director name: Doughty,Stuart JohnAmount purchased: 4,550 @ 271.20pValue: £12,339.60Pacific Assets Trust (PAC)Director name: Talbut,RobertAmount purchased: 4,882 @ 238.25pValue: £11,631.36Kromek Group (KMK)Director name: Kinet,Lawrence Henry NeilAmount purchased: 50,000 @ 22.90pValue: £11,450.00Charles Stanley Group (CAY)Director name: Coutts,Ben MoneyAmount purchased: 50 @ 305.25pValue: £152.63Lloyds Banking Group (LLOY)Director name: Horta-Osorio,AntonioAmount purchased: 228 @ 65.75pValue: £149.91Charles Stanley Group (CAY)Director name: Abberley,PaulAmount purchased: 49 @ 305.25pValue: £149.57Charles Stanley Group (CAY)Director name: Teper,GaryAmount purchased: 49 @ 305.25pValue: £149.57Lloyds Banking Group (LLOY)Director name: Culmer,GeorgeAmount purchased: 190 @ 65.75pValue: £124.93Lloyds Banking Group (LLOY)Director name: Colombás ,Juan Amount purchased: 190 @ 65.75pValue: £124.93Lloyds Banking Group (LLOY)Director name: Horta-Osorio,AntonioAmount purchased: 68 @ n/aValue: n/aLloyds Banking Group (LLOY)Director name: Culmer,GeorgeAmount purchased: 68 @ n/aValue: n/aLloyds Banking Group (LLOY)Director name: Colombás ,Juan Amount purchased: 68 @ n/aValue: n/aTop Director SellsSophos Group (SOPH)Director name: Bray,NickAmount sold: 46,209 @ 281.65pValue: £130,147.65