Hunting Chairman reduces family trust holding

21st Oct 2013 16:11

Richard Hunting, the non-Executive Chairman of FTSE 250-listed energy services provider Hunting, has reduced the Hunting Family Trusts' stake in the company. Some 35,796 shares were disposed of for an average price of 857.8p a share, raising £307,058.Richard, who is a trustee of the Hunting Family Trusts, continued to hold a beneficial interest of 463,306 shares. At the end of August the group issued a statement saying subdued rig activity levels in Canada and excess inventories held by customers had hurt half-year underlying profit, but said it was confident in the longer term outlook for the industry.The British-based supplier to the oil and gas industry said underlying profit from operations fell 5.4% to £61.2m for the six months to June 30th 2013. Pre-tax profit from continuing operations rose to £38.9m from £37.2m the year before. Revenue increased 4.3% to £424.4m. Top Director BuysNorcon (NCON) Director name: Mr Jørn Arve LongemAmount purchased: 1,641,600 @ 16.25p Value: £266,760Blackstar Group SE (DI) (BLCK) Director name: Mr Andrew BonamourAmount purchased: 300,000 @ 75.00p Value: £225,000@UK (ATUK) Director name: Mr Patrick Broughton Amount purchased: 90,909 @ 33.00p Value: £30,000Melrose Industries (MRO) Director name: Ms Liz HewittAmount purchased: 6,550 @ 304.95p Value: £19,974Top Director SellsAshmore Group (ASHM) Director name: Mr Graeme John DellAmount sold: 733,547 @ 397.19p Value: £2,913,575Dairy Farm International Holdings Ltd. (Singapore) (DFI) Director name: Mr Michael KokAmount sold: 9,000 @ $11.02 Value: $99,225Kingspan Group (KGP) Director name: Mr Lorcan DowdAmount sold: 2,672 @ € 12.30 Value: € 32,866NR