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

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

Mon, 13 February 2017
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Directors dealings: Tate & Lyle chairman-designate's spouse buys in
Tate & Lyle Quote more

Price: 763.00

Chg: -5.00

Chg %: -0.65%

Date: 17:04

FTSE 250 Quote

Price: 19,678.82 Chg: 96.49 Chg %: 0.49% Date: 16:59

(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.

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Tate & Lyle (TATE)
Director name: Murphy,Gerry M
Amount purchased: 10,000 @ 716.86p
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Dunelm Group (DNLM)
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Strategic Equity Capital (SEC)
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Strategic Equity Capital (SEC)
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Dunelm Group (DNLM)
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Balfour Beatty (BBY)
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Pacific Assets Trust (PAC)
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Kromek Group (KMK)
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Charles Stanley Group (CAY)
Director name: Coutts,Ben Money
Amount purchased: 50 @ 305.25p
Value: £152.63

Lloyds Banking Group (LLOY)
Director name: Horta-Osorio,Antonio
Amount purchased: 228 @ 65.75p
Value: £149.91

Charles Stanley Group (CAY)
Director name: Abberley,Paul
Amount purchased: 49 @ 305.25p
Value: £149.57

Charles Stanley Group (CAY)
Director name: Teper,Gary
Amount purchased: 49 @ 305.25p
Value: £149.57

Lloyds Banking Group (LLOY)
Director name: Culmer,George
Amount purchased: 190 @ 65.75p
Value: £124.93

Lloyds Banking Group (LLOY)
Director name: Colombás ,Juan
Amount purchased: 190 @ 65.75p
Value: £124.93

Lloyds Banking Group (LLOY)
Director name: Horta-Osorio,Antonio
Amount purchased: 68 @ n/a
Value: n/a

Lloyds Banking Group (LLOY)
Director name: Culmer,George
Amount purchased: 68 @ n/a
Value: n/a

Lloyds Banking Group (LLOY)
Director name: Colombás ,Juan
Amount purchased: 68 @ n/a
Value: n/a



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