Directors dealings: New Tate&Lyle non-exec picks up shares

Tate&Lyle´s recently-named non-executive director Lars Frederiksen picked up a sizeable number of shares less than a week after the company´s first quarter trading update.

On 21 July the food ingredients and sweeteners-maker said profit during the first three months of its fiscal year 2017 was ahead of the comparative period at constant currency and it expected earnings to increase strongly if the pound continued to be weak versus the dollar for the rest of the financial year.

In a research note dated on that same day analysts at Exane BNP Paribas told clients: "The broadly neutral share price reaction rel. to the market today appears to us to be fair.

"We highlight that Tate continues to see weakness in the business of some of its larger North American customers."

Frederiksen purchased 15,000 shares in the company at an individual price of 698.5p each, in the process forking out a total of £104,775.00.

Shares of Tate&Lyle closed Tuesday´s session 1.0% higher to 704.0p, just below their 52-week high of 708.50p.

Top Director Buys

Tate & Lyle (TATE)
Director name: Frederiksen,Lars
Amount purchased: 15,000 @ 698.50p
Value: £104,775.00

Funding Circle Sme Income Fund (FCIF)
Director name: Hervouet,Frederic
Amount purchased: 102,000 @ 98.00p
Value: £99,960.00

Huntsworth (HNT)
Director name: Mapp,Derek
Amount purchased: 165,755 @ 40.10p
Value: £66,467.75

Huntsworth (HNT)
Director name: Taaffe,Paul
Amount purchased: 100,000 @ 39.65p
Value: £39,650.00

Huntsworth (HNT)
Director name: Jones,Neil
Amount purchased: 90,000 @ 39.82p
Value: £35,838.00

Gcp Infrastructure Investments Ltd (GCP)
Director name: Spears,Clive
Amount purchased: 25,000 @ 121.50p
Value: £30,375.00

President Energy (PPC)
Director name: Levine,Peter M
Amount purchased: 300,000 @ 9.50p
Value: £28,500.00

St. Modwen Properties (SMP)
Director name: Bull,Ian
Amount purchased: 10,000 @ 273.80p
Value: £27,380.00

Icap (IAP)
Director name: Gregson,Charles Henry
Amount purchased: 4,184 @ 461.90p
Value: £19,325.90

Firstgroup (FGP)
Director name: O'Toole,Tim
Amount purchased: 7,988 @ 99.00p
Value: £7,908.12

Greatland Gold (GGP)
Director name: Bell,Andrew R McM.
Amount purchased: 2,521,616 @ 0.26p
Value: £6,480.55

Greatland Gold (GGP)
Director name: Johnson,Paul
Amount purchased: 2,500,000 @ 0.26p
Value: £6,375.00

Frontera Resources Corporation (di) (FRR)
Director name: Szescila,Andrew J
Amount purchased: 5,000,000 @ 0.10p
Value: £4,760.00

Centrica (CNA)
Director name: Pusey,Stephen
Amount purchased: 972 @ 240.20p
Value: £2,334.74

Centrica (CNA)
Director name: Valle,Margherita D.
Amount purchased: 828 @ 240.20p
Value: £1,988.86

Frontera Resources Corporation (di) (FRR)
Director name: Szescila,Andrew J
Amount purchased: 2,000,000 @ 0.10p
Value: £1,988.00

Tungsten Corporation (TUNG)
Director name: Parker,Nicholas S.
Amount purchased: 150,000 @ 0.43p
Value: £645.00

Blackrock Throgmorton Trust (THRG)
Director name: Beart,Simon
Amount purchased: 168 @ 305.00p
Value: £512.40

Blackrock Throgmorton Trust (THRG)
Director name: Beart,Simon
Amount purchased: 155 @ 305.00p
Value: £472.75

Spirent Communications (SPT)
Director name: Hutchinson,Eric G
Amount purchased: 294 @ 85.23p
Value: £250.58

Blackrock Throgmorton Trust (THRG)
Director name: Latymer,Lord
Amount purchased: 48 @ 305.00p
Value: £146.40

Spirent Communications (SPT)
Director name: Whiting,Rachel
Amount purchased: 147 @ 85.23p
Value: £125.29

Judges Scientific (JDG)
Director name: Elman,Ralph
Amount purchased: 4 @ 1,450.00p
Value: £58.00

Mckay Securities (MCKS)
Director name: Mew,Steven R
Amount purchased: 10,827 @ n/a
Value: n/a

Top Director Sells

Trifast (TRI)
Director name: Budd,Geoff
Amount sold: 75,000 @ 132.00p
Value: £99,000.00

Greatland Gold (GGP)
Director name: Bell,Andrew R McM.
Amount sold: 2,500,000 @ 0.25p
Value: £6,125.00