Shaftesbury director doubles stake after trading update

Shaftesbury director Sally Walden has doubled her stake in the company after a positive trading update last week.

Walden bought 20,000 shares in the real estate investment trust on Thursday for £169,000.

It takes her stake to 40,000 shares, or 0.01%.

The purchase followed a trading update on Friday, which said the company continued to see strong tenant demand, underpinned by robust footfall and spending, with good progress on its major schemes.

For the period from 1 October 2015 to 4 February 2016, Shaftesbury reported EPRA vacancy of 2% at the end of December compared with 1.6% at the end of September.

"The weeks leading up to, and throughout Christmas and New Year, are traditionally an exceptionally busy period, bringing additional visitors and spending to the West End. Although national trading reports have been mixed, we have seen in our areas robust footfall numbers and spending," the company said.

Available-to-let vacancy at the end of December comprised 13,200 sq ft of retail, two restaurants, 2,200 sq ft of office space and five apartments.

Top Director Buys

Smurfit Kappa Group (SKG)
Director name: Finan,Irial
Amount purchased: 8,650 @ 2,056.70p
Value: £222,523.01

Shaftesbury (SHB)
Director name: Walden,Sally E
Amount purchased: 20,000 @ 845.00p
Value: £169,000.00

City Merchants High Yield Trust (CMHY)
Director name: Robbins,Winifred
Amount purchased: 25,000 @ 171.00p
Value: £42,750.00

Renold (RNO)
Director name: Tenner,Brian
Amount purchased: 100,000 @ 33.25p
Value: £33,250.00

Pinnacle Technology Group (PINN)
Director name: Duckworth,Simon D'Olier
Amount purchased: 250,000 @ 8.20p
Value: £20,500.00

Lakehouse (LAKE)
Director name: Ford,Johnathan
Amount purchased: 50,000 @ 38.57p
Value: £19,285.00

Renold (RNO)
Director name: Harper,Mark
Amount purchased: 42,735 @ 35.10p
Value: £14,999.99

Lloyds Banking Group (LLOY)
Director name: Horta-Osorio,Antonio
Amount purchased: 256 @ 58.57p
Value: £149.93

Croda International (CRDA)
Director name: Foots,Steve
Amount purchased: 5 @ 2,712.00p
Value: £135.60

Croda International (CRDA)
Director name: Layden ,Keith
Amount purchased: 5 @ 2,712.00p
Value: £135.60

Savills (SVS)
Director name: Shaw,Simon J B
Amount purchased: 18 @ 706.00p
Value: £127.08

Drs Data & Research Services (DRS)
Director name: Tebbutt,Arthur M
Amount purchased: 1,147 @ 10.90p
Value: £125.02

Lloyds Banking Group (LLOY)
Director name: Culmer,George
Amount purchased: 213 @ 58.57p
Value: £124.75

Lloyds Banking Group (LLOY)
Director name: Colombás ,Juan
Amount purchased: 213 @ 58.57p
Value: £124.75

Croda International (CRDA)
Director name: Maiden,Jez K
Amount purchased: 4 @ 2,712.00p
Value: £108.48

Lakehouse (LAKE)
Director name: Birrane,Sean
Amount purchased: 9 @ 38.96p
Value: £3.51

Lakehouse (LAKE)
Director name: Simpson,Jeremy
Amount purchased: 9 @ 38.96p
Value: £3.51

Lakehouse (LAKE)
Director name: Black,Stuart John
Amount purchased: 9 @ 38.96p
Value: £3.51

Lakehouse (LAKE)
Director name: McMahon,Michael
Amount purchased: 9 @ 38.96p
Value: £3.51

There were no director sells at the time of publication