Director dealings: Burberry CEO makes share sale
Burberry Group
895.00p
15:45 15/11/24
Burberry revealed on Thursday that chief executive Jonathan Akeroyd had sold 49,037 ordinary shares in the FTSE 100-listed fashion house.
FTSE 100
8,060.61
15:45 15/11/24
FTSE 350
4,453.56
15:45 15/11/24
FTSE All-Share
4,411.85
15:45 15/11/24
Personal Goods
13,736.36
15:45 15/11/24
Akeroyd, who sold the shares in order to cover tax and fees arising from the vesting and acquisition of an award granted to him on 15 March following his resignation from his former employer, disposed of the shares at an average price of 1,619.08p each, for a total value of £793,948.06.
Back in May, Burberry said its full-year outlook hinged on how fast China bounced back from Covid-19 lockdowns, as 2022 fiscal-year profits and revenues rose. Burberry maintained medium-term guidance of high single-digit revenue growth but said its outlook was "dependent on the impact of Covid-19" and the rate of recovery in consumer spending in Mainland China.
As of 1540 BST, Burberry shares were down 4.90% at 1,612.0p.
Reporting by Iain Gilbert at Sharecast.com
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Bellevue Healthcare Trust (red) (BBH)
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Director name: Young,Tony
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European Assets Trust (EAT)
Director name: Perry CBE,John (Jack)
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Itv (ITV)
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Director name: Akeroyd,Jonathan
Amount sold: 49,037 @ 1,619.08p
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Director name: Schwarz,Peter
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Churchill China (CHH)
Director name: Roper,James Andrew
Amount sold: 900 @ 1,400.00p
Value: £12,600.00
Billington Holdings (BILN)
Director name: Smith ,Mark
Amount sold: 2,297 @ 216.00p
Value: £4,961.52
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Director name: Taylor,Trevor
Amount sold: 1,811 @ 216.00p
Value: £3,911.76