Laura Ashley Deputy Chairman sells 400,000 shares
A round-up of the biggest director buys today so far.
David Masters, Deputy Chairman of Laura Ashley, the fashion and homeware retailer, has sold off a chunk of shares at an average price of 23.5p each.
Masters, who now holds one million shares, sold 406,250 for a total of £95,469.
The sale was made on April 18th, just over a fortnight since the company reported a fall in pre-tax profit from £24.1m to £18.4m for the year ended January 28th. Earnings per share fell from 2.65p to 1.79p.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Revenues remained stable year-on-year, rising just £0.9m to £285.9m.
Internet sales grew by 10.4% to £35.3m, while sales from UK stores fell 1.5%.
The firm recommended a final dividend of 1p per share, taking the total dividend for the year to 2p per share, up 0.5p on the previous year.
During the past year the company has reduced its number of stores by six to 211.
Top Director Buys
RM (RM.)
Director name: Mr Martyn Ratcliffe
Amount purchased: 600,000 @ 80.00p
Value: £480,000
Lo-Q (LOQ)
Director name: Mr David Gammon
Amount purchased: 8,000 @ 285.00p
Value: £22,800
Top Director Sells
Savills (SVS)
Director name: Mr Jeremy C Helsby
Amount sold: 80,001 @ 349.00p
Value: £279,203
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published