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Financial services and online spread betting firm, London Capital Group, traded better Monday on news finance boss Simon Denham spent £420,000 on shares.
Denham, 47, paid 210p each for 200,000 LCG shares, taking his stake to over 5.9m shares, or 15.2% of the company.
Last week, the firm said pre-tax profit for the year will be below last year. "This reflects an increase in costs, namely, accelerated investment in new trading software and increased white label expenses in addition to less volatile conditions in our main markets," it said. "We have also been subject to lower levels of interest income."
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Top Director Buys
Value: £420,000
Value: £60,720
Value: £36,249
Value: $26,000
Value: £19,775
Value: £18,500
Value: £15,875
Value: € 11,915
Value: € 10,500
Top Director Sells
Value: £235,847
Value: £113,980
Value: £93,794
Value: £85,485
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.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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Average UK house price reaches £300,000 for first time, Halifax saysWhile the average house price has topped £300k, regional disparities still remain, Halifax finds.
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Barings Emerging Europe trust bounces back from Russia woesBarings Emerging Europe trust has added the Middle East and Africa to its mandate, delivering a strong recovery, says Max King
