If there were any conclusions to be drawn in the aftermath of the recent referendum result, one could point to the relative resilience of globally diverse businesses amid the initial market sell-off. The assumption by investors is that maximum exposure to multiple economies, currencies and political jurisdictions will help spread the risk. InterContinental Hotels (IHG) certainly fits the bill on that score, as its shares have risen by nearly a fifth since the start of July.
IC TIP:
Sell
at
3,064p
For that reason alone, you could hardly blame chief executive Richard Solomons for wanting to bank some profits. The chief executive, along with his wife Karin, generated £2.5m in aggregate through separate transactions amounting to 82,980 shares at 3,078p apiece. Following the transaction, the couple still owns a combined 0.47 per cent stake in the group.
| Buys | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Amino Technologies | Keith Todd (ch) | 29 Jul 16 | 8,975 | 146.25 | 13,126 | 466,665 | 0.661 |
| Atlantis Japan Growth Fund | Richard Pavry | 03 Aug 16 | 20,000 | 151.5 | 30,300 | 20,000 | 0.050 |
| CML Microsystems | Ronald Shashoua | 01 Aug 16 | 3,000 | 337 | 10,110 | 148,500 | 0.875 |
| Centrica | Iain Conn (ceo) | 28 Jul 16 | 100,000 | 245.6 | 245,600 | 400,083 | 0.007 |
| Centrica | Stephen Hester | 29 Jul 16 | 20,700 | 241.5 | 49,991 | 20,700 | 0.000 |
| D4t4 Solutions | Roger McDowell | 01 Aug 16 | 500,000 | 132 | 660,000 | 2,850,000 | 7.812 |
| Dunelm | John Browett (ceo) | 02 Aug 16 | 4,534 | 860.5 | 39,015 | 27,785 | 0.014 |
| Electra Private Equity | Ian Brindle | 02 Aug 16 | 298 | 3813 | 11,363 | 298 | 0.001 |
| Electra Private Equity♥ | Ian Brindle | 02 Aug 16 | 399 | 3819 | 15,238 | 697 | 0.002 |
| Electrocomponents | Karen Guerra | 29 Jul 16 | 8,500 | 293 | 24,905 | 16,025 | 0.004 |
| Equiniti | Guy Wakeley (ceo) | 29 Jul 16 | 5,917 | 169 | 10,000 | 1,305,139 | 0.435 |
| FDM | Michelle Senecal de Fonseca | 28 Jul 16 | 2,530 | 598.95 | 15,153 | 5,211 | 0.005 |
| Frenkel Topping | Jason Granite (ch) | 02 Aug 16 | 17,500 | 44 | 7,700 | 11,826,928 | 15.849 |
| Hammerson | David Tyler (ch) | 28 Jul 16 | 10,000 | 559.436 | 55,944 | 40,000 | 0.005 |
| Hammerson | Pierre Bouchut | 29 Jul 16 | 20,000 | 554.04 | 110,808 | 20,000 | 0.003 |
| IG Design | Elaine Bond | 28 Jul 16 | 15,816 | 190 | 30,050 | 15,816 | 0.025 |
| Inchcape | John Langston | 01 Aug 16 | 292 | 674 | 1,968 | 3,012 | 0.001 |
| Inchcape | Nigel Northridge | 01 Aug 16 | 315 | 674 | 2,123 | 28,118 | 0.007 |
| Inchcape | Alison Cooper | 01 Aug 16 | 233 | 674 | 1,570 | 4,827 | 0.001 |
| Inchcape | Coline McConville | 01 Aug 16 | 292 | 674 | 1,968 | 1,605 | 0.000 |
| Inchcape | Nigel Stein | 01 Aug 16 | 233 | 674 | 1,570 | 9,074 | 0.002 |
| Inchcape | Till Vestring | 01 Aug 16 | 411 | 674 | 2,770 | 63,963 | 0.015 |
| Jupiter UK Growth Investment Trust | Jonathan Davis | 01 Aug 16 | 4,000 | 283.5 | 11,340 | 4,000 | 0.027 |
| KEFI Minerals* | Ian Plimer | 29 Jul 16 | 3,750,000 | 0.5 | 18,750 | 10,200,001 | 0.263 |
| KEFI Minerals* | John Leach (fd) | 29 Jul 16 | 5,000,000 | 0.5 | 25,000 | 16,364,583 | 0.421 |
| Laird | David Lockwood (ceo) | 01 Aug 16 | 5,125 | 290.953 | 14,911 | 281,308 | 0.104 |
| Laird | Martin Read (ch) | 29 Jul 16 | 16,928 | 293.8 | 49,734 | 47,317 | 0.017 |
| Laird | Michael Parker | 29 Jul 16 | 33,945 | 292.3937 | 99,253 | 51,945 | 0.019 |
| Laird | Nathalie Rachou | 01 Aug 16 | 5,000 | 292.8 | 14,640 | 10,000 | 0.004 |
| Low & Bonar | Kevin Matthews | 03 Aug 16 | 24,389 | 64 | 15,609 | 24,389 | 0.007 |
| Mercom Capital* | John Zorbas (ceo) | 29 Jul 16 | 2,400,000 | 2.5 | 60,000 | 4,898,595 | 16.647 |
| Mercom Capital* | Kyle Appleby (fd) | 29 Jul 16 | 600,000 | 2.5 | 15,000 | 1,590,881 | 5.406 |
| QinetiQ | Lynn Brubaker | 29 Jul 16 | 12,000 | 225.9333 | 27,112 | 12,000 | 0.002 |
| Reabold Resources | Jeremy Edelman (ch) | 02 Aug 16 | 5,000,000 | 0.4 | 20,000 | 149,000,000 | 46.430 |
| Rolls-Royce Holdings | David Smith (cfo) | 28 Jul 16 | 6,116 | 817.5 | 49,998 | 41,915 | 0.002 |
| SDL♥ | Adolfo Hernandez (ceo) | 02 Aug 16 | 50,000 | 435 | 217,500 | 50,000 | 0.061 |
| Sainsbury (J) | Brian Cassin | 03 Aug 16 | 25,000 | 222 | 55,500 | 25,000 | 0.001 |
| Sainsbury (J) | Susan Rice | 03 Aug 16 | 3,000 | 223 | 6,690 | 4,000 | 0.000 |
| Sainsbury (J) | David Tyler (ch) | 29 Jul 16 | 25,000 | 223 | 55,750 | 75,000 | 0.004 |
| Sainsbury (J) | Mary Harris | 28 Jul 16 | 13,119 | 227 | 29,780 | 27,064 | 0.001 |
| TR Property Investment Trust | Suzie Procter | 28 Jul 16 | 13,297 | 300.807 | 39,998 | 16,661 | 0.005 |
| Thomas Cook | Lesley Knox | 29 Jul 16 | 46,100 | 65.196 | 30,055 | 46,100 | 0.003 |
| Tullett Prebon♥ | Andrew Baddeley (cfo) | 02 Aug 16 | 5,000 | 330.77 | 16,539 | 15,000 | 0.006 |
| Tullett Prebon | Andrew Baddeley (cfo) | 02 Aug 16 | 10,000 | 331.1 | 33,110 | 10,000 | 0.004 |
| Tyman | Mark Rollins | 03 Aug 16 | 15,000 | 287.1869 | 43,078 | 15,000 | 0.008 |
| Zegona Communications | Eamonn O'Hare (ch & ceo) | 02 Aug 16 | 100,000 | 113 | 113,000 | 1,674,999 | 0.854 |
| Zegona Communications | Eamonn O'Hare (ch & ceo) | 03 Aug 16 | 100,000 | 113 | 113,000 | 1,774,999 | 0.905 |
| Zegona Communications♥ | Mark Brangstrup Watts | 02 Aug 16 | 3,941,901 | 113 | 4,454,348 | 3,941,901 | 2.011 |
| Sells | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| InterContinental Hotels | Richard Solomons (ceo) | 03 Aug 16 | 27,198 | 3077.881 | 837,122 | 496,437 | 0.251 |
| InterContinental Hotels♥ | Richard Solomons (ceo) | 03 Aug 16 | 55,782 | 3077.881 | 1,716,903 | 440,655 | 0.223 |
| Jupiter Fund Management | Edward Bonham Carter | 28 Jul 16 | 1,000,000 | 416.9 | 4,169,000 | 11,006,764 | 2.405 |
| Smart Metering Systems | Alan Foy (ceo) | 01 Aug 16 | 600,000 | 435 | 2,610,000 | 7,180,608 | 8.095 |
*Placing/tender/open offer ♥Spouse/connected party | |||||||
