Shares in media giant ITV (ITV) took a tumble this week after it emerged that chief executive Adam Crozier had sold 500,000 shares at 200p each, in a deal worth £1m. The transaction leaves him in control of 1.9m shares, or 0.047 per cent of the company.
IC TIP:
Buy
at
197p
The share sale comes amid a mixed outlook for the broadcaster. At the time of interim results in July, ITV's directors predicted third-quarter advertising demand would suffer against tough comparatives thanks to last year’s Rugby World Cup, as well as the possible loss of an audience to the recent summer Olympics coverage on the BBC. Core net advertising sales are expected to fall further over the nine months to 30 September 2016 and, because of this, management has promised to try and claw back £25m in cost savings come 2017.
| Buys | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| BHP Billiton | Anita Frew | 06 Sep 16 | 1,500 | 996 | 14,940 | 15,000 | 0.001 |
| BHP Billiton | Anita Frew | 06 Sep 16 | 4,500 | 998 | 44,910 | 13,500 | 0.001 |
| BlackRock World Mining Trust | Jane Lewis | 01 Sep 16 | 2,429 | 286.1875 | 6,951 | 2,429 | 0.001 |
| British American Tobacco | Marion Helmes | 01 Sep 16 | 900 | 4758.1 | 42,823 | 900 | 0.000 |
| British American Tobacco | Marion Helmes | 02 Sep 16 | 3,600 | 4809.3 | 173,135 | 4,500 | 0.000 |
| Cropper (James)♥ | M.A.J Cropper (ch) | 05 Sep 16 | 2,360 | 905 | 21,358 | 1,239,553 | 13.202 |
| Cyan Holdings | John Read | 01 Sep 16 | 898,055 | 0.18 | 1,616 | 48,530,641 | 0.337 |
| Cyan Holdings | John Cronin (ch) | 01 Sep 16 | 10,833,750 | 0.18 | 19,501 | 303,912,037 | 2.111 |
| Cyan Holdings | Henry Berry | 01 Sep 16 | 4,120,787 | 0.18 | 7,417 | 67,484,871 | 0.469 |
| Cyan Holdings | Simon Smith (cfo) | 01 Sep 16 | 4,885,185 | 0.18 | 8,793 | 178,125,836 | 1.237 |
| Cyan Holdings | Paul Ratcliff | 01 Sep 16 | 989,259 | 0.18 | 1,781 | 7,724,045 | 0.054 |
| F&C Commercial Property Trust | Trudi Clark | 07 Sep 16 | 19,410 | 128.3 | 24,903 | 56,200 | 0.007 |
| Fulcrum Utility Services | Philip Holder (ch) | 06 Sep 16 | 100,000 | 36.75 | 36,750 | 1,116,666 | 0.698 |
| Hikma Pharmaceuticals♥ | Mohammed Al-Husry | 06 Sep 16 | 155,991 | 2194 | 3,422,443 | 5,997,199 | 2.500 |
| Hikma Pharmaceuticals♥ | Mazen Darwazah | 06 Sep 16 | 155,991 | 2194 | 3,422,443 | 7,472,705 | 3.115 |
| Hikma Pharmaceuticals♥ | Said Darwazah (ch & ceo) | 06 Sep 16 | 155,991 | 2194 | 3,422,443 | 13,542,217 | 5.644 |
| Jarvis Securities | Jolyon Head (fd) | 06 Sep 16 | 3,750 | 317.99 | 11,925 | 31,876 | 0.290 |
| Jarvis Securities | Nick Crabb | 06 Sep 16 | 2,500 | 314 | 7,850 | 10,000 | 0.091 |
| Jimmy Choo | Meribeth Parker | 01 Sep 16 | 12,000 | 126.5 | 15,180 | 21,500 | 0.006 |
| KAZ Minerals | Simon Heale (ch) | 01 Sep 16 | 28,000 | 175.7 | 49,196 | 256,655 | 0.057 |
| Low & Bonar | Brett Simpson (ceo) | 05 Sep 16 | 100,000 | 62 | 62,000 | 175,000 | 0.053 |
| McBride | Chris Smith (cfo) | 07 Sep 16 | 5,802 | 172.35 | 10,000 | 36,813 | 0.020 |
| Melrose Industries | David Lis | 02 Sep 16 | 3,500 | 151.46 | 5,301 | 433,997 | 0.023 |
| Melrose Industries | David Lis | 02 Sep 16 | 23,000 | 151.6661 | 34,883 | 123,000 | 0.007 |
| Melrose Industries | David Lis | 02 Sep 16 | 100,000 | 151.7835 | 151,784 | 100,000 | 0.005 |
| Northern Bear | Tom Hayes (fd) | 02 Sep 16 | 20,000 | 45 | 9,000 | 70,000 | 0.396 |
| PZ Cussons | Caroline Silver | 01 Sep 16 | 10,000 | 333.15 | 33,315 | 10,000 | 0.002 |
| Paragon Entertainment | John Dobson | 05 Sep 16 | 1,658,663 | 2.54 | 42,130 | 10,858,436 | 5.786 |
| Quarto Group (The)♥ | Michael Connole (cfo) | 05 Sep 16 | 5,383 | 279.85 | 15,064 | 15,383 | 0.078 |
| RedstoneConnect | Mark Braund (ceo) | 06 Sep 16 | 275,000 | 1.8459 | 5,076 | 14,485,316 | 0.887 |
| Rolls-Royce Holdings | Ian Davis (ch) | 07 Sep 16 | 261 | 757 | 1,976 | 41,231 | 0.002 |
| Rolls-Royce Holdings | Ruth Cairnie | 07 Sep 16 | 256 | 757 | 1,938 | 10,240 | 0.001 |
| Rolls-Royce Holdings | Frank Chapman | 07 Sep 16 | 253 | 757 | 1,915 | 20,184 | 0.001 |
| Solid State | Matthew Richards | 07 Sep 16 | 2,400 | 405 | 9,720 | 2,400 | 0.028 |
| Standard Life Equity Income Trust♥ | Richard Burns (ch) | 02 Sep 16 | 8,000 | 409.368 | 32,749 | 161,000 | 0.356 |
| Standard Life Equity Income Trust | Richard Burns (ch) | 02 Sep 16 | 25,000 | 409.75 | 102,438 | 213,000 | 0.470 |
| Vipera | Jeremy Nicholds | 05 Sep 16 | 400,000 | 4.86 | 19,450 | 400,000 | 0.155 |
| Zegona Communications | Eamonn O'Hare (ch & ceo) | 07 Sep 16 | 100,000 | 105 | 105,000 | 2,060,000 | 1.051 |
| Sells | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Breedon | David Williams | 02 Sep 16 | 6,710,636 | 71.57 | 4,802,802 | 10,000,000 | 0.709 |
| Burberry | Carol Fairweather (cfo) | 07 Sep 16 | 33,981 | 1312.61 | 446,038 | 33,982 | 0.008 |
| Conviviality♥ | Diana Hunter (ceo) | 06 Sep 16 | 33,333 | 222 | 73,999 | 793,476 | 0.464 |
| Cropper (James)♥ | Martin Thompson | 07 Sep 16 | 1,100 | 976 | 10,736 | 38,006 | 0.405 |
| Cropper (James) | Martin Thompson | 07 Sep 16 | 1,100 | 982 | 10,802 | 39,106 | 0.417 |
| Fisher (James) & Sons♥ | Charles Rice (ch) | 07 Sep 16 | 1,900 | 1607 | 30,533 | 22,410 | 0.045 |
| ITV | Adam Crozier (ceo) | 12 Sep 16 | 500,000 | 200 | 1,000,000 | 1,882,702 | 0.047 |
| Jimmy Choo | Pierre Denis (ceo) | 07 Sep 16 | 320,000 | 125.625 | 402,000 | 2,684,489 | 0.711 |
| UNITE♥ | Joe Lister (cfo) | 07 Sep 16 | 50,000 | 635 | 317,500 | 410,936 | 0.185 |
| UNITE | Joe Lister (cfo) | 07 Sep 16 | 50,000 | 635 | 317,500 | 460,936 | 0.208 |
| *Placing/tender/open offer ♥Spouse/connected party | |||||||
