Intertek (ITRK) chief executive Andre Lacroix has taken an initial stake in the product testing group five months after joining the management team. Mr Lacroix purchased 100,000 shares in the group and now owns 0.06 per cent of its total share capital.
IC TIP:
Sell
at
2625p
Management successfully restructured the group in a bid to optimise performance. But weak oil and gas markets have had a negative effect on trading conditions. The industry and assurance business, along with Intertek's minerals division, have both faced tougher market conditions. The restructuring involved 1,100 job cuts, the establishment of shared service areas and measures to improve the efficiency of its laboratories. Intertek has already felt the benefits of these measures, as margins for the chemicals/pharma business improved during the first half and the decline in margins for its minerals business also slowed.
| Buys | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Amara Mining | Pete Gardner (cfo) | 23 Oct 15 | 49,485 | 10.1 | 4,998 | 1,273,433 | 0.303 |
| Brown (N) | Andrew Higginson (ch) | 28 Oct 15 | 559 | 378.9 | 2,118 | 96,953 | 0.034 |
| bwin.party digital entertainment | Philip Yea (ch) | 28 Oct 15 | 91,674 | 109 | 99,925 | 461,801 | 0.056 |
| bwin.party digital entertainment | Philip Yea (ch) | 28 Oct 15 | 8,270 | 108.5 | 8,973 | 370,127 | 0.045 |
| bwin.party digital entertainment | Martin Weigold (cfo) | 28 Oct 15 | 100,000 | 109.01 | 109,010 | 1,100,000 | 0.133 |
| bwin.party digital entertainment | Norbert Teufelberger (ce) | 28 Oct 15 | 50,000 | 108.49 | 54,245 | 12,205,056 | 1.473 |
| C4X Discovery Holdings | Dr. Clive Dix (ch) | 28 Oct 15 | 50,000 | 67.5 | 33,750 | 641,250 | 2.069 |
| Capital & Regional | Tony Hales | 22 Oct 15 | 100,001 | 67 | 67,001 | 500,000 | 0.071 |
| Capital Gearing Trust | Edwin Meek (ch) | 26 Oct 15 | 2,500 | 3,256 | 81,400 | 14,834 | 0.500 |
| Charles Taylor ♥ | Joe Roach | 27 Oct 15 | 60,000 | 268 | 160,800 | 210,472 | 0.317 |
| City Natural Resources High Yield Trust | Alun Evans | 26 Oct 15 | 5,540 | 90.59 | 5,019 | 10,540 | 0.016 |
| City Natural Resources High Yield Trust | Adrian Collins | 26 Oct 15 | 25,000 | 90.4 | 22,600 | 75,000 | 0.112 |
| City Natural Resources High Yield Trust | Geoff Burns (ch) | 26 Oct 15 | 20,000 | 90.4 | 18,080 | 110,000 | 0.164 |
| City Natural Resources High Yield Trust | Helen Green | 26 Oct 15 | 5,500 | 90.4 | 4,972 | 5,500 | 0.008 |
| City Natural Resources High Yield Trust | Richard Prickett | 26 Oct 15 | 12,500 | 90.65 | 11,331 | 25,000 | 0.037 |
| Computacenter | Greg Lock (ch) | 26 Oct 15 | 10,500 | 752.68 | 79,031 | 452,000 | 0.369 |
| Computacenter | Greg Lock (ch) | 27 Oct 15 | 17,200 | 752.5 | 129,430 | 469,200 | 0.383 |
| Computacenter | Greg Lock (ch) | 22 Oct 15 | 4,000 | 746.6 | 29,864 | 441,500 | 0.360 |
| Computacenter ♥ | Greg Lock (ch) | 27 Oct 15 | 30,800 | 752.5 | 231,770 | 500,000 | 0.408 |
| Dunedin Smaller Companies | Alexa Henderson | 28 Oct 15 | 5,000 | 198.9 | 9,945 | 5,000 | 0.010 |
| Empiric Student Property * | Paul Hadaway (ce) | 27 Oct 15 | 31,490 | 108.48 | 34,160 | 1,094,001 | 0.360 |
| Empiric Student Property * | Paul Hadaway (ce) | 27 Oct 15 | 62,510 | 106.5 | 66,573 | 1,062,511 | 0.350 |
| Firestone Diamonds | Stuart Brown (ce) | 26 Oct 15 | 21,317 | 21 | 4,477 | 507,148 | 0.164 |
| Greenko | Hari Kiran Vadlamani | 22 Oct 15 | 100,000 | 90 | 90,000 | 100,000 | 0.064 |
| Greenko | Hari Kiran Vadlamani | 23 Oct 15 | 600,000 | 90 | 540,000 | 700,000 | 0.449 |
| Greenko | Hari Kiran Vadlamani | 27 Oct 15 | 47,234 | 90 | 42,511 | 747,234 | 0.480 |
| HarbourVest Global Private Equity | Andrew Moore | 23 Oct 15 | 2,302 | 846 | 19,475 | 14,400 | 0.018 |
| Hill & Smith Holdings | Annette Kelleher | 22 Oct 15 | 2,164 | 665 | 14,391 | 2,164 | 0.003 |
| Hunting | John Nicholas | 23 Oct 15 | 6,000 | 404 | 24,240 | 11,000 | 0.007 |
| Ibstock ♥ | Jamie Pike (ch) | 28 Oct 15 | 26,000 | 192.5 | 50,050 | 26,000 | 0.006 |
| Intertek | André Lacroix (ce) | 28 Oct 15 | 100,000 | 2,596.10 | 2,596,104 | 100,000 | 0.062 |
| John Laing | Patrick Bourke (fd) | 23 Oct 15 | 25,000 | 191.5 | 47,875 | 76,282 | 0.021 |
| Koovs * | Mary Turner (ce) | 22 Oct 15 | 270,270 | 37 | 100,000 | 270,270 | 0.998 |
| Koovs * | Robert Bready | 22 Oct 15 | 270,270 | 37 | 100,000 | 1,108,365 | 4.092 |
| Koovs * | Lord Alli (ch) | 22 Oct 15 | 2,432,432 | 37 | 900,000 | 7,299,218 | 26.951 |
| Lavendon ♥ | Don Kenny (ce) | 23 Oct 15 | 70,000 | 135.68 | 94,976 | 459,147 | 0.271 |
| Lombard Risk Management | Philip Crawford (ch) | 26 Oct 15 | 220,000 | 9 | 19,800 | 4,969,876 | 1.633 |
| Mariana Resources * | Glen Parsons (ce) | 27 Oct 15 | 2,000,000 | 2 | 40,000 | 3,372,500 | 0.438 |
| Mariana Resources * | John Horsburgh (ch) | 27 Oct 15 | 1,000,000 | 2 | 20,000 | 8,580,501 | 1.115 |
| Mariana Resources * | John Goodwin | 27 Oct 15 | 620,000 | 2 | 12,400 | 620,000 | 0.081 |
| Noricum Gold | Gregory Kuenzel (ce) | 27 Oct 15 | 13,000,000 | 0.161 | 20,930 | 18,496,734 | 0.687 |
| Ortac Resources * | Anthony Balme (ch) | 26 Oct 15 | 38,861,763 | 0.05 | 19,431 | 282,593,763 | 8.000 |
| Ortac Resources * | Paul Heber | 26 Oct 15 | 5,764,706 | 0.05 | 2,882 | 24,000,000 | 0.679 |
| Ortac Resources * | Vassilios Carellas (ce) | 26 Oct 15 | 5,373,531 | 0.05 | 2,687 | 54,000,000 | 1.529 |
| Pearson † | Glen Moreno (ch) | 22 Oct 15 | 10,000 | 945.43 | 94,543 | 210,000 | 0.026 |
| Phoenix Holdings | Henry Staunton (ch) | 23 Oct 15 | 20,000 | 853.62 | 170,724 | 20,000 | 0.009 |
| Porta Communications Ω | Raymond McKeeve | 23 Oct 15 | 304,272 | 9.5 | 28,906 | 4,651,618 | 1.677 |
| Princess Private Equity Holding | Richard Battey | 26 Oct 15 | 2,000 | 791.2 | 15,824 | 17,000 | 0.025 |
| PureTech Health | Joichi Ito (ch) | 22 Oct 15 | 6,650 | 989.6 | 65,808 | 1,395,579 | 0.588 |
| RTC | Brian May | 28 Oct 15 | 30,000 | 73 | 21,900 | 30,000 | 0.209 |
| Savannah Resources * | Matthew King (ch) | 22 Oct 15 | 833,333 | 2 | 16,667 | 833,333 | 0.314 |
| SIG | Douglas Robertson (fd) | 26 Oct 15 | 10,000 | 135.29 | 13,529 | 112,362 | 0.019 |
| SIG | Stuart Mitchell (ce) | 26 Oct 15 | 10,000 | 135.29 | 13,529 | 176,250 | 0.030 |
| Sula Iron & Gold * | Howard Baker | 28 Oct 15 | 1,666,666 | 0.3 | 5,000 | 3,666,666 | 0.866 |
| Sula Iron & Gold * | Mark Wood (fd) | 28 Oct 15 | 833,333 | 0.3 | 2,500 | 1,495,641 | 0.353 |
| Surgical Innovations | Nigel Rogers (ch) | 28 Oct 15 | 500,000 | 1.3 | 6,500 | 500,000 | 0.103 |
| Surgical Innovations ♥ | Nigel Rogers (ch) | 28 Oct 15 | 500,000 | 1.3 | 6,500 | 1,000,000 | 0.206 |
| Tesco | John Allan (ch) | 26 Oct 15 | 51,978 | 192.39 | 100,000 | 133,951 | 0.002 |
| Tesco † | Dr. Byron Grote | 28 Oct 15 | 15,000 | 188.11 | 28,217 | 30,000 | <0.001 |
| Tesco † | Dr. Byron Grote | 27 Oct 15 | 15,000 | 184.07 | 27,611 | 15,000 | <0.001 |
| Travis Perkins | Anthony Buffin (cfo) | 22 Oct 15 | 3,000 | 1,826.46 | 54,794 | 89,000 | 0.036 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Admiral | Alastair Lyons (ch) | 28 Oct 15 | 15,000 | 1,622 | 243,300 | 297,152 | 0.106 |
| Charles Taylor ♥ | David Marock (ce) | 27 Oct 15 | 315,985 | 269 | 850,000 | 404,975 | 0.610 |
| InterContinental Hotels | Tracy Robbins | 28 Oct 15 | 13,692 | 2,550.10 | 349,160 | 204,702 | 0.087 |
| SThree | Steve Quinn | 22 Oct 15 | 48,715 | 360 | 175,374 | 295,675 | 0.229 |
| SuperGroup | James Holder | 23 Oct 15 | 264,900 | 1,510 | 3,999,990 | 9,384,415 | 11.559 |
| Whitbread | Christopher Rogers | 26 Oct 15 | 24,000 | 4,936.04 | 1,184,650 | 51,000 | 0.028 |
| *Placing/tender/open offer ♥Spouse/connected party Ω ISA/SIPP/Trust †Depositary receipts | |||||||
