Three HSBC (HSBA) directors have sold an aggregate £1.7m in shares in the banking giant, with chief risk officer Marc Moses disposing of the largest chunk of that amount at around £916,000. Samir Assaf, global banking and markets head, and Patrick Burke, president and chief executive of HSBC US, also sold £627,000 and £190,000, respectively.
The shares have been under the cosh since mid-2018 as concerns over ongoing trade wars and slowing Chinese economic growth have taken their toll on sentiment towards the Asia-focused lender. Management is trying to balance efforts to take advantage of growth opportunities across the Northern China and Pearl Delta areas with the cost of that expansion. During the fourth quarter, chairman Mark Tucker blamed market weakness in these regions for lower-than-expected revenue for 2018, which combined with a 6 per cent rise in adjusted operating expenses resulted in negative adjusted 'jaws' – the difference between the rates of change in revenue and costs – of 1.2 per cent.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
BBA Aviation | Mark Johnstone (ceo) | 14 Mar 19 | 45,240 | 239.71 | 108,445 | 348,172 | 0.034 |
Brewin Dolphin | Simonetta Rigo | 18 Mar 19 | 6,000 | 327.71 | 19,663 | 6,000 | 0.002 |
Capita | Patrick Butcher (cfo) | 20 Mar 19 | 121,243 | 127.2 | 154,221 | 121,243 | 0.007 |
DeepMatter* | Mark Warne (ceo) | 15 Mar 19 | 1,000,000 | 2.85 | 28,500 | 1,541,475 | 0.209 |
DeepMatter* | James Ede-Golightly (ch) | 15 Mar 19 | 600,000 | 2.85 | 17,100 | 2,680,249 | 0.364 |
DeepMatter* | Laurence Ede | 15 Mar 19 | 400,000 | 2.85 | 11,400 | 1,201,586 | 0.163 |
DeepMatter* | Michael Bretherton (fd) | 15 Mar 19 | 400,000 | 2.85 | 11,400 | 4,433,824 | 0.602 |
DeepMatter* | Leroy Cronin | 15 Mar 19 | 800,000 | 2.85 | 22,800 | 55,973,019 | 7.600 |
Henderson Opportunities Trust | Christopher Hills | 20 Mar 19 | 2,000 | 954 | 19,080 | 4,000 | 0.050 |
Hikma Pharmaceuticals | Nina Henderson | 15 Mar 19 | 2,000 | 1563.05 | 31,261 | 2,000 | 0.001 |
Hikma Pharmaceuticals | Pamela Kirby | 14 Mar 19 | 1,500 | 1586 | 23,790 | 4,817 | 0.002 |
i3 Energy* | David Knox (ch) | 18 Mar 19 | 272,767 | 37 | 100,924 | 411,638 | 0.791 |
i3 Energy* | Majid Shafiq (ceo) | 18 Mar 19 | 143,765 | 37 | 53,193 | 143,765 | 0.276 |
i3 Energy* | Neill Carson | 18 Mar 19 | 57,538 | 37 | 21,289 | 6,557,538 | 12.605 |
i3 Energy* | Richard Ames | 18 Mar 19 | 204,575 | 37 | 75,693 | 204,575 | 0.393 |
i-nexus Global | Richard Cunningham | 14 Mar 19 | 46,000 | 35 | 16,100 | 1,083,100 | 3.663 |
Jupiter Fund Management | Andrew Formica (ceo) | 15 Mar 19 | 131,745 | 345 | 454,520 | 347,918 | 0.076 |
Jupiter Fund Management | Andrew Formica (ceo) | 15 Mar 19 | 18,255 | 352 | 64,258 | 366,173 | 0.080 |
Just Group* | Rodney Cook (ceo) | 18 Mar 19 | 250,000 | 80 | 200,000 | 3,135,612 | 0.303 |
Maestrano | Ian Buddery (ch) | 18 Mar 19 | 500,000 | 2.9 | 14,500 | 2,200,101 | 2.749 |
Maestrano | John Davis | 19 Mar 19 | 500,000 | 3 | 15,000 | 500,000 | 0.625 |
Maestrano | Jonathan Macleod | 19 Mar 19 | 325,007 | 3.4 | 11,050 | 325,007 | 0.406 |
Mothercare | Glyn Hughes (cfo) | 14 Mar 19 | 80,000 | 18.6 | 14,880 | 521,146 | 0.305 |
Mothercare | Clive Whiley (ch) | 14 Mar 19 | 250,000 | 18.6 | 46,500 | 350,000 | 0.205 |
Mothercare | Mark Newton-Jones (ceo) | 14 Mar 19 | 200,000 | 18.6 | 37,200 | 2,459,857 | 1.440 |
Paragon Entertainment* | Mark Pyrah (ceo) | 20 Mar 19 | 5,000,000 | 0.8 | 40,000 | 24,366,341 | 11.804 |
Paragon Entertainment* | Mark Taylor (ch) | 20 Mar 19 | 5,250,000 | 0.8 | 42,000 | 16,126,961 | 7.812 |
Paragon Entertainment* | Neil Jefferies (cfo) | 20 Mar 19 | 3,125,000 | 0.8 | 25,000 | 3,125,000 | 1.514 |
Real Estate Investors | Marcus Daly (fd) | 19 Mar 19 | 101,000 | 50.25 | 50,753 | 1,864,850 | 1.000 |
Redde | Martin Ward (ceo) | 14 Mar 19 | 23,854 | 104.8 | 24,999 | 4,004,812 | 1.306 |
Redde | Avril Palmer-Baunack (ch) | 14 Mar 19 | 23,837 | 104.88 | 25,000 | 80,334 | 0.026 |
Redde | Stephen Oakley (cfo) | 14 Mar 19 | 12,500 | 105.61 | 13,201 | 2,032,500 | 0.663 |
Riverstone Energy | Ken Ryan | 19 Mar 19 | 282,581 | 1000 | 2,825,810 | 6,862,333 | 8.589 |
Riverstone Energy | David Leuschen | 19 Mar 19 | 282,581 | 1000 | 2,825,810 | 6,862,333 | 8.589 |
Riverstone Energy | Pierre Lapeyre | 19 Mar 19 | 282,581 | 1000 | 2,825,810 | 6,912,333 | 8.652 |
Standard Life Aberdeen | Cathleen Raffaeli | 15 Mar 19 | 9,315 | 259.55 | 24,177 | 9,315 | 0.000 |
Syncona | Ellen Strahlman | 18 Mar 19 | 45,185 | 244.19 | 110,337 | 157,127 | 0.024 |
Syncona | Robert Hutchinson | 14 Mar 19 | 19,775 | 251 | 49,635 | 42,915 | 0.006 |
Syncona | Gian Reverberi | 14 Mar 19 | 16,000 | 253.4 | 40,544 | 16,000 | 0.002 |
Synthomer | Holly Van Deursen | 14 Mar 19 | 5,000 | 382.471 | 19,124 | 5,000 | 0.001 |
Victoria | Alexander Anton | 14 Mar 19 | 150,000 | 320.0007 | 480,001 | 894,025 | 0.713 |
Victoria | Alexander Anton | 19 Mar 19 | 2,500 | 410 | 10,250 | 896,525 | 0.715 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Aggreko♥ | Kenneth Hanna (ch) | 15 Mar 19 | 3,569 | 738 | 26,339 | 15,734 | 0.006 |
Augean | Roger McDowell | 20 Mar 19 | 1,000,000 | 97.5 | 975,000 | 3,000,000 | 2.885 |
Big Yellow♥ | Nicholas Vetch (ch) | 15 Mar 19 | 375,407 | 984.48 | 3,695,807 | 7,154,944 | 4.293 |
EVRAZ | Alexander Abramov (ch) | 19 Mar 19 | 8,470,900 | 595 | 50,401,855 | 290,154,641 | 20.103 |
EVRAZ | Alexander Frolov (ceo) | 19 Mar 19 | 4,229,100 | 595 | 25,163,145 | 144,889,067 | 10.038 |
EVRAZ | Eugene Shvidler | 19 Mar 19 | 1,206,500 | 595 | 7,178,675 | 41,670,992 | 2.887 |
Fisher (James) & Sons | Nicholas Henry (ceo) | 14 Mar 19 | 750 | 2067 | 15,503 | 226,692 | 0.451 |
Fisher (James) & Sons♥ | Nicholas Henry (ceo) | 14 Mar 19 | 1,500 | 2134 | 32,010 | 227,442 | 0.452 |
Fisher (James) & Sons | Nicholas Henry (ceo) | 15 Mar 19 | 500 | 2214 | 11,070 | 226,192 | 0.450 |
Hill & Smith | Mark Pegler (fd) | 14 Mar 19 | 13,323 | 1170.7 | 155,972 | 62,750 | 0.079 |
HSBC | Marc Moses | 19 Mar 19 | 146,649 | 624.6 | 915,970 | 1,707,234 | 0.009 |
Marshalls | Jack Clarke (fd) | 15 Mar 19 | 9,170 | 600.2 | 55,038 | 107,276 | 0.054 |
Polar Capital | Brian Ashford-Russell | 19 Mar 19 | 150,000 | 510 | 765,000 | 5,050,000 | 5.337 |
Sirius Real Estate | Andrew Peggie | 14 Mar 19 | 56,250 | 63.3 | 35,606 | 1,346,428 | 0.132 |
Sirius Real Estate | Andrew Coombs (ceo) | 20 Mar 19 | 86,544 | 64.1227 | 55,494 | 9,770,619 | 0.956 |
Softcat | Graham Charlton (cfo) | 19 Mar 19 | 46,000 | 862.66 | 396,824 | 61,097 | 0.031 |
Surgical Innovations | Melanie Ross | 15 Mar 19 | 504,644 | 3.4 | 17,158 | 1,573,710 | 0.201 |
* placing/tender/open offer ♥ spouse/connected party |