Directors Deals 

Micro Focus bosses buy after crash

Micro Focus bosses buy after crash

In the days after Micro Focus (MCRO) lost half of its market value, the bulk of the group's board sought to repair faith with the purchase of almost £700,000-worth of shares. This came after the company said sales had fallen at a greater rate than expected since its half-year results in January. Citing one-off transitional issues tied to the integration of HPE’s software arm – bought for $8.8bn (£6.3bn) last September – management cut revenue forecasts for the year to October 2018. Exacerbating the ensuing panic, Chris Hsu – appointed as chief executive of the enlarged company – resigned.

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