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Director dealings: Burberry CEO makes share sale

(Sharecast News) - Burberry revealed on Thursday that chief executive Jonathan Akeroyd had sold 49,037 ordinary shares in the FTSE 100-listed fashion house. Akeroyd, who sold the shares in order to cover tax and fees arising from the vesting and acquisition of an award granted to him on 15 March following his resignation from his former employer, disposed of the shares at an average price of 1,619.08p each, for a total value of £793,948.06.

Back in May, Burberry said its full-year outlook hinged on how fast China bounced back from Covid-19 lockdowns, as 2022 fiscal-year profits and revenues rose. Burberry maintained medium-term guidance of high single-digit revenue growth but said its outlook was "dependent on the impact of Covid-19" and the rate of recovery in consumer spending in Mainland China.

As of 1540 BST, Burberry shares were down 4.90% at 1,612.0p.

Reporting by Iain Gilbert at Sharecast.com

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3i Group (III) Director name: Daintith,Stephen Amount purchased: 8,850 @ 1,112.00p Value: £98,412.00

M&g (MNG) Director name: Braham,Edward Amount purchased: 20,075 @ 197.35p Value: £39,618.01

M&g (MNG) Director name: Braham,Edward Amount purchased: 20,075 @ 197.35p Value: £39,618.01

Rolls-royce Holdings (RR.) Director name: East,Warren Amount purchased: 29,552 @ 81.81p Value: £24,176.49

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Foxtons Group (FOXT) Director name: Rich CBE,Nigel Amount purchased: 37,687 @ 33.00p Value: £12,436.71

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Uil Limited (di) (UTL) Director name: Bridges,Stuart J Amount purchased: 5,589 @ 202.50p Value: £11,317.73

Bellevue Healthcare Trust (red) (BBH) Director name: Grewal ,Randeep Singh Amount purchased: 7,075 @ 149.60p Value: £10,584.20

Tavistock Investments (TAVI) Director name: Cooke,Oliver Charles Amount purchased: 132,244 @ 7.97p Value: £10,539.85

Utilico Emerging Markets Ltd (di) (UEM) Director name: Muh,Anthony Amount purchased: 4,381 @ 209.00p Value: £9,156.29

Utilico Emerging Markets Ltd (di) (UEM) Director name: Hansen,Susan Amount purchased: 4,381 @ 209.00p Value: £9,156.29

Uil Limited (di) (UTL) Director name: Shillson,David Amount purchased: 4,324 @ 202.50p Value: £8,756.10

Uil Limited (di) (UTL) Director name: Hill,Alison Amount purchased: 4,324 @ 202.50p Value: £8,756.10

Utilico Emerging Markets Ltd (di) (UEM) Director name: Stobart,Eric St Clair Amount purchased: 4,000 @ 209.44p Value: £8,377.60

Golden Prospect Precious Metals Ltd. (GPM) Director name: King,Robert P. Amount purchased: 20,000 @ 38.50p Value: £7,700.00

Bellevue Healthcare Trust (red) (BBH) Director name: Dixon,Josephine Amount purchased: 4,663 @ 149.60p Value: £6,975.85

Utilico Emerging Markets Ltd (di) (UEM) Director name: Rennocks,John Amount purchased: 3,245 @ 210.44p Value: £6,828.63

Bellevue Healthcare Trust (red) (BBH) Director name: Bolsover,Kate Amount purchased: 3,774 @ 149.60p Value: £5,645.90

Utilico Emerging Markets Ltd (di) (UEM) Director name: Bridgeman,Mark Amount purchased: 2,628 @ 209.00p Value: £5,492.52

Bellevue Healthcare Trust (red) (BBH) Director name: Southgate,Paul Amount purchased: 3,458 @ 149.60p Value: £5,173.17

Bellevue Healthcare Trust (red) (BBH) Director name: Young,Tony Amount purchased: 3,458 @ 149.60p Value: £5,173.17

European Assets Trust (EAT) Director name: Perry CBE,John (Jack) Amount purchased: 5,297 @ 93.63p Value: £4,959.58

Itv (ITV) Director name: Harris,Mary Amount purchased: 3,943 @ 65.56p Value: £2,585.03

Mortgage Advice Bureau (holdings) (MAB1) Director name: Imlach,Nathan James McLean Amount purchased: 183 @ 895.00p Value: £1,637.85

Top Director Sells

Burberry Group (BRBY) Director name: Akeroyd,Jonathan Amount sold: 49,037 @ 1,619.08p Value: £793,948.06

Porvair (PRV) Director name: Stocks,Ben Amount sold: 2,754 @ 625.00p Value: £17,212.50

Oilex Ltd. (OEX) Director name: Schwarz,Peter Amount sold: 10,611,250 @ 0.16p Value: £16,447.44

Churchill China (CHH) Director name: Roper,James Andrew Amount sold: 900 @ 1,400.00p Value: £12,600.00

Billington Holdings (BILN) Director name: Smith ,Mark Amount sold: 2,297 @ 216.00p Value: £4,961.52

Billington Holdings (BILN) Director name: Taylor,Trevor Amount sold: 1,811 @ 216.00p Value: £3,911.76

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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