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Director dealings: M&S director snaps up 50,000 shares

(Sharecast News) - Marks & Spencer revealed on Thursday that non-executive director Cheryl Potter had acquired 50,000 ordinary shares in the FTSE 100-listed retailer. Potter, who joined the board of M&S in March, purchased the shares on Wednesday at an average price of 247.0p each, for a total value of £123,500.

On Wednesday, Marks & Spencer reinstated its dividend and delivered a 56.2% rise in first-half profits, but sounded a note of caution about future trade in the lead-up to Christmas - citing higher interest rates, weather, and geopolitical events.

As of 1620 GMT, M&S shares were down 0.20% at 243.60p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Marks & Spencer Group (MKS) Director name: Potter,Cheryl Amount purchased: 50,000 @ 247.00p Value: �123,500.00

Asia Dragon Trust (DGN) Director name: Noble,Susan Sternglass Amount purchased: 15,000 @ 335.50p Value: �50,325.00

Iwg (IWG) Director name: Pauly,Francois Amount purchased: 25,000 @ 139.70p Value: �34,924.42

Mila Resources (MILA) Director name: Stephenson,Mark Amount purchased: 1,100,000 @ 0.91p Value: �10,062.80

Kingswood Holdings Limited (KWG) Director name: Massing,Jonathan Amount purchased: 50,000 @ 14.00p Value: �7,000.00

Kingswood Holdings Limited (KWG) Director name: Massing,Jonathan Amount purchased: 50,000 @ 13.70p Value: �6,850.00

Mondi (MNDI) Director name: Powell,Mike Amount purchased: 11 @ 1,359.90p Value: �149.59

Mondi (MNDI) Director name: King,Andrew Amount purchased: 11 @ 1,359.90p Value: �149.59

Top Director Sells

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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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