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Director dealings: Rio Tinto CEO invests a day after disappointing results

(Sharecast News) - Rio Tinto was at the top of the list of director buys on Friday, after its chief executive officer bought almost half a million pounds worth of shares. The Anglo-Australian mining giant said Jakob Stausholm purchased 10,000 shares on Thursday in a market transaction on the London Stock Exchange.

Stausholm paid 4,856.87p for each share, spending a total of £485,686.91 in the process.

The purchase was made a day after the FTSE 100 company slashed its dividend, following a 29% tumble in first-half profit.

It cited weaker iron ore prices, labour shortages and higher costs for the fall, which sent its shares southwards after the results announcement on Wednesday.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Rio Tinto (RIO) Director name: Stausholm,Jakob Amount purchased: 10,000 @ 4,856.87p Value: £485,686.91

Everyman Media Group (EMAN) Director name: Rosehill,Michael Amount purchased: 200,000 @ 110.50p Value: £221,000.00

Jupiter Fund Management (JUP) Director name: Yates,Roger Amount purchased: 100,000 @ 125.24p Value: £125,240.00

Haleon (HLN) Director name: Mahlan,Deirdre Amount purchased: 38,484 @ $3.51 Value: $111,386.86

Jupiter Fund Management (JUP) Director name: Pease,Nichola Amount purchased: 40,000 @ 125.98p Value: £50,392.00

Insig Ai (INSG) Director name: Bernstein,Richard Amount purchased: 115,000 @ 28.00p Value: £32,200.00

Haleon (HLN) Director name: Aymerich,Marie-Anne Amount purchased: 8,334 @ 298.80p Value: £24,901.99

Jupiter Fund Management (JUP) Director name: Murray,Dale Jane Amount purchased: 20,090 @ 123.81p Value: £24,873.43

Rolls-royce Holdings (RR.) Director name: East,Warren Amount purchased: 27,672 @ 87.37p Value: £24,177.03

Hotel Chocolat Group (HOTC) Director name: Gerrie,Andrew Amount purchased: 14,814 @ 135.00p Value: £19,998.90

Metro Bank (MTRO) Director name: Torpey,Michael Amount purchased: 20,000 @ 80.62p Value: £16,123.98

Foxtons Group (FOXT) Director name: Hough,Chris Amount purchased: 30,000 @ 42.48p Value: £12,743.25

Rolls-royce Holdings (RR.) Director name: Kakoullis ,Panos Amount purchased: 13,295 @ 87.37p Value: £11,615.84

Foxtons Group (FOXT) Director name: Rollings,Peter Amount purchased: 20,149 @ 44.38p Value: £8,942.97

Great Southern Copper (GSCU) Director name: Bond,Charles Richard William Amount purchased: 185,310 @ 4.22p Value: £7,822.12

Great Southern Copper (GSCU) Director name: Bond,Charles Richard William Amount purchased: 151,055 @ 4.10p Value: £6,196.43

Lifesafe Holdings (LIFS) Director name: James Stilwell,Michael Amount purchased: 9,300 @ 53.00p Value: £4,929.00

Haleon (HLN) Director name: Mahlan,Deirdre Amount purchased: 1,516 @ $3.51 Value: $4,384.74

Gensource Potash Corporation Npv (di) (GSP) Director name: O'Shea,Amy Lynn Amount purchased: 10,000 @ $0.19 Value: $1,566.75

Great Portland Estates (GPE) Director name: Courtauld,Toby Amount purchased: 25 @ 605.98p Value: £151.50

Great Portland Estates (GPE) Director name: Nicholson,Dan Amount purchased: 25 @ 605.98p Value: £151.50

Great Portland Estates (GPE) Director name: Sanderson,Nick Amount purchased: 25 @ 605.98p Value: £151.50

Top Director Sells

Gsk (GSK) Director name: Walmsley,Emma Amount sold: 148,525 @ 1,763.41p Value: £2,619,104.70

Avi Global Trust (AGT) Director name: Noble,Susan Margaret Amount sold: 13,175 @ 185.36p Value: £24,421.21

Card Factory (CARD) Director name: Lee,Kristian Amount sold: 6,704 @ 52.03p Value: £3,488.18

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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.