Director dealings: Burberry CFO lowers stake

Burberry chief financial and operating officer Julie Brown sold 34,218 ordinary shares in the FTSE 100-listed fashion house on Monday.

Brown, who took over the dual role back in 2017, disposed of the shares at an average cost of 1,790.50p each, for a total value of £612,673.31.

Burberry sales disappointed slightly over the festive quarter but the fashion house maintained that it was successfully building "brand heat" ahead of the launch next month of its new creative director's debut collection.

Revenue of £711m was produced in the 13 weeks to 29 December, down 1% compared to the equivalent period last year and down 2% if exchange rates effects are taken out. Group store space shrank 1% with two net closures in the quarter but analysts were expecting a number nearer £724m.

Like-for-like sales rose 1%, a noticeable slowdown from the 3% achieved in the first six months of the year and below the average analyst forecast of 2%.

As of 1630 GMT, Burberry shares had dipped 1.53% to 1,759.50p.

Top Director Buys

Diversified Gas & Oil (DGOC)
Director name: Hutson,Robert
Amount purchased: 250,000 @ 109.78p
Value: £274,450.00

Diversified Gas & Oil (DGOC)
Director name: Post,Robert Marshall
Amount purchased: 200,000 @ 109.78p
Value: £219,560.00

Emmerson (EML)
Director name: Locke,Hayden
Amount purchased: 647,712 @ 3.05p
Value: £19,755.22

James Halstead (JHD)
Director name: Oliver,Gordon
Amount purchased: 4,000 @ 455.00p
Value: £18,200.00

James Halstead (JHD)
Director name: Oliver,Gordon
Amount purchased: 4,000 @ 455.00p
Value: £18,200.00

Diversified Gas & Oil (DGOC)
Director name: Thomas,Martin Keith
Amount purchased: 10,000 @ 110.00p
Value: £11,000.00

Diversified Gas & Oil (DGOC)
Director name: Johnson,David Edward
Amount purchased: 10,000 @ 109.68p
Value: £10,968.00

Fuller Smith & Turner (FSTA)
Director name: Emeny,Simon
Amount purchased: 1,000 @ 1,082.00p
Value: £10,820.00

Jupiter Emerging & Frontier Income Trust Red (JEFI)
Director name: Dampier,Mark
Amount purchased: 5,768 @ 95.60p
Value: £5,514.21

Games Workshop Group (GAW)
Director name: Rountree,Kevin
Amount purchased: 146 @ 2,956.78p
Value: £4,316.90

Witan Inv Trust (WTAN)
Director name: Rogoff,Ben
Amount purchased: 80 @ 997.50p
Value: £798.00

Standard Life Aberdeen (SLA)
Director name: Paris,Rod
Amount purchased: 56 @ 264.50p
Value: £148.12

Tesco (TSCO)
Director name: Stewart,Alan
Amount purchased: 62 @ 223.66p
Value: £138.67

Tesco (TSCO)
Director name: Lewis,Dave
Amount purchased: 62 @ 223.66p
Value: £138.67

Standard Life Aberdeen (SLA)
Director name: Skeoch,Keith
Amount purchased: 48 @ 264.50p
Value: £126.96

Top Director Sells

Burberry Group (BRBY)
Director name: Brown,Julie
Amount sold: 34,218 @ 1,790.50p
Value: £612,673.31

James Halstead (JHD)
Director name: Oliver,Gordon
Amount sold: 8,000 @ 455.00p
Value: £36,400.00