Director dealings: Reach CEO ups stake
Reach revealed on Wednesday that chief executive Jim Mullen had acquired 100,000 ordinary shares in the media firm.
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Reach
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14:54 25/04/24
Mullen, who took over as CEO at Reach back in August, acquired the shares on Tuesday at an average price of 100.0p each, for a total value of £100,000.
Reach provided an update on trading from 1 July to date on Friday, which it said had been "steady". Like-for-like revenue was down 4.4%, but this was an improvement on the 6.6% decline seen in the same period last year.
Revenue from the print division fell 7.3% but digital revenues grew 14%. This is versus an 8.2% fall and a 9.3% increase, respectively, last year.
As of 1645 GMT, Reach shares were 2.55% at 104.60p.
Top Director Buys
Ferguson (FERG)
Director name: Murphy,Kevin
Amount purchased: 2,140 @ $86.66
Value: $146,477.01
Reach (RCH)
Director name: Mullen,Jim
Amount purchased: 100,000 @ 100.00p
Value: £100,000.00
Ten Lifestyle Group (TENG)
Director name: Donald ,Alan
Amount purchased: 25,000 @ 119.00p
Value: £29,750.00
Oxford Metrics (OMG)
Director name: Parry,Roger
Amount purchased: 28,249 @ 88.50p
Value: £25,000.36
Redrow (RDW)
Director name: Tutte,John F
Amount purchased: 28,249 @ 88.50p
Value: £25,000.36
Beazley (BEZ)
Director name: Lake,Sally
Amount purchased: 1,888 @ 534.17p
Value: £10,085.13
Helical (HLCL)
Director name: Murphy,Tim
Amount purchased: 327 @ 413.50p
Value: £1,352.15
Helical (HLCL)
Director name: Kaye,Gerald A
Amount purchased: 327 @ 413.50p
Value: £1,352.15
Helical (HLCL)
Director name: Bonning-Snook,Matthew
Amount purchased: 327 @ 413.50p
Value: £1,352.15
Top Director Sells
Britvic (BVIC)
Director name: Litherland,Simon
Amount sold: 71,595 @ 967.86p
Value: £692,937.20
Britvic (BVIC)
Director name: Barwell,Matt
Amount sold: 15,787 @ 967.86p
Value: £152,795.58
Dalata Hotel Group (DAL)
Director name: McNally,Stephen
Amount sold: 6,132 @ 5.24
Value: 28,109.25