Director dealings: Rathbones leaders purchase shares amid FCA‑related review

(Sharecast News) - Rathbones Group revealed on Tuesday that chairman Clive Bannister and chief executive Jonathan Sorrell had both spent roughly £250,000 on shares in the FTSE 250-listed investment and wealth manager. Sorrell acquired 15,320 shares at an average price of 1,630p each, for a total value of £249,715.99, while Bannister snapped up 15,300 shares at an average price of 1,638p each, for a total value of £250,613.99.

Rathbones shares were in free fall on Tuesday after it said a skilled person review following engagement with the Financial Conduct Authority had identified areas for improvement in its UK Wealth Management business, including the implementation and embedding of Consumer Duty and aspects of compliance, oversight and assurance.

As of 1600 BST, Rathbones shares had sunk 16.39% to 1,632p.





Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Rathbones Group (RAT) Director name: Bannister,Clive Amount purchased: 15,300 @ 1,638.00p Value: £250,613.99

Rathbones Group (RAT) Director name: Sorrell ,Jonathan Amount purchased: 15,320 @ 1,630.00p Value: £249,715.99

Metlen Energy & Metals (MTLN) Director name: Mytilineos,Evangelos Amount purchased: 5,000 @ 42.33 Value: 211,626.00

B&m European Value Retail (BME) Director name: Pritchard,Peter Amount purchased: 53,016 @ 192.39p Value: £101,999.08

Dr. Martens (DOCS) Director name: Nwokori,Ije Amount purchased: 112,500 @ 76.10p Value: £85,612.50

Halma (HLMA) Director name: Nebhrajani,Sharmila Amount purchased: 248 @ 4,063.00p Value: £10,076.24

Ecofin Global Utilities And Infrastructure Trust (EGL) Director name: Nicklin ,Susannah Amount purchased: 3,650 @ 272.36p Value: £9,941.14

Top Director Sells

Wpp (WPP) Director name: Rose ,Cindy Amount sold: 88,227 @ 281.60p Value: £248,447.23