Spirax-Sarco Engineering PLC - Cheltenham, England-based thermal energy management and pumping - Chair, chief executive officer and chief finance officer each buy £100,000 in shares on Friday for £300,000 in total. Clare Pike, associate of Chair Jamie Pike, buys 1,115 shares at £89.52, while CEO Nicholas Anderson and CFO Nimesh Patel each buy 1,122 shares at £89.11.
In a trading update on Thursday last week, Spiraz-Sarco said sales growth slowed over the past few months amid a ‘subdued trading environment’, leaving revenue so far in 2023 down on a year before, although it expects to resume revenue growth next year.
Current stock price: 9,172.00 pence, up 2.6% in London on Monday
12-month change: down 19%
Copyright 2023 Alliance News Ltd. All Rights Reserved.
