- Vodafone director buys 356,000 shares
- Future CFO buys 7,682 shares
- Beeks Financial CEO sells 260,000 shares
Luka Mucic, chief financial officer at Vodafone (VOD) has bought 356,000 shares at 72p for a total value of £256,213 on 20 May.
Mucic’s move comes after the telecoms group announced details of a €500 million share buyback programme and said its full year 2025 results were in line with expectations.
Vodafone’s total revenue increased by 2% to €37.4 billion compared to €36.7 billion last year ‘with strong service revenue growth partially offset by foreign exchange movements.’
Year-to-date Vodafone shares have gained over 10%.
Merger with Three UK
Back in 2023, Vodafone announced that its domestic business was merging with its mobile rival Three UK in a £16.5 billion deal.
The merger will create a network of more than 27 million subscribers and was completed on 31 May.
The newly merged company VodafoneThree is 51% owned by Vodafone and 49% owned by CK Hutchinson Group Telecom Holdings Limited, it said in a statement on 2 June, adding that it plans to invest £1.3 billion in its first year.
FUTURE DIRECTOR BUYS 7,682 SHARES
Sharjeel Suleman, chief financial officer of publishing firm Future (FUTR) has bought 7,682 shares at 647.53p for a total value of £49,743 on 23 May.
Over the past year Future shares have fallen 38% as the company struggles with macroeconomic uncertainty and foreign exchange headwinds.
In May, the company reported a 3% fall in adjusted revenue to £378.4 million for the half year ending 31 March with a flat performance from its largest B2C (business-to-consumer) division.
Suleman could be taking advantage of the publishing firm’s depressed share price for the purchase.
BEEKS FINANCIAL CEO SELLS 260,000 SHARES
Gordon McArthur, CEO at data infrastructure company Beeks Financial Cloud (BKS:AIM) has sold 260,000 shares at 213.90p for a total value of £556,140 on 28 May.
McArthur cited ‘personal reasons’ for the move.
After this dealing McArthur retains a substantial shareholding of 21,093,440 ordinary shares, representing 31.3% of the total enlarged issued share capital of the company.
Year-to-date Beeks’ shares have fallen 27% despite positive results for the six months ending 31 December (17 March) which saw the cloud computing firm report a 22% increase in revenues to £15.79 million.
