Three of Greencore Group's non-executive directors could be seen picking through the rubble of the convenience food manufacturer's shares on Wednesday, a day after a warning from its finance chief sent them crashing lower.
On Wednesday, Kevin F.O'Malley, Heather Ann McSharry and Gary Kennedy purchased £12,500, £25,500 and £36,330-worth of shares, respectively, the company said in separate statements.

The day before, the Irish food company told investors to expect lower full-year 2018 earnings per share, undermining investors' and analysts' faith in management's promises.

Greencore cited the “weak performance of the Group's underutilised original sites in the first half of FY18, combined with the timing of new business contributions, and the current GBP/USD exchange rate,” for its lowered guidance.

In the wake of its trading update, at least three brokers, Peel Hunt, Davy and Numis downgraded their recommendations for the shares.

Top Director Buys

Action Hotels (AHCG)
Director name: A M Al-Sabah,Mubarak
Amount purchased: 9,715,463 @ 23.00p
Value: £2,234,556.53

Greencore Group (GNC)
Director name: Coveney,Patrick F
Amount purchased: 68,000 @ 127.50p
Value: £86,700.00

Greencore Group (GNC)
Director name: Kennedy,Patrick Gary
Amount purchased: 30,000 @ 121.10p
Value: £36,330.00

Greencore Group (GNC)
Director name: McSharry,Heather Ann
Amount purchased: 20,000 @ 127.50p
Value: £25,500.00

Dialight (DIA)
Director name: Bird,Stephen
Amount purchased: 3,728 @ 525.00p
Value: £19,572.00

Proactis Holdings (PHD)
Director name: Aubrey,Alan John
Amount purchased: 12,000 @ 155.00p
Value: £18,600.00

Proactis Holdings (PHD)
Director name: Wall,Hampton
Amount purchased: 12,000 @ 155.00p
Value: £18,600.00

Proactis Holdings (PHD)
Director name: Potts,Rodney
Amount purchased: 12,000 @ 155.00p
Value: £18,600.00

Baring Emerging Europe (BEE)
Director name: Thomson ,Calum
Amount purchased: 1,764 @ 844.96p
Value: £14,905.09

Proactis Holdings (PHD)
Director name: Sykes,Timothy J
Amount purchased: 7,001 @ 155.00p
Value: £10,851.55

Puretech Health (PRTC)
Director name: Langer,Robert
Amount purchased: 4,300 @ 162.00p
Value: £6,966.00

Aviva (AV.)
Director name: Briggs,Andrew
Amount purchased: 42 @ 523.15p
Value: £219.72

Aviva (AV.)
Director name: Amin,Nitinbhai
Amount purchased: 42 @ 523.15p
Value: £219.72

Emis Group (EMIS)
Director name: Southby,Peter
Amount purchased: 21 @ 725.00p
Value: £152.25

Top Director Sells

Man Group (EMG)
Director name: Rattray,Sandy
Amount sold: 133,042 @ 174.79p
Value: £232,548.78

Man Group (EMG)
Director name: Sorrell,Jonathan
Amount sold: 97,095 @ 174.79p
Value: £169,715.75

Man Group (EMG)
Director name: Grew,Robyn
Amount sold: 77,941 @ 174.79p
Value: £136,235.81


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