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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Director dealings: Mitchells & Butlers CEO makes share sale

(Sharecast News) - Mitchells & Butlers revealed on Thursday that chief executive Phil Urban had disposed of 16,049 ordinary shares in the FTSE 250-listed pub landlord. Urban, who sold the shares to cover tax liabilities, offloaded the shares on Wednesday at an average price of 241.50p each, for a total value of £38,758.33.

As of 1600 GMT, M&B shares were down 1.44% at 239.50p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Ocado Group (OCDO) Director name: Daintith,Stephen Amount purchased: 50 @ 295.70p Value: £147.85

Ocado Group (OCDO) Director name: Steiner,Tim Amount purchased: 50 @ 295.70p Value: £147.85

Top Director Sells

Mitchells & Butlers (MAB) Director name: Urban,Phil Amount sold: 16,049 @ 241.50p Value: £38,758.33

Mitchells & Butlers (MAB) Director name: Jones,Timothy (Tim) Charles Amount sold: 13,429 @ 241.50p Value: £32,431.03

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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