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(Sharecast News) - Among the London-listed companies disclosing director share purchases on Friday was Hays, whose chair made a show of confidence following a sharp share price decline.
Michael Findlay, non-executive chair of the FTSE 250 recruitment firm, bought 34,382 shares at a price of 57.88p each on 19 June.
The purchase came on the same day Hays issued a profit warning that sent its shares tumbling.
Hays cited a broad-based slowdown in permanent hiring and lowered its full-year profit forecast to around 45m, significantly below analyst expectations.
The trading update flagged declines in key markets including the UK, Germany and Australia, with weak client and candidate confidence weighing on activity.
Elsewhere, Rob Shepherd - chief financial officer of RC Fornax - acquired 93,000 shares in the AIM-quoted defence engineering firm across two tranches.
On 18 June, Shepherd purchased 68,000 shares at 27.5p each, followed by a further 25,000 shares at 25p on 19 June, for an average price of 26.8p.
The transaction increased his stake to approximately 0.16% of the company's total voting rights.
By 1321 BST, shares in Hays were up 2.13% at 64.65p, while those in RC Fornax were ahead 8.74% at 28p.
Reporting by Josh White for Sharecast.com.
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