LONDON (ShareCast) - The Group Finance Director of Domino Printing sold 72,763 pounds-worth of shares on Tuesday, the same day the company warned investors that market conditions continued to be 'difficult' in many regions.

Andrew Herbert, who joined the company in 1986, disposed of a total of 11,160 shares at 652p a time, reducing his stake to 45,474 shares.

On Tuesday the group said that in some areas, such as India, it had seen signs of possible deterioration, with conditions worsening in the past quarter amid signs some customers were reducing their capital spend. Sales made in India represent approximately 6% of group turnover.

For the 10 months to the end of August, conditions in Europe restricted revenue growth to low single digits, while in North America the market was more resilient and revenues climbed by more than 10%. Asia delivered "good progress" in many markets, with growth reported in China.

The group warned: "Translation effects resulting from the recent significant weakening in the value of the Indian rupee compared to sterling will marginally impact our reported results this year, but there will be a greater impact next year if the present exchange rate position continues."

Across the group sales rose 7% on a like-for-like basis, with growth in the core business up 5%, equipment revenues up 6%, fluids and other consumables up 7%, and spares and services revenues climbed 8%.

Domino continued: "There is little evidence that more positive economic news reported recently is yet having an impact on the confidence of our customers or their investment plans [...] We therefore remain cautious about market conditions in general, but remain confident that current growth levels will be maintained for the year as a whole."


Top Director Buys

CLS Holdings (CLI)
Director name: Mr Sten Mortstedt
Amount purchased: 13,000 @ 1,160.00p
Value: £150,800

Volga Gas (VGAS)
Director name: Mr Steven Ogden
Amount purchased: 100,000 @ 85.00p
Value: £85,000

Betfair Group (BET)
Director name: Ms Zillah Byng-Maddick
Amount purchased: 2,500 @ 1,052.00p
Value: £26,300

ServicePower Technologies (SVR)
Director name: Mr Lindsay C N Bury
Amount purchased: 600,000 @ 3.88p
Value: £23,280

ServicePower Technologies (SVR)
Director name: Mr Lindsay C N Bury
Amount purchased: 400,000 @ 4.40p
Value: £17,600

Enteq Upstream (NTQ)
Director name: Mr Robin H. Pinchbeck
Amount purchased: 30,000 @ 58.40p
Value: £17,520


Top Director Sells

CML Microsystems (CML)
Director name: Mr Nigel G Clark
Amount sold: 58,139 @ 525.00p
Value: £305,230

Allocate Software (ALL)
Director name: Mr Ian Lang
Amount sold: 280,000 @ 101.00p
Value: £282,800

Volga Gas (VGAS)
Director name: Mr Vladimir Koshcheev
Amount sold: 100,000 @ 85.00p
Value: £85,000

Domino Printing Sciences (DNO)
Director name: Mr Andrew Herbert
Amount sold: 11,160 @ 652.00p
Value: £72,763

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