This study examines the patterns of, and long-run returns to, directors’ (insiders’) trades along the Value/Glamour continuum in all stocks listed on the main London Stock Exchange from 1986-2003, and analyzes what these directors’ trades add to a “naïve” value-glamour strategy. We...

We examine the practice of share repurchases in the UK. We find that an important regulatory reform in 2003, which relaxed previously strict rules about repurchases, was followed by a significant increase in repurchase activity by UK listed firms. However, unlike in the US, repurchases remain a...

We examine the practice of share repurchases in the UK from 2000 to 2016 We find that an important regulatory reform in 2003, which relaxed previously strict rules about repurchases, was followed by a significant increase in repurchase activity by UK main-market listed firms We then examine the...