Non-Executive Director of Tesco, Stuart Chambers, has shown his support for the supermarket giant just one week after the company said it would pump one billion pounds into a revamp of its UK operations.
Chambers, 55, who was appointed to his post in 2010, bought up 19,500 shares at 321.35p each for a total of £62,663.
Tesco said the new investment in the UK, its most important market, would lead to improved staffing levels, giving stores a 'warmer look and feel' and offering better prices and product ranges.
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The announcement came as the firm unveiled full year results in like with market consensus, although the firm's woes were highlighted by a 0.6% fall in its reported UK sales, excluding petrol and VAT.
Profits at the UK operation fell 1% to £2.5bn compared with the year before.
Like-for-like sales in the UK, excluding VAT and petrol, fell 1.6% in its fourth quarter, with analysts saying the company had taken its eye off its home market while chasing expansion in Asia and the US.
Top Director Buys
Director name: Mr Stuart J Chambers
Amount purchased: 19,500 @ 321.35p
Hochschild Mining (HOC)
Director name: Mr Ignacio Bustamante
Amount purchased: 12,890 @ 478.99p
Top Director Sells
Director name: Mr Michael J Roney
Amount sold: 19,530 @ 1,020.97p
Director name: Mr Brian May
Amount sold: 9,982 @ 1,020.97p
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