Another Tesco director races to the checkout

Senior Independent Director of Tesco's, Patrick Cescau, has become the third director to hit the till with a trolley load of shares this month.

Cescau footed a £60,247 bill having purchased 18,340 shares at 328.5p each.

It's proved to be something of a trolley-dash in the past few weeks, with Non-Executive Director Ken Hydon stocking up on 30,000 shares on Friday and Non-executive Chairman Richard Broadbent, also dipping into his back pocket earlier in the month.

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All the purchases follow Tesco's recent sales performance which fell below expectations, prompting the company to advise full-year trading profit growth will be around the low end of the range of analysts' expectations.

Tesco's share price has fallen 15% in the past month, but risen 7% in the last week.

Top Director Buys

Tesco (TSCO)

Director name: Mr Patrick J P Cescau

Amount purchased: 18,340 @ 328.50p

Value: £60,247

Midas Income & Growth Trust (MIGT)

Director name: Mr Ian Davis

Amount purchased: 15,000 @ 105.00p

Value: £15,750

Nighthawk Energy (HAWK)

Director name: Mr Stuart Eaton

Amount purchased: 520,000 @ 2.50p

Value: £13,000

Midas Income & Growth Trust (MIGT)

Director name: Mr Adam Cooke

Amount purchased: 10,000 @ 105.00p

Value: £10,500

Top Director Sells

Compass Group (CPG)

Director name: Mr Gary Green

Amount sold: 458,750 @ 613.69p

Value: £2,815,303