Another Tesco director races to the checkout
A round-up of the biggest director buys today so far.
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
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