Tesco finance director adds more to his basket

published 9 August 2011

Laurie McIlwee, finance director at Tesco, Britain's biggest retailer, has bought 13,617 ordinary shares at 364.8p. The £49,675 purchase brings McIlwee's total number of shares to 340,215. McIlwee joined the board at Tesco at the start of 2009, having undertaken previous roles within the company as UK finance director and distribution director. In June, Tesco reported that its like-for-like sales growth remained negative in the first quarter, although the result was an improvement on the previous three month period.In the 13 weeks to 28 May, Tesco's UK like-for-like sales excluding petrol and the impact of VAT were down by 0.1% from the same period a year ago, against analysts' predictions of slight growth. Total sales grew by 7% including petrol and VAT.The chief executive officer of the supermarket giant, Richard Brasher, also bought 240 shares at 377.534p just last week. Top Director BuysF&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 350,000 @ 60.02p Value: £210,070Breedon Aggregates Ltd. (BREE) Director name: Mr Peter W G TomAmount purchased: 300,000 @ 19.75p Value: £59,250Tesco (TSCO) Director name: Mr Laurie McIlweeAmount purchased: 13,617 @ 364.80p Value: £49,675Bodycote (BOY) Director name: Mr Stephen C HarrisAmount purchased: 16,948 @ 292.10p Value: £49,505Hill & Smith Holdings (HILS) Director name: Mr Derek W MuirAmount purchased: 15,343 @ 278.82p Value: £42,779St. Modwen Properties (SMP) Director name: Mr Steve BurkeAmount purchased: 25,978 @ 158.78p Value: £41,248Breedon Aggregates Ltd. (BREE) Director name: Mr David WilliamsAmount purchased: 200,000 @ 18.75p Value: £37,500Hill & Smith Holdings (HILS) Director name: Mr W H WhiteleyAmount purchased: 10,750 @ 281.50p Value: £30,261Filtronic (FTC) Director name: Mr Hemant MardiaAmount purchased: 111,112 @ 22.50p Value: £25,000Xstrata (XTA) Director name: Mr David RoughAmount purchased: 2,500 @ 967.00p Value: £24,175