- Tesco chair snaps up £148,467 shares
- Fevertree CFO, non-executive directors buy shares
- Liontrust directors buy £62,500 shares
Chair of the UK’s biggest supermarket chain Tesco (TSCO), Gerry Murphy, has bought 40,000 shares at 371p in a trade with a total value of £148,467 on 29 January.
Murphy’s move comes after Tesco reported a strong third quarter and Christmas trading update in early January, gaining the ‘highest market share since 2016.’
However, investors were disappointed by a lack of profit upgrade. Over the past year, Tesco shares have gained 28%.
FEVERTREE DIRECTORS SNAP UP SHARES
Dominic De Lorenzo, non-executive director, Andy Branchflower CFO and executive director and Kevin Havelock, senior independent non-executive director of posh tonics maker Fevertree (FEVR:AIM) have all bought shares on 30 January.
De Lorenzo bought 8,872 shares at 785p for a total value of £69,645, Branchflower bought 31,688 shares at 785p for a total value of £248,751 and Havelock bought 122,492 shares at 771p for a total value of £944,413.
The purchases come after the company announced a transformational strategic partnership with beer maker Molson Coors (TAP:NYSE) which sent the shares up 20% higher on the day (30 January). Fevertree shares are up 18% year-to-date.
LIONTRUST CFO AND CEO BUY 62,500 SHARES
Vinay Abrol, CFO of fund manager Liontrust (LIO) has bought 25,000 shares at 396p in a trade with a total value of £99,000 on 22 January.
John Ions, CEO of Liontrust bought 37,500 shares at 400p on 22 January.
The buying by Abrol and Ions comes after the fund manager reported net outflows of £1.6 billion and a 5% fall to £24.6 billion in AUMA (assets under management and advice) for the three months ending 31 December.
Ions at the time of reporting the results (15 January) said Liontrust and other active fund managers ‘are still facing external headwinds’ however he expressed some hope for the future by saying ‘we believe the impact will lessen over the course of 2025’.
