Did He Have the Knowledge?, I think he did.

On Thursday £5bn was wiped off the value of Tesco’s shares which fell 16%
Why then did Bob Robins Tesco executive sell 50.000 of his shares a week before it happened so making a killing of £44.000.


Tesco did not think this odd or illegal, and stated that he was not aware of the fall in profits.
Well “ Pigs might fly.
All Directors and Executives of Companies are in the know and acutely aware of the storms ahead. As usual it is ‘One law for the rich.

The British public is now wise to the methods of supermarkets
Yes, they do have many offers of ‘Two for one’ on the cheaper food items, but make a huge profit to offset that on the more expensive goods.

Many people are sensibly now shopping at Aldi and Lidl, especially for non food items
Why pay double for Washing Powder and T Rolls to flush down the drain?
Also, they have a better selection of Continental Cheeses and Cooked meats.
Their Swiss Chocolates and Biscuits are second to none and they have many tools and household goods at half the price of other brands.

azure
.

The answer to your thread title, Azure is, IMO, almost certainly. Some people are still living under the 'I'm all right, Jack' ethos of the Thatcher era.

Hi Les

I agree. Tesco's are standing by him. Well they would, wouldn't they!

Apparently this is normal procedure, and he had no indication of the shares being devalued.

The UK Company rules clearly state that it is illegal for Dirctors and Members of the Board to use knowldge of the Companyto buy and sell shares, profiteering at the Investers expense.

In this instance it doesn't seem to matter!.

azure