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Cut price Tesco shares flying off the shelf

Fri, 20th Jan 2012 11:54

Ken Hydon, a non-executive director of Tesco, the UK's largest supermarket chain, has filled his trolley with £96,000-worth of shares, just a week after the retail giant issued a warning which said trading profit would be flat for the 2012-13 financial year. Hydon, who is chairman of the firm's audit committee, bought up 30,000 shares at 320p each. Tesco shares have nose-dived since the firm's post-Christmas statement revealed the company had not only suffered its worst festive period in two decades, but that UK sales were falling and hundreds of millions of pounds would need to be spent on improving UK stores. The statement sent the chain's value plummeting by £5bn, although the stock has regained some ground after Warren Buffett, the legendary American investor, significantly boosted his stake in the supermarket giant from 3.6% to 5.1%. Buffett made the purchase on January 12th through his investment vehicle, Berkshire Hathaway. Masoud Alikhani, Executive Chairman of Berkeley Mineral Resources, the Zambia-focused minerals company, has dug deep and purchased 1.2 million shares in the firm at 3.89p each. The move takes his stake in the company to over 20 million shares, equivalent to 2.03% of the issued share capital. In recent weeks the company's share price has reversed the pattern of the past six months, gaining over 60% in the last four weeks. In December the firm bought an option on stockpiles of copper tailings - the residue of mining activity which often become available for processing after a mine has closed - located in the Chingola area in the north of Zambia.Speaking at the time, Alikhani said of the deal: "Zambia is already the world's third largest exporter of copper. Substantial long-term profits and cash-flow will accrue to us from the compelling economics of the resources BMR can acquire at Chingola."Top Director BuysTesco (TSCO) Director name: Mr Ken J HydonAmount purchased: 30,000 @ 320.00p Value: £96,000Berkeley Mineral Resources (BMR) Director name: Mr Masoud AlikhaniAmount purchased: 1,200,000 @ 3.89p Value: £46,680Top Director SellsPolar Capital Holdings (POLR) Director name: Mr B J D Ashford-RussellAmount sold: 700,000 @ 190.00p Value: £1,330,000Mood Media Corp. (DI) (MM.) Director name: Mr Justin BeckettAmount sold: 49,800 @ 166.66p Value: £82,997NR

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3 Sep 2014 16:00

Sector movers: Evraz, Ferrexpo lead industrial miners higher on Ukraine hopes

Peace talks in Ukraine were giving the industrial metals and mining sector in London a big boost on Wednesday. Steel group Evraz and iron ore producer Ferrexpo, which both have assets eastern Europe, were among the best performers in the sector, up over 5% and 3% in afternoon trade, respectively.

19 Aug 2014 11:50

Berkeley Mineral receives approval for Zambian mining project

Berkerley Mineral Resources' (BMR) wholly owned subsidiary Enviro Processing Limited (EPL) has received approval from the Zambian Environmental Management Agency for its lead-zinc recovery and copper processing at Kabwe. The approval is subject to conditions relating to the monitoring of protectio

19 Aug 2014 08:36

Berkeley Mineral Resources Shares Surge On Kabwe Project Approval

19 Aug 2014 07:38

CORRECT: UK MORNING BRIEFING: Surging Market Leaves BHP Behind

19 Aug 2014 07:22

UK MORNING BRIEFING: Surging UK Market Leaves BHP Shares Behind

1 Jul 2014 10:14

Berkeley Mineral Resources Conditionally Raises GBP1.0 Million In Placing

24 Jun 2014 12:57

Berkeley Mineral Resources Slides As Kabwe Project Approval Is Deferred

11 Jun 2014 11:04

Berkeley Mineral Resources Says Kabwe Project Approval Deferred

LONDON (Alliance News) - Berkeley Mineral Resources PLC shares dropped on Wednesday after the company said the Zambian Environmental Management Agency has decided to defer its Berkeley's environmental impact statement for the Kabwe project while it consults with relevant organisations. Berk

30 May 2014 12:34

Berkeley Mineral Resources Hasn't Received Environmental Decision For Kabwe

LONDON (Alliance News) - Berkeley Mineral Resources PLC Friday said it has not received a decision from the Zambian Environmental Management Agency over the development of its Kabwe lead-zinc recovery project and copper processing plant within the anticipated schedule. The AIM-listed resour

15 Apr 2014 09:13

Berkeley Mineral Resources Gets Approval For Kabwe Project At Public Meeting

LONDON (Alliance News) - Berkeley Mineral Resources PLC Tuesday said that its processing proposals for its Kabwe lead-zinc recovery project and copper processing plant in Zambia, was approved at a public meeting. The AIM-listed resource company with operations in Zambia, said that it expect

15 Apr 2014 07:50

UK MORNING BRIEFING: Aggreko Leads After Mixed Results

LONDON (Alliance News) - Aggreko is leading the FTSE 100 in early trading Tuesday after the temporary power company said it has seen mixed results in its first quarter, with strong underlying revenue growth in two of its three regions being impacted by adverse currency movements as previously exp

2 Apr 2014 11:41

DIRECTOR DEALINGS: Berkeley Minerals Chairman Buys 1.5 Million Shares

LONDON (Alliance News) - Berkeley Mineral Resources PLC Wednesday said Chairman Masoud Alikhani purchased 1.5 million shares in the company at an average price of 1.30 pence per share Tuesday. Following this transaction, Alikhani will hold a total of 24 million shares in representing 2.08%

1 Apr 2014 14:24

DIRECTOR DEALINGS: Berkeley Mineral Resources Non-Executive Buys Shares

LONDON (Alliance News) - Berkeley Mineral Resources PLC Friday said non-executive Director Horacio Furman bought 1 million shares at a price of 1.33 pence per share Monday and now holds 4 million shares in total. Shares in the mining company were untraded at 1.30 pence Tuesday afternoon.Read more

28 Mar 2014 14:28

DIRECTOR DEALINGS: Berkeley Mineral Resources Non-Executive Director Buys Shares

LONDON (Alliance News) - Berkeley Mineral Resources PLC said its non-executive Director Mark Wainwright bought 850,000 shares in the company at an average price of 1.26 pence per share on Friday. Following the transaction, Wainwright will hold a total of 2.3 million shares in the company.Read more

28 Mar 2014 13:25

UK MIDDAY BRIEFING: FCA To Review Pensions, Life Insurance Policies

LONDON (Alliance News) - The life insurance sector was dragging down UK stock indices again Friday after the UK Financial Conduct Authority said it is set to begin an inquiry into up to 30 million policies sold from in the years prior to 2000.

The FTSE 350 sector is down 5.0% in rea

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