Nursery Today magazine

Bosses buy up shares

The Telegraph has reported that business leaders have spent a total of £225,968 on share purchases.

With Mothercare and Debenhams reporting a drop in Christmas trading, the retail bosses have spent nearly a quarter of a million pounds of their own money to prop up share prices, according to the Telegraph.

 

The newspaper reported that in an attempt to prop up share prices, Debenhams Chairman Ian Cheshire and Chief Executive Sergio Butcher havespent £51,415 and £49,956 buying shares at 29p.

 

Mothercare’s boss, Mark Newton-Jones bought £218,387 shares at a cost of £99,802 while Finance Chief Glyn Hughes also bought £24,795 of shares.

 

Both Mothercare and Debenhams have slashed their profit forecasts after Christmas trading fell short of expectations.


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