Tesco Share Sale: Iffy Or What?!

[Philtaz]

I hope that this will be properly investigated by the relevant authorities.

http://www.bbc.co.uk/news/uk-16558551

Surely there must have been some form of disclosure just prior to the sale?

Or is the senior exec involved just psychic, particularly in the field of impending doom?

[Messi_Ten]

Definitely insider trading, they're all in it together!

We're all in it together, paying for it!

[New Judge]

"The supermarket giant said it was confident that its UK chief operating officer had not possessed any price-sensitive information at the time the sale was approved."

If the Chief Operating Officer of a major company did not know, three days before a profits warning, what the contents of that warning would be and its likely effect on the share price, he was not doing his job properly.

[Everhelpful]

Correct,New Judge.

[ludwig]

Pure coincidence. He's obviously just very lucky. How on earth would the CEO of a company possibly be privy to any 'inside' information that might have a bearing on the value of it's shares?