8th Jan 2016 11:41
LONDON (Alliance News) - Poundland Group PLC on Friday said Supply Chain Director Andy Monk bought 8,337 shares at a price of 170.5 pence per share on Thursday.
The purchase takes Monk's holding to 1.8 million shares, which represents a 0.67% stake.
On Thursday Poundland's shares sank after the discount retailer added to the picture of woe for the UK retail sector over the key Christmas sales period.
Due to sluggish holiday trading, Poundland said it expects its pretax profit for the year to March to be at the lower end of market expectations, as some of the weak trading seen in the first half of its current financial year continued into the third quarter.
The stock was up 2.4% at 171.90p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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