date:Mar 18, 2014
Morrisons five non-executive directors have collectively bought almost 180,000-worth of shares in a show of support for the supermarket chains new strategy of taking on discounters Aldi and Lidl.
The quintet, led by chairman Sir Ian Gibson, went into the market on Friday to buy the shares at 203.1p just a day after Morrisons warned it was starting a price war that would see underlying profits more than halve to 325m-375m in the current 2014-2015 financial year.
The news sent the shares down 1