Dealers are speculating that property entrepreneur Robert Tchenguiz could be adding to his stake in J Sainsbury. After the market closed on May 30, a number of large trades were revealed to have taken place, including one transaction of £3.6 million shares at 551.6p.
J Sainsbury shares rose five to 555p and, with Tchenguiz already owning five per cent of the company, dealers think that at this level he will be buying more shares.
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