Buffett firm increases Tesco stake

Warren Buffett’s Berkshire Hathaway has increased its holding in Tesco to 5.08% of its shares from 3.21%.

Buffett firm increases Tesco stake
Thu, 19 Jan, 2012 - 15:28

Warren Buffett’s Berkshire Hathaway has increased its holding in Tesco to 5.08% of its shares from 3.21%.

The move by the veteran investor known as the sage of Omaha, came after the supermarket giant saw £5bn (€3.87bn) wiped from its share price in a single day following a profits warning.

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