Jumat, 20 Januari 2012

Buffett ups stake in Tesco after profit warning

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LONDON | Thu Jan 19, 2012 12:22pm GMT

Buffett's Berkshire Hathaway Inc (BRKa.N) increased its stake in the British supermarket group from 3.21 percent to 5.08 percent as of January 13, a regulatory filing showed on Thursday.

That's a day after Tesco (TSCO.L) warned trading profit for its 2012-13 financial year would be flat as it steps up investment in its home market following its worst underlying Christmas sales performance for decades.

(Reporting by Mark Potter. Editing by Jane Merriman)



Source REUTERS



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