Investment guru Warren Buffett has raised his stake in Tesco to over 3%.
Buffett's investment firm Berkshire Hathaway has bought around two million shares in the retail giant, taking its stake to 242 million, or 3.02%. Earlier this month, Tesco CEO Sir Terry Leahy said he was stepping down from the company next March after 14 years at the helm. At 12.17pm, Tesco shares were up 0.76% to 399p.
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
