Buffett shops at Tesco for £120m stake

Berkshire Hathaway., Buffett's investment vehicle, bought 34 million shares in the group in the last week of August, valued at around $185.5m at the time, the person said, according to the Wall Street Journal. The move reportedly raises Berkshire's stake in the group to 3.64% from 3.21%. Buffett has previously criticised Tesco's move into the US market, where the company operates around 175 stores-mainly along the west coast of California but made an operating loss of £186m in the year ended 26 February. However, the stake increase as the supermarket giant prepares to report on its...