GO
Loading...

Tesco PLC

More

  • NEW YORK, Oct 24- Tesco Plc has been hit with a proposed class action lawsuit in the United States by investors over accounting irregularities at Britain's largest retailer. The lawsuit was brought by Irving Fireman's Relief and Retirement Fund on behalf of purchasers of Tesco's American depository shares from Feb. 2 to Sept. 22. The lawsuit accused Tesco and...

  • Oct 24- E-cigarette seller Electronic Cigarettes International Group Ltd has postponed its public offering due to unfavorable market conditions, an analyst at underwriter Canaccord Genuity told Reuters on Friday. Grand Rapids, Michigan- based Electronic Cigarettes is among a number of e-cigarette companies whose stocks are traded over-the-counter in...

  • BUSINESS-NEWS-SCHEDULE AT 1230 GMT / 8.30 AM ET Wednesday, 22 Oct 2014 | 9:05 AM ET

    LONDON- European shares slip and the euro hit a one-week low as reports that at least 11 banks could fail a region-wide financial health check this weekend offset hopes of corporate bond buying by the ECB. MADRID/ VIENNA- The European Central Bank cautions against speculation over the outcome of its stress tests after a media report says at least 11 banks have...

  • Warren Buffett just lost ANOTHER $1B on this Tuesday, 21 Oct 2014 | 9:31 AM ET
    Warren Buffett

    Spare a thought for Warren Buffett, whose portfolio is not doing him any favors this week.

  • New Tesco boss Dave Lewis must look at selling assets in Britain and abroad.

  • Buffett sells off ‘huge mistake’ Tesco Thursday, 16 Oct 2014 | 5:17 AM ET
    Warren Buffett

    Warren Buffett, the legendary investor and chairman and chief executive of Berkshire Hathaway, has cut the company’s stake in UK supermarket Tesco.

  • Carrefour sales growth slows on southern Europe Thursday, 16 Oct 2014 | 2:10 AM ET

    Carrefour, the world's second-biggest retailer, said on Thursday that like-for-like sales growth slowed in the third quarter, reflecting low consumer sentiment in austerity-hit southern Europe, and falling fruit and vegetable prices across the region.

  • Tesco suspends 3 more employees in accounting probe Tuesday, 14 Oct 2014 | 7:16 AM ET
    Tesco's virtual grocery store in the Gatwick Airport is an example of how the physical and digital worlds are expected to be fused together in 25 years.

    Britain's biggest retailer Tesco has suspended another three employees as part of a probe into a 250 million pounds ($399 million) profit mis-statement, taking the total number of suspended staff to eight.

  • Europe closes mixed; airlines climb as oil slides Monday, 13 Oct 2014 | 11:42 AM ET

    European shares closed mixed on Monday, as positive data from China failed to boost sentiment.

  • Tesco asks another senior executive to step aside Tuesday, 7 Oct 2014 | 7:02 AM ET

    Tesco has asked a fifth senior executive to step aside as it probes an overstatement of its expected profits, the Financial Times reports.

  • Oct 6- Private equity buyout firm TPG has approached troubled British grocer Tesco PLC to buy its data gathering and analysis subsidiary Dunnhumby, which is worth well over 2 billion sterling, the Sky News reported on Monday. TPG's offer to Tesco came several months ago, when Philip Clarke was still chief executive, Sky News said, citing a source.

  • Oct 6- Private equity buyout firm TPG has approached troubled British grocer Tesco PLC to buy its data gathering and analysis subsidiary Dunnhumby, which is worth well over 2 billion sterling, the Sky News reported on Monday. TPG's offer to Tesco came several months ago, when Philip Clarke was still chief executive, Sky News said, citing a source.

  • Europe shares pare gains as earnings eyed Monday, 6 Oct 2014 | 11:40 AM ET

    It was a positive start to the week for stocks in Europe, although the German DAX pared gains following disappointing data from the country.

  • Tesco boosts board after accounting scandal Monday, 6 Oct 2014 | 2:41 AM ET

    Tesco has beefed-up its board with the appointment of two new non-executive directors who provide retail and international experience.

  • Warren Buffett: I made a mistake on Tesco Friday, 3 Oct 2014 | 11:40 AM ET
    Warren Buffett

    Billionaire Warren Buffett says he made a big mistake investing in Tesco.

  • Buffett's Good, Bad & Ugly includes a big mistake Thursday, 2 Oct 2014 | 11:04 AM ET
    Warren Buffett

    Thursday's Good, Bad and Ugly is all Warren Buffett, talking about a bet he made, how he doesn't like bonds, and his big regret.

  • Oct 2- Warren Buffett, the billionaire chairman and chief executive officer of conglomerate Berkshire Hathaway Inc, praised Coca-Cola's altered executive compensation plan on Thursday. Buffett also said Burger King Worldwide Inc's $11.5 billion purchase of Tim Hortons Inc was not a tax-motivated deal. " Berkshire committed $3 billion in preferred equity...

  • ‘Ambulance chasers’ eye troubled Tesco Wednesday, 1 Oct 2014 | 6:48 AM ET

    U.S. law firms are appealing for burnt investors in Tesco to get in touch, after the supermarket giant revealed it had massively overstated profits.

  • Sainsbury's shares slide on dented Q2 sales Wednesday, 1 Oct 2014 | 3:33 AM ET
    A man puts a shopping bag into a car outside a Sainsbury's store in London

    U.K. supermarket chain J Sainsbury saw sales slip in its second quarter, with shoppers making more frequent visits but spending less on each trip.

  • UK watchdog launches investigation into Tesco Wednesday, 1 Oct 2014 | 3:05 AM ET

    Tesco said Britain's financial watchdog had started a full investigation into the company in the wake of a major accounting scandal.