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Tesco PLC

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  • 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.

  • Aldi profit booms amid UK supermarket wars Monday, 29 Sep 2014 | 8:38 AM ET

    Discount supermarket Aldi has had a record year in the U.K. and Ireland, seeing a 65 percent jump in profits in the region.

  • Buffett loses big on Tesco share dive Thursday, 25 Sep 2014 | 6:03 AM ET
    Warren Buffett, chairman of Berkshire Hathaway Inc., tours the exhibition floor prior to the Berkshire Hathaway shareholders meeting.

    Warren Buffett has lost over $700 million on his investment in U.K. supermarket Tesco, which has seen shares fall around 43 percent this year.

  • LONDON, Sept 23- Tesco Plc's disclosure of huge accounting mistakes over contracts with its suppliers shocked industry analysts and executives, but not because they didn't realise the potential for disaster.

  • Europe shares close lower, after weak PMIs Tuesday, 23 Sep 2014 | 12:13 PM ET

    European shares closed lower on Tuesday, due to weak economic data and new tax rules in the U.S. hitting the pharmaceutical sector.

  • Tesco crisis deepens as sales fall and new CFO joins Tuesday, 23 Sep 2014 | 5:02 AM ET

    Tesco, the UK supermarket chain battling an apparent $409m accounting error, has said its new finance director will start months earlier than planned.

  • European shares close lower; Tesco tanks Monday, 22 Sep 2014 | 12:11 PM ET

    European shares closed down on Monday, with sentiment curbed by lower commodity prices as well as an profit warning from supermarket Tesco.

  • Tesco’s execs suspended in $409m profit probe Monday, 22 Sep 2014 | 5:14 AM ET

    U.K. supermarket's shares open down 11% after warning it overstated its half-year profits by £250M, appoints Deloitte to investigate.

  • Markets stage relief rally on 'no' vote in Scotland Friday, 19 Sep 2014 | 7:38 AM ET

    European shares opened sharply higher Friday, after the vote count in a historic referendum showed Scotland said no to independence.