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Tesco PLC

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  • 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.

  • 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.