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Tesco PLC

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  • Prosecutor confirms Tesco criminal investigation Wednesday, 29 Oct 2014 | 11:00 AM ET

    U.K.'s Serious Fraud Office confirmed it has formally launched a criminal investigation into accounting practices at Tesco.

  • LONDON, Oct 29- Britain's Serious Fraud Office confirmed on Wednesday it had formally launched a criminal investigation into accounting practices at Tesco Plc, Britain's largest retailer. The financial regulator, the Financial Conduct Authority, promptly confirmed it was discontinuing its own separate investigation with immediate effect following a...

  • 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...

  • European shares traded lower, amid concerns about the results of Europe's bank stress tests and the first Ebola case in New York.

  • Europe closes higher; earnings in focus Thursday, 23 Oct 2014 | 11:34 AM ET

    European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of worries over lackluster earnings.

  • Tesco profits plummet, chairman resigning Thursday, 23 Oct 2014 | 7:12 AM ET

    Tesco's earnings statement reveals that the UK supermarket giant had overstated profits for the first half of 2014 by £263 million.

  • Warren Buffett's bad week: $2.5B lost on two stocks Wednesday, 22 Oct 2014 | 9:31 AM ET
    Warren Buffett

    Warren Buffett is happy to admit his mistakes when he makes them—just don't remind him how much money he lost in the process.

  • 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.