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Tesco plc

A collection of news and information related to Tesco plc published by this site and its partners.

Top Tesco plc Articles see all

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  • Tesco accounting probe finds 'inappropriate behavior' by staff: reports

    LONDON (Reuters) - The investigation into a 250 million pound ($402 million) profit overstatement at supermarket operator Tesco Plc has unearthed evidence of "inappropriate behavior" by staff, two national newspapers reported on Sunday.
  • Buffett cuts Tesco stake to below 3 percent

    LONDON (Reuters) - Warren Buffett, the billionaire chairman and chief executive of conglomerate Berkshire Hathaway, has cut his vehicle's stake in troubled British grocer Tesco to below 3 percent, according to a stock market notification. The filing,...

    Factbox: Tesco CEO could buy time by selling assets

    LONDON (Reuters) - Dave Lewis, the new CEO of Tesco , could take a leaf out of the book of its European peers and consider selling or spinning off non-core businesses and focus on Britain to placate investors stunned by an accounting scandal. These...

    New Tesco boss likely to sell assets to fund recovery plan

    LONDON (Reuters) - Just six weeks into his job, Tesco boss Dave Lewis must look at selling assets in Britain and abroad as he battles to raise funds to pull the world's No.3 grocer out of the deepest crisis in its 95-year history. Trading at the British...

    Warm weather and supermarket price war hit food and clothing sales

    LONDON, (Reuters) - British high-street spending recorded its biggest monthly fall in years last month as supermarkets continued to cut prices and warm weather dissuaded shoppers from buying new winter clothes. The British Retail Consortium said total...