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Buffett sells 245m Tesco shares

2014-10-16 11:16:38| BBC News | Business | UK Edition

Billionaire investor Warren Buffett, who described his Tesco investment as a "huge mistake", offloads 245 million shares in the grocer.

Tags: shares sells tesco buffett

 

Tesco backs campaign to end forced labour in Uzbek cotton

2014-10-15 15:07:15| Daily apparel & textile news and comment - from just-style.com

Retail giant Tesco has signed a pledge not to use cotton from Uzbekistan, joining a wider campaign to try to stop the use of forced labour in the country's annual harvest.

Tags: end forced campaign cotton

 
 

Tesco suspends Dan Jago as profit over-statement snowballs - reports

2014-10-14 15:07:19| Daily beverage news and comment - from just-drinks.com

Tesco's director of wine, spirits and beer, Dan Jago, is reported to have been suspended, as the UK supermarket chain is under investigation following a potential GBP250m (US$400m) over-statement of its profits.

Tags: reports dan profit tesco

 

Three more Tesco bosses suspended

2014-10-14 13:30:11| BBC News | Business | UK Edition

Supermarket giant Tesco asks three more executives to leave their posts as the fall-out continues from its 250m profit guidance overstatement.

Tags: suspended tesco bosses

 

Tesco Director Lays Ground For Chairman Move

2014-10-14 01:14:54| Food - Topix.net

A director of Tesco has begun drawing up a list of possible successors to the beleaguered chairman of the UK's biggest retailer as it battles to contain the fallout from a A 250m accounting crisis. Sky News has learnt that Patrick Cescau, who serves as Tesco's senior independent director, has told leading investors in the last week that the company is preparing for a range of scenarios, including the exit of Sir Richard Broadbent.

Tags: director move ground chairman

 

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