Billionaire Warren Buffett has sold more of his Tesco holdings, cutting his stake down to below 3%, weeks after calling his decision to invest in the retailer a ‘huge mistake’.
Buffett had amassed a $2.35bn, 5.2% stake in Tesco since 2006, but has been selling shares since the struggling retailer admitted to a £250m black hole in its accounts.
Financial Times, 24
Daily Telegraph Business, 1
Times, 41, 43
Billionaire Warren Buffett has sold more of his Tesco holdings, cutting his stake down to below 3%, weeks after calling his decision to invest in the retailer a ‘huge mistake’.
Buffett had amassed a $2.35bn, 5.2% stake in Tesco since 2006, but has been selling shares since the struggling retailer admitted to a £250m black hole in its accounts.
Financial Times, 24
Daily Telegraph Business, 1
Times, 41, 43
