Warren Buffett slashes Tesco stake

Investment guru Warren Buffett has sold more than £300m of his stake in Tesco, a stock market filing showed yesterday. That amounts to around one-fifth of his investment group Berkshire Hathaway’s holding in the supermarket chain. It comes just two weeks after Tesco reported a 68 per cent fall in mainland Europe profits in the first half of the year. The group has also suffered after poor results in the US led to it selling its Fresh and Easy brand.