Warren Buffett, the veteran US investor, has admitted that buying shares in Tesco was a "huge mistake". Mr Buffett's Berkshire Hathaway starting buying shares in Tesco in 2006 and built a 5pc stake, making it his biggest investment outside of the US.
Morrisons has become the first of the big four supermarkets to pledge a price match guarantee against discounters Aldi and Lidl in the latest episode of the ferocious price war.
Billionaire investor Warren Buffett has described his decision to invest in Tesco as a "huge mistake". Mr Buffett's Berkshire Hathaway firm owns a 3.7% stake in Tesco, worth hundreds of millions of dollars.
The Bank of England has requested powers to limit risky buy-to-let lending, tools it hopes will curb future bubbles in the UK housing market.
NAPLES Italy (Reuters) - The European Central Bank laid out plans on Thursday to buy rebundled packets of debt within weeks to shore up the flagging euro zone economy and its president said the bank would do more if needed.