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.
LONDON (Reuters) - British grocer Morrisons (MRW.L) will launch its first customer loyalty card on Friday, opening up a new front in an escalating price war with a scheme that guarantees to match discounters Aldi and Lidl as well as traditional rivals.
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.
LONDON (Reuters) - The Bank of England will tell lenders at the end of this month what their key measure of insulation against future crises should be, bringing forward a keenly-awaited announcement from 2015 after draft proposals worried banks and ...
The European Central Bank (ECB) has decided not to cut its interest rates even further as it seeks to stimulate growth and inflation in the beleaguered currency area.