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Stock Market & Financial Investment News

News Breaks
February 21, 2014
13:52 EDTTSCDYTesco looks to cut exposure to Turkey, FT says
Tesco is looking into a deal to cut its exposure to Turkey as it aims to turn around its struggling domestic business, reported the Financial Times. Reference Link
News For TSCDY From The Last 14 Days
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October 22, 2014
14:08 EDTTSCDYTesco preparing top shareholders for potential change at chairman, FT says
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October 20, 2014
07:16 EDTTSCDYTesco Asia business targeted by private equity groups, The Times says
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06:18 EDTTSCDYTesco executives in South Korea face prosecution, Telegraph reports
Tesco executives could face prosecution in South Korea over claims that the retailer's Homeplus arm sold personal data of over 5M customers to insurance companies, the Telegraph reports. In addition to Homeplus being probed, CEO Sung-Hwan Do and other executives could be investigated for their role in the scandal. Reference Link
October 19, 2014
13:54 EDTTSCDYTesco accounting probe reveals staff's 'inappropriate behavior,' Telegraph says
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October 16, 2014
06:09 EDTTSCDYBerkshire Hathaway cuts Tesco stake to less than 3%, Telegraph reports
Warren Buffett's Berkshire Hathaway (BRK.A) has cut its stake in Tesco (TSCDY) to less than 3%, and now owns 245.3M shares in the supermarket chain, the Telegraph reports. Before October 13, Berkshire owned a 3.97% stake in Tesco. Buffett recently called his investment in Tesco a "huge mistake." Reference Link
October 14, 2014
07:29 EDTTSCDYTesco suspends three more execs as part of accounting scandal, Sky News says
Tesco has suspended three more executives as part of the company's GBP250M "black hole" accounting scandal, Sky News reports. According to sources, the newly suspended executives are Dan Jago, head of beer, wine and spirits, director of convenience Sean McCurley and William Linnane, another category director. Reference Link

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