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Friday, June 25, 2010

REUTERS: Warren Buffett lifts stake in UK grocer Tesco

June 24 2010 (Reuters) - U.S. investor Warren Buffett has raised his stake in British supermarket group Tesco (TSCO.L) to over 3 percent, according to a regulatory filing published on Thursday.

Buffett's investment firm Berkshire Hathaway (BRKa.N) has bought around 2 million shares in the world's third biggest retailer to take its stake to 242 million, or 3.02 percent of the total, the filing showed.

At 1025 GMT Tesco's shares were up 1.4 percent at 401.85 pence, among the top risers in the UK's FTSE-100 index .FTSE. (Reporting by Mark Potter; Editing by Greg Mahlich)


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