Buffett Sells Tesco before Record Loss

Clearly, Warren Buffett doesn’t believe in Tesco’s turnaround story. About a month prior to British retailer Tesco’s biggest posted loss in United Kingdom corporate history, Warren Buffett sold off the majority of his stake in the company. On Wednesday, Tesco said that it experienced an annual loss of £6.4 billion – or $9.6 billion – …

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Berkshire Hathaway Breaks All Time High

Last year, Warren Buffett mentioned that Berkshire Hathaway and the future of the company is going to be about expanding and buying big businesses. As Buffett celebrates is golden anniversary as far as running the company is concerned, many investors are beginning to rally behind the idea. Shares of Berkshire Hathaway, based out of Omaha, …

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3 Buffett Investments Going South

If you judge Berkshire Hathaway, Warren Buffett’s company, by share price alone, you can tell that they are having a fantastic year in 2014. At this time, Berkshire Hathaway shares are up 17.7% year to date, well ahead of the rise in the S&P 500 at 7.95%. Berkshire Hathaway’s even outperforming US small-cap stocks. But …

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Berkshire Hathaway Third-Quarter Results Released on Friday, November 7, After the Bell

Shares of Berkshire Hathaway continue to rise higher ahead of the third quarter earnings report that is soon to be released. On Friday, November 7, Berkshire Hathaway will release its third-quarter figures after the closing bell. For the quarter, the adjusted earnings are expected to drop from $2634 and go down to $2593. As well, …

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Buffett Selling Off Tesco Stock

It seems that Warren Buffett is on his way to completely pulling out of Tesco, after acknowledging that his investing in the supermarket chain in Britain was a major mistake. When October began, Buffett and Berkshire Hathaway owned a total of 3.97%, but there is an understanding that Buffett plans to reduce his share amount …

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Warren Buffett & Tesco Fiasco

Warren Buffett is known as the Oracle of Omaha for his stock picking prowess. As the CEO of Berkshire Hathaway, he made the company and easy $2 billion by backing up Goldman Sachs when it was in trouble. Buffett also dropped $100 million by backing Tesco. After analyzing Berkshire Hathaway’s Tesco investments, we learned that …

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Buffett Sells Shares of Tesco

Billionaire investor Warren Buffett has pared down his shares of the ailing Tesco by roughly 30%. After reading information about Berkshire Hathaway, we learned that the investment company sold off around 115 million shares of this large retailer in 2013. This is actually 35 million shares more than previously reported. He still owns a little …

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Buffett Cuts Tesco Stake by £300 m

Tesco, the British grocery retailer chain suffered another setback today after Warren Buffett cut his stake in the company by £300 m. Recent stock market filings show us that Buffett and Berkshire Hathaway cut their holding last week in the company from 4.98 pc to 3.98 pc. Berkshire Hathaway offloaded Tesco derivatives that represented 80m …

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Warren Buffett’s Investments In UK Companies

Throughout this article, we are going to take a look at a group of UK companies backed by billionaire Warren Buffett. Warren Buffett is a legendary investor in the United States of America, and he is currently worth over $50 billion. He’s recently been giving a great deal of his fortune to charity, so he’d …

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