Buffett could up Tesco stake if prices fall further

Warren Buffett has provided a much needed boost to Tesco by saying he is considering upping his stake in the supermarket giant.

He told CNBC that he was considering increasing his position in Tesco during a visit to the Fukushima prefecture in northern Japan. He made the comments while being interviewed on prospects for investment in Europe, which he saw as offering attractive valuations in the equity, rather than the debt space. Buffett singled out Tesco as his top pick. "If the price came down some on Tesco I'd buy some more of that," he told CNBC. He added that European share prices "make a lot more sense than a year ago". Buffett, who has held Tesco shares since 2007, bought another 34 million shares...