Henderson buys Tesco for Lowland trust after shares dive

James Henderson has added a small stake in Tesco to his Lowland investment trust, after shares plunged 15% following the supermarket's third profit warning in four months.

Henderson (pictured) said Tesco shares look good value at current levels, although he suggested the stock could fall further before the business recovers.  Tesco shares have fallen 44% over the last year to a 14-year low of 156p, following an accounting error which masked a £263m black hole in the company's balance sheet. However, Henderson said he has faith the management team, led by new chief executive David Lewis, can turn around the business. "This may not be the long-term slog people are expecting," Henderson said, adding he prefers to buy into recovery stories at an early s...