tesco

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Tesco and Sainsbury's 'overvalued'

Last held retailer in 2012

Laura Foll, deputy fund manager of the Lowland investment company, explains why she is taking another look at the supermarket giant.

Shares down 1.4% in early morning

Impax Asset Management, the environmental markets specialist, has hired David Winborne as senior portfolio manager working on the equity team.

The unresolved Greek debt crisis has put renewed pressure on the FTSE 100 this morning, negating the effects of the rally in supermarkets stocks on back of Tesco's Q1 results.

Tesco shares have bounced after the supermarket reported Q1 results it said are a "step in the right direction" ahead of a landmark AGM later today.

Tesco has said it "sincerely regrets" the accounting error which overstated profits by £263m and is forecasting volatile times ahead for the firm.

Simon Brazier, manager of the £203m Investec UK Alpha fund, has joined the debate on Tesco, arguing the supermarket giant fails to meet his key criteria for investment.