tesco

Richard Buxton has been among the most vocal backers of Tesco this year, but, as the supermarket posts a record £6.4bn loss, which funds have the most conviction in the stock?

Tesco shares have sunk 5% this afternoon as investors took an increasingly dim view of its £6.4bn full year loss.

Tesco has reported a worse than expected full-year loss of £6.4bn, after £7bn in one-off charges arising from a "very difficult" 2014 dragged it into the red.

Another group of shareholders in Tesco is preparing legal action against the food retailer following its accounting blunder late last year.

Warren Buffett sold out of two of his energy stocks - including his position in the world's largest energy company ExxonMobil - as the oil price collapse accelerated at the end of last year.

The FTSE 100 is within sight of its all-time high after closing at its highest level for 15 years on Tuesday.

Dixons Carphone co-deputy chair John Allan is to replace Richard Broadbent as Tesco chairman, the supermarket has said.

Old Mutual Global Investors has reviewed its governance and voting policies in a bid to end UK executive pay-offs that it says are "a reward for failure".

Six weeks on from its annus horribilis, Tesco continues to split opinion among UK stockpickers.

Embattled supermarket Tesco has suffered a further blow in the form of an investigation by the industry regulator into its treatment of suppliers.