Tesco moves higher after Warren Buffett raises stake to 5%

Tesco is now shrugging off the negative Goldman Sachs comments following news that US investor Warren Buffett has raised his stake in the supermarket to just over 5%. The so-called sage of Omaha's Berkshire Hathaway has raised its holding from 3.21% to 5.08% on 13 January, the company has just announced. So after earlier falling to 319.24p, Tesco's shares are now 2p higher at 323p. In November, on a trip to Japan, Buffett suggested he might buy more Tesco shares if the price fell further . And fall it certainly did after the supermarkets profit warning earlier this month.