US billionaire investor Warren Buffett has increased his stake in UK retail giant Tesco, according to reports.

Buffett, head of investment fund Berkshire Hathaway, has increased his stake to just over 3%, Reuters wrote this morning (24 June).

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It is understood the firm has bought around 2m shares in the retailer to take its stake to 242m shares, or 3.02% of the total.

Neither Berkshire Hathaway or Tesco would confirm the move when contacted by just-food today.

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