Tesco

Warren Buffett's retail favourite Tesco has seen its shares plunge 14.2% following a profit warning today.

Tesco Bank has posted a 65.9% increase in profits for the first half of 2011/12 compared to the same period last year.

Warren Buffett has increased his stake in Tesco plc by £120m, according to a person familiar with the matter.

AIFA's decision to embrace restricted advisers has gone down like a lead balloon with the industry's twitterati, with one adviser preferring Tesco to his own trade body.

NatWest, part of the group which brought Britain's banking sector to the brink of collapse, and Tesco, a relative infant in financial services, have made it into the top five most loved brands in finance, while all the big insurers languish in bottom...

Tesco Bank has promised to refund customers who have lost out financially after it suffered technical problems with online accounts.

Tesco is targeting further growth in its banking business, which helped the retailer record record profits of £3.8bn for the year to the end of February.

Tesco Bank has confirmed it is on course to launch into the mortgage market this summer, as it aims to become a full-service retail bank.

Cofunds has stressed its "loyalty" to the adviser sector following revelations it has been holding talks with Tesco Bank about a possible link-up with the supermarket giant's financial arm.

Tesco has expanded its clout in the insurance market through a deal with financial services firm Fortis.