Lessons in Tesco travails for Woolworths?

It’s not every day you see a 16% slump in the share price of a supermarket group. Food retailing is meant to be one the most defensive businesses; less prone to Mr Market’s moods, or so it seemed. So the downdraught in the price of UK supermarket group Tesco following a profit warning last Thursday must have rattled some nerves. Tesco is the UK’s largest supermarket chain, with a market share of around 30%. It has the highest margins of all its competitors and has long been regarded as well-managed. Warren Buffett’s Berkshire Hathaway owns 3.6% of Tesco’s stock and...

It’s not every day you see a 16% slump in the share price of a supermarket group. Food retailing is meant to be one the most defensive businesses; less prone to Mr Market’s moods, or so it seemed.

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