Chief executive Jordan Hansell leaves Warren Buffett and Berkshire Hathaway’s luxury jet firm NetJets June 1, 2015 Change is afoot at NetJets, the luxury jet business backed by Warren Buffett's Berkshire Hathaway. The chief executive and chairman Jordan Hansell, who has been in the cockpit for four years, has stepped down from both roles with immediate effect. Adam Johnson, who has been at the business for 18 years and is [...]
Watch: Warren Buffett sings Coca-Cola song, plays ukelele to shareholders ahead of Berkshire Hathaway annual meeting May 1, 2015 Warren Buffett loves Coca-Cola. But how much? Well, he's the drinks company's biggest shareholder with a nine per cent stake. He's also one-quarter Coca-Cola – not in stock, but physically, drinking five helpings of the drink every day. He loves Cherry Coke especially. Now, he's shared his love for the drink with shareholders at Coca-Cola's [...]
Buffett reveals new Berkshire has been chosen March 1, 2015 WARREN Buffett has ruled out spinning off Berkshire Hathaway into separate businesses, in his annual letter to investors. Buffett also revealed a successor has been chosen to fill his shoes and addressed the firm’s stake in Tesco which he previously called a “huge mistake”. This year celebrating the firm’s golden anniversary, Buffett’s highly anticipated 14-page [...]
The five best quotes from Warren Buffett’s annual letter to Berkshire Hathaway shareholders on its golden anniversary March 1, 2015 Warren Buffett often has sage wisdom to share with investors – not least in his annual note to Berkshire Hathaway shareholders. This year’s golden anniversary address concerned a misty-eyed reminiscences of fifty years of the company, it’s ups and downs (mostly ups) and the future 50 years ahead. The note is also full of pearls [...]
Warren Buffett annual letter for golden anniversary: Spin offs, successor CEOs and selling Berkshire Hathaway’s Tesco stake March 1, 2015 Warren Buffett has ruled out spinning off Berkshire Hathaway into separate businesses, revealed a successor has been chosen to fill his shoes and addressed the firm’s stake in Tesco which he previously called a “huge mistake”, in his annual letter to investors. This year celebrating the firm’s golden anniversary, Buffett's highly anticipated 14-page letter reminisced [...]
Warren Buffett’s Berkshire Hathaway makes European investment with €400m Devlet Louis Motorradvertriebs purchase February 20, 2015 He may have dumped his stake in Exxon, but Warren Buffett is still motoring. Berkshire Hathaway has splashed €400m (£294m) on a German motorcycle business, the first in what's likely to be a series of deals in Europe where the investment firm has been looking to invest. He had earlier hinted at the deal, which went [...]
Warren Buffett criticised for disclosing too little information about Berkshire Hathaway February 8, 2015 Analysts have urged Warren Buffet to make the financial reports of Berkshire Hathaway more thorough, arguing that they currently offer too little information for a company of its size. The super-investor's $370bn multinational organisation is a holding company, made up of subsidiary businesses ranging from the insurance sector to retail and manufacturing. Among others, [...]
Warren Buffett and Charlie Munger plan special Berkshire Hathaway letters to celebrate golden anniversary February 3, 2015 He may have admitted to getting it wrong as far as Tesco is concerned, but Warren Buffett still holds legendary status as the most successful investor of the 20th century. His annual letter to investors is always an event and this year will be even bigger than usual as Buffett and his business partner [...]
Warren Buffett’s Berkshire Hathaway buys Duracell for $4.7bn from Proctor and Gamble November 13, 2014 Warren Buffet’s Berkshire Hathaway has bought up Procter and Gamble’s (P&G) bunny-led battery brand Duracell. The investment firm paid $4.7bn (£3bn) in the form of P&G shares returned to the consumer goods giant- its entire stake in the business. P&G, which had been wanting to offload a host of non-core brands to concentrate on its [...]
Tesco share price continues to fall as Warren Buffett’s Berkshire Hathaway reduces exposure to troubled supermarket October 16, 2014 Warren Buffett's Berkshire Hathaway has reduced its exposure to Tesco, as the troubled supermarket's share price tumbled further. Until yesterday the legendary investor had around a four per cent holding, the fourth largest stake in the grocer, but has sold more than 245 million shares, cutting that down to less than three per cent. [...]