Mobile World Congress 2015: Facebook boss Mark Zuckerberg puts pressure on operators March 2, 2015 Facebook chief executive Mark Zuckerberg went to great lengths to rebuild bridges with global mobile operators in Barcelona last night in order to spur a project to bring free internet to the world’s poorest people. When the founder of the world’s largest social network first called on operators to support him in early 2014 his [...]
Star fund manager Neil Woodford says UK pharma still a good bet March 2, 2015 British science is in great shape according to Neil Woodford, one of the UK’s best known and most successful fund managers. Woodford, a long time investor in pharmaceuticals, said the industry remains an attractive place for those looking to make long- term returns on their investment as innovation and R&D productivity continues to gather pace, [...]
ECB meeting preview: What traders should expect from it March 2, 2015 Despite a range of economic indicators suggesting that the Eurozone economy has finally begun to turn a corner, markets had an uncertain start to the week. Although the currency bloc’s unemployment rate slipped to 11.2 per cent in January and a flash estimate of inflation came in at a better-than-expected -0.3 per cent in February, [...]
Crystal Palace replica redevelopment plans by Chinese firm and backed by Boris Johnson ended by Bromley council March 2, 2015 Ambitious plans to recreate London's famous Crystal Palace have shattered into a million pieces after the local council withdrew its support. Plans by Chinese developer ZhongRong and backed by mayor Boris Johnson to rebuild the palace created in 1851 for the Great Exhibition have effectively ended after Bromley council decided not to extend an exclusivity [...]
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 [...]
Mobile World Congress 2015: Mark Zuckerberg, wiping the smile off execs’ faces – Bottom Line March 1, 2015 Last year Mark Zuckerberg, the 30-year-old billionaire creator of Facebook, gave the keynote speech at the world’s biggest mobile conference in Barcelona, Mobile World Congress. Speaking to several thousand telecoms execs Zuckerberg called on them to open up mobile internet for the poorest countries in the world and allow free access to basic internet services [...]
Two cheers for Jean-Claude Juncker: The process of EU reform is already underway March 1, 2015 The business view of Britain’s membership of the European Union is clear: the UK needs to be in the EU and to be fully engaged. While this view is not unanimous – there are those businesses that legitimately have a different perspective, either because of the nature of the business or the priorities of the [...]
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 [...]
First it was Scotland, now it’s Wales – David Cameron says he will devolve powers across the UK February 27, 2015 Prime Minister David Cameron has promised to give more powers to Wales through a devolution package unveiled earlier today. "We want to deliver new powers to Wales so that more decisions are taken closer to the people and give greater responsibility to the Welsh Assembly," he said during a speech at Cardiff's Millennium Stadium. [...]