Precision Castparts share price leaps as Warren Buffett makes Berkshire Hathaway’s biggest ever acquisition with $37.2bn swoop August 10, 2015 Shares in aerospace manufacturer Precision Castparts Corp (PCC) jumped 19.5 per cent after Warren Buffett confirmed his company, Berkshire Hathaway, will buy it for $37.2bn (£24bn) – the investor's biggest deal ever. In a statement today, Buffett said he had "admired PCC's operation for a long time". "It is the supplier of choice for the world’s [...]
World’s third richest man Warren Buffett donates $2.84bn to five charities July 7, 2015 Warren Buffett has donated $2.8bn (£1.8bn) of shares in Berkshire Hathaway to five charities, including the Bill and Melinda Gates Foundation. Read more: Warren Buffett sings Coca-Cola song, plays ukelele to shareholders The billionaire investor has made his 10th annual donation to the charities, taking his overall contribution over $21bn. Buffett, the world's third-richest person [...]
Warren Buffett splurges $500m on Australian insurer IAG June 16, 2015 Warren Buffett, the legendary investor and second-richest man in the world, is clearly interested in protecting his fortune, after he spent AU$500m (£248m) on the Insurance Australia Group (IAG). Under the deal, Buffett will end up with a 3.7 per cent stake in the company, while IAG will have options to place another five per [...]
Fancy a buffet with Warren Buffett? World’s most expensive power lunch with the Oracle of Omaha goes under the hammer (again) June 1, 2015 There are some things you can't put a price on, but having lunch with the Oracle of Omaha is not one of them. The annual action to have lunch with billionaire investor Warren Buffett is underway and already bids have risen above $1,000,500. There are three days and several hours left to get [...]
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 [...]
Warren Buffett: Grexit could be good for eurozone March 31, 2015 Warren Buffett believes a Greek exit from the eurozone could be beneficial for the region. The legendary investor and chairman of holding company Berkshire Hathaway waded into the issue currently dominating headlines of business publications across the continent. During a wide-ranging interview on US news channel CNBC, Buffett discussed electronic car manufacturers Tesla, the proposed [...]
Kraft shares jump 30 per cent as Warren Buffett and 3G Capital confirm plans to merge it with Heinz in $40bn takeover March 25, 2015 Ketchup and cheese single sandwich, anyone? Warren Buffett has confirmed plans to merge processed cheese maker Kraft with Heinz, creating the Kraft Heinz Company, pushing shares in the company up more than 30 per cent in after-hours trading. Last night it was rumoured Brazilian private equity giant 3G Capital, which joint-owns Heinz with Buffett's Berkshire [...]
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 [...]