Brazil’s Buffett-backed Nubank eyes $55bn valuation ahead of US IPO Brazil's Buffett-backed Nubank eyes $55bn valuation ahead of US IPO Brazil’s digital bank Nubank is reportedly eyeing a $55.4bn valuation ahead of its initial public offering (IPO), as Brazilians look beyond traditional lenders. If Brazil’s most prominent digital bank is listed at a market cap greater than its largest tradition bank Itau Unibanco, Nubank would shoot up the ranks towards international high flyers like the [...]
Warren Buffett names Greg Abel as Berkshire Hathaway successor Investor Warren Buffett has said that vice-chairman Greg Abel will succeed him as chief executive when he steps down from the role. Buffett, 90, built Berkshire Hathaway from a failing textile maker into a $628bn investment giant. Despite the announcement, Buffet said that he has no plans to step down in the near future. “The [...]
Warren Buffett’s Berkshire Hathaway sees profit rise on stock market charge Buffett's Berkshire Hathaway sees profit rise on stock market charge Warren Buffett’s Berkshire Hathaway said that a surge in prices of stocks like Apple had taken the investment firm to a profit of $36bn. The Nebraska-headquartered firm said that quarterly income rose 14 per cent to $5bn, while net income jumped 23 per cent to $35.8bn. The firm has been the beneficiary of a stock [...]
Fund spotlight: UK Buffettology Fund June 7, 2019 by Dzmitry Lipski from interactive investor. interactive investor’s analysts give an update and view on the UK Buffettology Fund. Warren Buffett’s recipe for success looks simple but few have successfully managed to replicate it. His well-known ‘Business Perspective Investing’ principles are hard to follow consistently and require patience, discipline and an ability to look at an investment like you [...]
Best 5 US stocks for an ISA March 28, 2019 By Rodney Hobson from interactive investor. Brexit makes investing overseas especially attractive now, argues our commentator, author and columnist. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares magazine. [...]
Nine UK shares that tick all of Warren Buffett’s boxes March 26, 2019 By Kyle Caldwell from interactive investor. Looking for equity-based ISA inspiration? We run through the investment checklist of the Berkshire Hathaway chairman to identify UK shares that pass his stockpicking rules. American investor Warren Buffett is to the world of investment what Lionel Messi is to football: the greatest of his generation in the profession [...]
Bank earnings the next big threat to Buffett’s portfolio after Apple profit warning? January 14, 2019 Warren Buffett may invest for the long haul, but surely any money manager must wince at the thought of losing a $4 billion chunk of their portfolio. Apple shares tanked at the start of the year after CEO Tim Cook issued the company’s first profit warning in 12 years, blaming the US-Sino trade war and [...]
Warren Buffett’s Berkshire Hathaway risks downgrading by Standard & Poor’s after Precision Castparts deal August 11, 2015 Warren Buffett’s Berkshire Hathaway risks being downgraded by ratings agency Standard & Poor’s, after its record deal to buy aerospace manufacturer Precision Castparts. The acquisition worth $37.2bn has caused S&P to worry about Berkshire Hathaway’s cash resources, putting it on "CreditWatch Negative". The company is currently rated "AA", the third-highest of 10 possible ratings. Read [...]
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 [...]
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 [...]