Buffett backed BYD plunges by one third December 18, 2014 BYD Auto, a Chinese mass producer of electric powered cars, has encountered its largest ever single-day drop since its 2002 listing, as it fell by as much as 47 per cent in afternoon trade in Hong Kong. The stock ended down 29 per cent. BYD, which is backed by Warren Buffett’s Berkshire Hathaway Energy, lost [...]
Warren Buffett tops list of biggest charitable donations in 2014 December 10, 2014 Billionaire investor Warren Buffett is this year's most generous man, according to new research from Wealth-X, a research firm focusing on high net worth individuals. His $2.1bn (£1.3bn) donation to the Bill and Melinda Gates Foundation, in the form of 16.6m shares of his company Berkshire Hathaway, propelled Buffett to the top spot. Six of [...]
Merry Biz-mas? Last year’s weirdest business Christmas cards from Warren Buffett, Jamie Dimon and Maurice Lévy December 2, 2014 Tony Blair has already been given a heavy ribbing for his alarmingly wooden Christmas cards, while Nigel Farage has released a cartoon of him in a white van, reversing over his rivals. But they've got nothing on last year's trickle of chief executive Christmas cards, which ranged from the sublime to the downright tasteless. Here [...]
Buffett recharges with $3bn Duracell bid November 13, 2014 WARREN Buffett’s Berkshire Hathaway has agreed to acquire Proctor & Gamble’s Duracell battery business in exchange for its $4.7bn (£2.9bn) stake in P&G, the consumer goods company announced yesterday. P&G, whose brands include Pampers and Gillette, also expects to contribute around $1.8bn in cash to capitalise Duracell, known for its trademark bunny (pictured), before the [...]
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 [...]
What’s it like to spend $200k on lunch? Guy Spier wins bid for date with Warren Buffett October 29, 2014 What’s it like to go for lunch with Warren Buffett? Aquamarine Capital fund manager Guy Spier knows, and it cost him only $216,000. Spier and friend Mohnish Pabrai were successful in Buffett’s annual lunch bid in 2007, with all proceeds going to charity. Was it worth it? “Absolutely. It’s hard to calculate the ROI but [...]
Warren Buffett’s hat-trick of woe: Billionaire loses $1bn as Coca-Cola, IBM and Tesco share prices crash October 21, 2014 Billionaire investor Warren Buffett lost $1bn yesterday after shares in his second biggest investment Coca-Cola crashed to a six-year low, capping a torrid week for the 84-year old after similar misfortunes with IBM and Tesco. Buffett’s 400m shares in the soft drinks firm fell $2.61 each, reducing the value of his holding by $1.1bn after [...]
Warren Buffett’s second “huge mistake”? IBM shares slide 7.5 per cent in pre-market trading as it admits fall in profits October 20, 2014 It has only been a few days since Warren Buffett admitted buying nearly four per cent of Tesco was a "huge mistake", but now another one of the legendary investor's big gambles is looking shaky. IBM said sales fell four per cent to $22.4bn (£13.9bn) in the three months to the end of September – [...]
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. [...]
UK supermarkets vs German discounters: Morrisons gets tough as Buffett attacks Tesco October 2, 2014 Britain’s embattled supermarkets have finally begun their fight back against German discounters Aldi and Lidl who have been eating their lunch in recent months with double-digit growth in the sector. Morrison, the UK’s fourth biggest supermarket, will launch its first customer loyalty card today, along with a price-matching scheme that its chief executive has labelled [...]