News

Shell saves $600m on gas deal with Repsol

Royal Dutch Shell has saved $600m (£362m) on a deal to buy rival Repsol’s liquefied natural gas assets in Trinidad, Peru and Spain. The supermajor had agreed to buy the portfolio for $4.4bn last February, but will now only be spending $3.8bn on Repsol’s LNG work outside of North America.

Graduate plus: Sage of the big time

Roger Trapp on what Warren Buffett, the Forrest Gump of finance, has to teach investment managers

Money: Even Wall Street's bull run can be bettered by Buffett

Don't let anyone fool you into thinking that stock market investment is as easy as it is often made out to be when bull markets are raging. Virtually every successful investor in history has had a bad patch at one time or another.

Buffett warns that Wall Street may be heading for a fall

Warren Buffett, the American investment guru, has added his voice to the growing number of pundits warning that stock prices in the US are too high.

THE WEEK IN BUSINESS

A WEEK IN BUSINESS

Lloyd's pressed to find more cash for Equitas

JOHN EISENHAMMER

Salomon's pounds 184m profit joy turns sour

DAVID USBORNE

United Airlines considers buyout of USAir

United Airlines sent tremors through the aviation industry last night when it announced it was considering a buyout of USAir, the smaller east coast carrier in which British Airways has a 24.6 per cent stake.

Disney and ABC to make magic

DAVID USBORNE

BUNHILL: Belt-driven tea makers going strong in the Azores

BUNHILL'S travels have taken him to the Azores (they're those dots in the middle of the Atlantic). There, at Gorreana on the northern coast of the island of Sao Miguel, I found what is claimed to be the only tea plantation in the European Community. Rows of tea plants spilled down the volcanic slopes towards the sea, while hydrangeas and horse-drawn milk carts conspired to make the whole place wonderfully picturesque.

All ears for the Omaha oracle

profile America's second richest man, the brain behind Berkshire Hathaway, is venerated on Wall Street for his judgement and humility. David Usborne reports

Buffett builds 9.8% stake in American Express

American Express, the travel and financial group, welcomed the news that Berkshire Hathaway, the Omaha-based holding company controlled by the US billionaire financier Warren Buffett has built a 9.8 per cent holding in American Express, worth $1.5bn, and intends to seek regulatory approval to lift its stake past 10 per cent.

Former Salomon chief sues for dollars 18m payment

NEW YORK - John Gutfreund, former chief executive of Salomon Brothers, is contesting an arbitration panel ruling denying him dollars 18m in compensation from the firm, and is suing to have the judgment overturned, writes Larry Black.

Buffett threatens to quit USAir board unless costs are cut

WARREN BUFFETT, a long- time investor in USAir, has threatened to resign as a director of the troubled airline and joined British Airways in demanding that it cut its costs by dollars 1bn a year.

No such thing as an 'efficient market'

Some people believe stock markets are efficient and share prices reflect all that is known about a particular company as well as the state of the economy as a whole.

Sound investment from reading between the lines

Americans enjoy making money, so their books on investment tend to be popular. In Britain, there are very few and that was one of the reasons that I wrote The Zulu Principle.
Voices
The Sumatran tiger, endemic to the Indonesian island of Sumatra, is an endangered species
voicesJonathon Porritt: The wild tiger population is thought to have dropped by 97 per cent since 1900
Arts and Entertainment
Beast would strip to his underpants and take to the stage with a slogan scrawled on his bare chest whilst fans shouted “you fat bastard” at him
musicIndie music promoter was was a feature at Carter gigs
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Arts and Entertainment
Story line: Susanoo slays the Yamata no Orochi serpent in the Japanese version of a myth dating back 40,000 years
arts + entsApplying the theory of evolution to the world's many mythologies
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Performers dressed as Tunnocks chocolate teacakes, a renowned Scottish confectionary, perform during the opening ceremony of the 2014 Commonwealth Games at Celtic Park in Glasgow on July 23, 2014.
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Life and Style
Popular plonk: Lambrusco is selling strong
Food + drinkNaff Seventies corner-shop staple is this year's Aperol Spritz
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Gardai wait for the naked man, who had gone for a skinny dip in Belfast Lough
newsTwo skinny dippers threatened with inclusion on sex offenders’ register as naturists criminalised
News
Shake down: Michelle and Barack Obama bump knuckles before an election night rally in Minnesota in 2008, the 'Washington Post' called it 'the fist bump heard round the world'
newsThe pound, a.k.a. the dap, greatly improves hygiene
Arts and Entertainment
La Roux
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Graham Fellows as John Shuttleworth
comedySean O'Grady joins Graham Fellows down his local Spar
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
Countries that don’t survey their tigers risk losing them altogether

Countries that don’t survey their tigers risk losing them

Jonathon Porritt sounds the alarm
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz
A new Russian revolution: Cracks start to appear in Putin’s Kremlin power bloc

A new Russian revolution

Cracks start to appear in Putin’s Kremlin power bloc
Eugene de Kock: Apartheid’s sadistic killer that his country cannot forgive

Apartheid’s sadistic killer that his country cannot forgive

The debate rages in South Africa over whether Eugene de Kock should ever be released from jail
Standing my ground: If sitting is bad for your health, what happens when you stay on your feet for a whole month?

Standing my ground

If sitting is bad for your health, what happens when you stay on your feet for a whole month?
Commonwealth Games 2014: Dai Greene prays for chance to rebuild after injury agony

Greene prays for chance to rebuild after injury agony

Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
Israel-Gaza conflict: Secret report helps Israelis to hide facts

Patrick Cockburn: Secret report helps Israel to hide facts

The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
The man who dared to go on holiday

The man who dared to go on holiday

New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
Best comedians: How the professionals go about their funny business, from Sarah Millican to Marcus Brigstocke

Best comedians: How the professionals go about their funny business

For all those wanting to know how stand-ups keep standing, here are some of the best moments
The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

The Guest List 2014

Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks
Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

Jokes on Hollywood

With comedy film audiences shrinking, it’s time to move on