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.
Life and Style
life
News
Joan Rivers has reportedly been hospitalised after she stopped breathing during surgery
people81-year-old 'stopped breathing' during vocal chord surgery
Life and Style
Chen Mao recovers in BK Hospital, Seoul
health
News
i100
Voices
Pupils educated at schools like Eton (pictured) are far more likely to succeed in politics and the judiciary, the report found
voices
Arts and Entertainment
Simon Cowell is less than impressed with the Strictly/X Factor scheduling clash
tvSimon Cowell blasts BBC for breaking 'gentlemen's agreement' in scheduling war
News
Orson Welles made Citizen Kane at 25, and battled with Hollywood film studios thereafter
people
News
Brad Pitt and Angelina Jolie reportedly married in secret on Saturday
peopleSpokesperson for couple confirms they tied the knot on Saturday after almost a decade together
Sport
footballAnd Liverpool are happy despite drawing European champions
News
i100
Career Services

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
Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
Potatoes could be off the menu as crop pests threaten UK

Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
From Mozart to Orson Welles: Creative geniuses who peaked too soon

Creative geniuses who peaked too soon

After the death of Sandy Wilson, 90, who wrote his only hit musical in his twenties, John Walsh wonders what it's like to peak too soon and go on to live a life more ordinary
Caught in the crossfire of a cyber Cold War

Caught in the crossfire of a cyber Cold War

Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
11 best face powders

11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

Lack of Englishmen at leading Premier League clubs leaves manager hamstrung
Angel Di Maria and Cristiano Ronaldo: A tale of two Manchester United No 7s

Di Maria and Ronaldo: A tale of two Manchester United No 7s

They both inherited the iconic shirt at Old Trafford, but the £59.7m new boy is joining a club in a very different state
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone