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.
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A History of the First World War in 100 Moments: Peace without magnanimity - the summit in a railway siding that ended the fighting

A History of the First World War in 100 Moments

Peace without magnanimity - the summit in a railway siding that ended the fighting
Scottish independence: How the Commonwealth Games could swing the vote

Scottish independence: How the Commonwealth Games could swing the vote

In the final part of our series, Chris Green arrives in Glasgow - a host city struggling to keep the politics out of its celebration of sport
Out in the cold: A writer spends a night on the streets and hears the stories of the homeless

A writer spends a night on the streets

Rough sleepers - the homeless, the destitute and the drunk - exist in every city. Will Nicoll meets those whose luck has run out
Striking new stations, high-speed links and (whisper it) better services - the UK's railways are entering a new golden age

UK's railways are entering a new golden age

New stations are opening across the country and our railways appear to be entering an era not seen in Britain since the early 1950s
Conchita Wurst becomes a 'bride' on the Paris catwalk - and proves there is life after Eurovision

Conchita becomes a 'bride' on Paris catwalk

Alexander Fury salutes the Eurovision Song Contest winner's latest triumph
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Pétanque 'world cup' hit by death threats

This year's most acrimonious sporting event took place in France, not Brazil. How did pétanque get so passionate?
Whelks are healthy, versatile and sustainable - so why did we stop eating them in the UK?

Why did we stop eating whelks?

Whelks were the Victorian equivalent of the donor kebab and our stocks are abundant. So why do we now export them all to the Far East?
10 best women's sunglasses

In the shade: 10 best women's sunglasses

From luxury bespoke eyewear to fun festival sunnies, we round up the shades to be seen in this summer
Germany vs Argentina World Cup 2014: Lionel Messi? Javier Mascherano is key for Argentina...

World Cup final: Messi? Mascherano is key for Argentina...

No 10 is always centre of attention but Barça team-mate is just as crucial to finalists’ hopes
Siobhan-Marie O’Connor: Swimmer knows she needs Glasgow joy on road to Rio

Siobhan-Marie O’Connor: Swimmer needs Glasgow joy on road to Rio

18-year-old says this month’s Commonwealth Games are a key staging post in her career before time slips away
The true Gaza back-story that the Israelis aren’t telling this week

The true Gaza back-story that the Israelis aren’t telling this week

A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
A History of the First World War in 100 Moments: The German people demand an end to the fighting

A History of the First World War in 100 Moments

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New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

New play reveals what Oscar Wilde said at trials

For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
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Can scientists save our sea life?

By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

Richard III review

Martin Freeman’s psychotic monarch is big on mockery but wanting in malice