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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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
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'I’ll tell you what I would not serve - lamb and potatoes': US ambassador hits out at stodgy British food served at diplomatic dinners

'I’ll tell you what I would not serve - lamb and potatoes'

US ambassador hits out at stodgy British food
Radio Times female powerlist: A 'revolution' in TV gender roles

A 'revolution' in TV gender roles

Inside the Radio Times female powerlist
Endgame: James Frey's literary treasure hunt

James Frey's literary treasure hunt

Riddling trilogy could net you $3m
Fitbit: Because the tingle feels so good

Fitbit: Because the tingle feels so good

What David Sedaris learnt about the world from his fitness tracker
Saudis risk new Muslim division with proposal to move Mohamed’s tomb

Saudis risk new Muslim division with proposal to move Mohamed’s tomb

Second-holiest site in Islam attracts millions of pilgrims each year
Alexander Fury: The designer names to look for at fashion week this season

The big names to look for this fashion week

This week, designers begin to show their spring 2015 collections in New York
Will Self: 'I like Orwell's writing as much as the next talented mediocrity'

'I like Orwell's writing as much as the next talented mediocrity'

Will Self takes aim at Orwell's rules for writing plain English
Meet Afghanistan's middle-class paint-ballers

Meet Afghanistan's middle-class paint-ballers

Toy guns proving a popular diversion in a country flooded with the real thing
Al Pacino wows Venice

Al Pacino wows Venice

Ham among the brilliance as actor premieres two films at festival
Neil Lawson Baker interview: ‘I’ve gained so much from art. It’s only right to give something back’.

Neil Lawson Baker interview

‘I’ve gained so much from art. It’s only right to give something back’.
The other Mugabe who is lining up for the Zimbabwean presidency

The other Mugabe who is lining up for the Zimbabwean presidency

Wife of President Robert Mugabe appears to have her sights set on succeeding her husband
The model of a gadget launch: Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed

The model for a gadget launch

Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed
Alice Roberts: She's done pretty well, for a boffin without a beard

She's done pretty well, for a boffin without a beard

Alice Roberts talks about her new book on evolution - and why her early TV work drew flak from (mostly male) colleagues
Get well soon, Joan Rivers - an inspiration, whether she likes it or not

Get well soon, Joan Rivers

She is awful. But she's also wonderful, not in spite of but because of the fact she's forever saying appalling things, argues Ellen E Jones
Doctor Who Into the Dalek review: A classic sci-fi adventure with all the spectacle of a blockbuster

A fresh take on an old foe

Doctor Who Into the Dalek more than compensated for last week's nonsensical offering