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.

Buffett lobbies against clampdown on derivatives

Warren Buffett, the man who christened credit derivatives "financial weapons of mass destruction", is lobbying against a proposed clampdown on existing derivatives contracts.

Business Diary: The Sage of Omaha turns rock star

Is there nothing to which Warren Buffett cannot turn his hand? Via Berkshire Hathaway, he holds a stake in US insurer Geico, whose staff traditionally make a video for the annual general meeting. This year that video stars Buffett rocking out and singing a power ballad Geico staff wrote – in bandana and wig, right, he looks remarkably like Axl Rose from Guns N' Roses. Check it out on YouTube.

Business Diary: Honor Blackman seeks equitable settlement

Some good news at last for victims of the Equitable Life scandal still fighting for a better compensation deal. Honor Blackman has agreed to give the campaign her public backing. Let's see if the glamorous actress can do for Equitable Life savers what Joanna Lumley managed for the Gurkhas.

Stephen Foley: Is this the last chapter of the Buffett story?

Outlook: Are we entering the endgame for Warren Buffett's Berkshire Hathaway?

Buffett attacks Kraft's £11.9bn tilt at Cadbury

Kraft's largest shareholder, Warren Buffett, condemned the company's proposed £11.9bn takeover of Cadbury as a "bad deal" yesterday, saying he felt "poor" as a result.

David Prosser: How Buffett was hoist with his own petard

Outlook Those Cadbury shareholders who have expressed their disappointment about the terms on which the company is being bought by Kraft may take some comfort from the remarks made yesterday by Warren Buffett. It appears that Kraft shareholders – Mr Buffett's Berkshire Hathaway is the biggest investor in the US company – aren't entirely happy about this deal either.

Don't let Kraft steal Cadbury, shareholders urged

Dairy Milk firm Cadbury set out its case for independence today as it urged shareholders not to let US giant Kraft "steal your company".

Kraft battles to win over Cadbury shareholders

Just 1.5 per cent of Cadbury shareholders have accepted Kraft's hostile £10.9bn takeover bid, the US food giant admitted yesterday.

David Prosser: Kraft raises the stakes

Outlook Kraft's Irene Rosenfeld is clearly set on winning the day at Cadbury. In selling her company's pizza business – one of Kraft's best performers – to finance the offer of more cash to Cadbury investors, she is betting her own future on securing the deal. If she fails, Kraft will be a significantly weaker company and Ms Rosenfeld's position will be threatened.

Kraft's bid for Cadbury in the balance as Buffett intervenes

US food giant offers more cash but fails to raise value of hostile takeover offer

Facebook restructures, but no IPO

Facebook has created a dual-class stock structure designed to give founder Mark Zuckerberg and other existing shareholders control over the company.

Bullish billionaire Warren Buffett goes shopping for Nestlé and Wal-Mart

As Warren Buffett looks forward to an improving world economy, he is betting on chocolate, energy and discount retailing, at least according to the latest filings to the Securities and Exchange Commission in New York detailing positions taken by his investment holding giant, Berkshire Hathaway, in public companies.

Buffett takes biggest ever punt on US freight railway

Berkshire Hathaway offers $34bn for BNSF

Hamish McRae: Prepare for a period of sullen calm

I find it troubling that people think it better to have a smaller financial industry

David Prosser: Buffett is definitely back

Outlook: Mr Buffett called the bottom of the market at the end of February
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A cleaner prepares the red carpet for the opening night during the 59th International Cannes Film Festival May 17, 2006 in Cannes, France.
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Air strikes? Talk of God? Obama is following the jihadists’ script

Air strikes? Talk of God? Obama is following the jihadists’ script

The President came the nearest he has come yet to rivalling George W Bush’s gormless reaction to 9/11 , says Robert Fisk
Ebola outbreak: Billy Graham’s son declares righteous war on the virus

Billy Graham’s son declares righteous war on Ebola

A Christian charity’s efforts to save missionaries trapped in Africa by the crisis have been justifiably praised. But doubts remain about its evangelical motives
Jeremy Clarkson 'does not see a problem' with his racist language on Top Gear, says BBC

Not even Jeremy Clarkson is bigger than the BBC, says TV boss

Corporation’s head of television confirms ‘Top Gear’ host was warned about racist language
Nick Clegg the movie: Channel 4 to air Coalition drama showing Lib Dem leader's rise

Nick Clegg the movie

Channel 4 to air Coalition drama showing Lib Dem leader's rise
Philip Larkin: Misogynist, racist, miserable? Or caring, playful man who lived for others?

Philip Larkin: What will survive of him?

Larkin's reputation has taken a knocking. But a new book by James Booth argues that the poet was affectionate, witty, entertaining and kind, as hitherto unseen letters, sketches and 'selfies' reveal
Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?

Waxing lyrical

Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?
Texas forensic astronomer finally pinpoints the exact birth of impressionism

Revealed (to the minute)

The precise time when impressionism was born
From slow-roasted to sugar-cured: how to make the most of the British tomato season

Make the most of British tomatoes

The British crop is at its tastiest and most abundant. Sudi Pigott shares her favourite recipes
10 best men's skincare products

Face it: 10 best men's skincare products

Oscar Quine cleanses, tones and moisturises to find skin-savers blokes will be proud to display on the bathroom shelf
Malky Mackay allegations: Malky Mackay, Iain Moody and another grim day for English football

Mackay, Moody and another grim day for English football

The latest shocking claims do nothing to dispel the image that some in the game on these shores exist in a time warp, laments Sam Wallace
La Liga analysis: Will Barcelona's hopes go out of the window?

Will Barcelona's hopes go out of the window?

Pete Jenson starts his preview of the Spanish season, which begins on Saturday, by explaining how Fifa’s transfer ban will affect the Catalans
Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Neanderthals lived alongside humans for centuries, latest study shows

Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape