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?

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.

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.

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.

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

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.

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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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Greece says 'No': A night of huge celebrations in Athens as voters decisively back Tsipras and his anti-austerity stance in historic referendum

Greece referendum

Greeks say 'No' to austerity and plunge Europe into crisis
Ten years after the 7/7 terror attacks, is Britain an altered state?

7/7 bombings anniversary

Ten years after the terror attacks, is Britain an altered state?
Beautiful evening dresses are some of the loveliest Donatella has created

Versace haute couture review

Beautiful evening dresses are some of the loveliest Donatella has ever created
No hope and no jobs, so Gaza's young risk their lives, climb the fence and run for it

No hope and no jobs in Gaza

So the young risk their lives and run for it
Fashion apps: Retailers roll together shopping and social networking for mobile customers

Fashion apps

Retailers roll together shopping and social networking for mobile customers
The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'
Compton Cricket Club

Compton Cricket Club

Portraits of LA cricketers from notorious suburb to be displayed in London
London now the global money-laundering centre for the drug trade, says crime expert

Wlecome to London, drug money-laundering centre for the world

'Mexico is its heart and London is its head'
The Buddhist temple minutes from Centre Court that helps a winner keep on winning

The Buddhist temple minutes from Centre Court

It helps a winner keep on winning
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate