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.

D-Day for bids as RBS sells insurance business

Royal Bank of Scotland will today learn which of seven suitors are throwing their hats into the ring for its insurance business, potentially sparking a £7.5bn bidding war, as the group looks to offload the asset by the end of the summer.

Buffett arrives in Europe for $35bn shopping spree

As shopping trips go, this could be a big one. Warren Buffett, the billionaire US investor who controls Berkshire Hathaway, touched down in Germany yesterday to begin a four-day European tour he hopes will enable him to invest some of the $35bn (£18bn) cash pile on which the investment company is currently sitting.

The man they call the Oracle holds them spellbound again

They came from all corners of the country, from Florida, from Washington state, from New York City and from Houston, Texas. Some had travelled from China, from India, Australia, Germany and, yes, from the UK. And for six hours, in a packed stadium in this Nebraskan city, 31,000 people strained to hear the latest wise words of the man they call the Oracle of Omaha.

Buffett considers bid for RBS insurance companies

Warren Buffett is considering mounting a multi-billion-pound bid for some of the most famous names in British insurance, including Direct Line and Churchill.

Wrigley and Mars: a sweet deal

The $23bn takeover of Wrigley by Mars brings together two historic brands and will make Mars the world's largest confectionery maker, overtaking Cadbury Schweppes. By Stephen Foley

World's richest man to get $700 for soap opera cameo role

Warren Buffett, the feted investment guru and the world's richest man with a fortune of $62bn, is being drawn into an insider trading scandal – but his followers need not worry, since the scandal is only a fictional storyline on the long-running US soap opera All My Children. The show's producers will pay Mr Buffett union rates for his upcoming appearance, about $700.

City Eye: From heroes to zeros – the cult of personality will punish chief executives

It is said that perception is nine-tenths of reality, which causes chief executives an awful lot of grief, according to Phil Rosenzweig. In his new book, The Halo Effect, he derides the way management gurus like Tom Peters compile lists of "the world's best-run companies" in manuals such as In Search of Excellence.

Dominic Lawson: You don't have to invent things or industries to become the richest man in the world

The bad news for Bill Gates is that, after 13 years at the top, he has just lost his ranking as the richest man in the world. The good news is that he has been overtaken by his bridge partner. That man is Warren Buffett, a friend of the Microsoft boss since 1991, when they began to play bridge together – and also to discuss business a little.

Buffett declares American economy to be in recession

There was no sign of an end to the gloom facing the US economy yesterday, as the dollar displayed yet more feebleness, the housing market continued its slump, American manufacturing declined in February to its weakest level in nearly five years, and, to cap it all, the legendary investor and American hero Warren Buffett judged the nation to be in recession.

GSK bucks the trend as Buffett's buying boosts ailing drug giant

When the oracle speaks, stock markets listen, and the latest quarterly filing from Warren Buffett's investment company Berkshire Hathaway proved no exception.

Wild camping on Isle of Skye

Unless you're on the run, camping on your own in remotest Scotland is an acquired taste. But a recent law change is introducing more and more people to the middle of nowhere. Andrew Spooner pitches up

Buffett plan fails to whet appetite of investors

Capital Insurance, the insurance vehicle being backed by the US investment guru Warren Buffett, was forced to abandon its planned flotation on the stock market yesterday after City investors refused to back it.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project
Diana Krall: The jazz singer on being friends with Elton John, outer space and skiing in Dubai

Diana Krall interview

The jazz singer on being friends with Elton John, outer space and skiing in Dubai
Pinstriped for action: A glimpse of what the very rich man will be wearing this winter

Pinstriped for action

A glimpse of what the very rich man will be wearing this winter
Russell T Davies & Ben Cook: 'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'

Russell T Davies & Ben Cook: How we met

'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'
Bill Granger recipes: Our chef serves up his favourite Japanese dishes

Bill Granger's Japanese recipes

Stock up on mirin, soy and miso and you have the makings of everyday Japanese cuisine
Michael Calvin: How we need more Eric Cantonas to knock some sense into us

Michael Calvin's Last Word

How we need more Eric Cantonas to knock some sense into us