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.

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.

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.

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
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
3.	Provence 6 nights B&B by train from £599pp
Prices correct as of 20 February 2015
Syrian conflict is the world's first 'climate change war', say scientists, but it won't be the last one

Climate change key in Syrian conflict

And it will trigger more war in future
How I outwitted the Gestapo

How I outwitted the Gestapo

My life as a Jew in wartime Berlin
The nation's favourite animal revealed

The nation's favourite animal revealed

Women like cuddly creatures whilst men like creepy-crawlies
Is this the way to get young people to vote?

Getting young people to vote

From #VOTESELFISH to Bite the Ballot
Poldark star Heida Reed: 'I don't think a single bodice gets ripped'

Poldark star Heida Reed

'I don't think a single bodice gets ripped'
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn