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.

Fools will follow the famous names

The sixth of our extracts from Motley Fool, the best-selling investment guide

General Re pays pounds 100m for DP Mann

GENERAL RE, the giant US reinsurer being taken over by Berkshire Hathaway, Warren Buffett's (pictured) investment firm, has agreed to buy DP Mann Holdings, a UK insurer, for around pounds 100m.

Eddie faces some tough choices

IF A week is a long time in politics, the last month must seem like an age to the Bank of England's Monetary Policy Committee (MPC). The monetary nine are back from their hols and the world looks a very different place from the way it did when they last met at the beginning of August.

Wells Fargo and Norwest announce pounds 21bn merger

TWO MORE US banks have announced plans to tie the knot, the fourth multi-billion-pound deal in the industry since April.

Personal Finance: Follow the sage and invest in another hobby

The Jonathan Davis column

Biggest isn't best, warns the Sage of Omaha

WARREN Buffett, America's second-richest man and arguably the world's most successful investor, is sceptical about the recent wave of mega mergers between banks and brokers, even though he owns shares in one of the groups affected.

The Midas of middle America finds silver lining in the markets

IN THE NEWS; WARREN BUFFETT

Guru's U-turn keeps market on the alert

WARREN BUFFETT, the legendary US investor who warned last year that American stock prices were too high, appears to have changed his mind and is now saying the market rally has been justified because of low interest rates and the "remarkable" equity returns achieved by companies.

Personal Finance: Follow Buffett into bonds

What a week! New high ground for the stock market. Not just here - but in America, too. It makes you wonder what all the panic was about when Asia was falling about our ears last year.

Buffett polishes the silver

Scott Schnipper and Martin Howell on the metal's return to favour

Buffett caught up in silver price row

Warren Buffett, arguably the world's most famous investor, was plunged into controversy last night after it emerged that a commodity trader which is fighting allegations of manipulation of the silver market brokered deals for the US billionaire.

Business Outlook: Sage of Omaha gets a bit of the Bunker mentality

Warren Buffett makes an unlikely Nelson Bunker Hunt, the last man who tried to corner the silver market. Even so, the Sage of Ohmaha's disclosure that he has amassed 20 per cent of the world's supplies of the Cinderella metal had a predictably electrifying effect yesterday. The London silver price fix was set at its highest level in nearly a decade after shooting through $7 an ounce on the back of overnight Far East trading. As sure as night follows day, copycat buyers will be lured into the market on the basis that what's good for Berkshire Hathaway must be good for them.

Salomon traders sweat

Analysts expect merger to cost up to 1,500 jobs. David Usborne reports from New York

Warren Buffett has never had a bad year, so when he sells it is time to watch out

The Jonathan Davis Column Reports this week that the famous American investor Warren Buffett has been selling some of his shares and has been buying $10bn of zero coupon bonds instead are the kind of development that every investor ought to stop and ponder hard.

Take an interest in catastrophe

The next earthquake to hit California could send shock waves through the portfolios of bond investors, if a new kind of investment known as catastrophe bonds catches on.
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Refugee crisis: David Cameron lowered the flag for the dead king of Saudi Arabia - will he do the same honour for little Aylan Kurdi?

Cameron lowered the flag for the dead king of Saudi Arabia...

But will he do the same honour for little Aylan Kurdi, asks Robert Fisk
Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Humanity must be at the heart of politics, says Jeremy Corbyn
Joe Biden's 'tease tour': Could the US Vice-President be testing the water for a presidential run?

Joe Biden's 'tease tour'

Could the US Vice-President be testing the water for a presidential run?
Britain's 24-hour culture: With the 'leisured society' a distant dream we're working longer and less regular hours than ever

Britain's 24-hour culture

With the 'leisured society' a distant dream we're working longer and less regular hours than ever
Diplomacy board game: Treachery is the way to win - which makes it just like the real thing

The addictive nature of Diplomacy

Bullying, betrayal, aggression – it may be just a board game, but the family that plays Diplomacy may never look at each other in the same way again
8 best children's clocks

Tick-tock: 8 best children's clocks

Whether you’re teaching them to tell the time or putting the finishing touches to a nursery, there’s a ticker for that
Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

The Arab Spring reversed

Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

Academic claims King Arthur was real - and reveals where he lived

Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
Who is Oliver Bonas and how has he captured middle-class hearts?

Who is Oliver Bonas?

It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
Earth has 'lost more than half its trees' since humans first started cutting them down

Axe-wielding Man fells half the world’s trees – leaving us just 422 each

However, the number of trees may be eight times higher than previously thought
60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

60 years of Scalextric

Model cars are now stuffed with as much tech as real ones
Theme parks continue to draw in thrill-seekers despite the risks - so why are we so addicted?

Why are we addicted to theme parks?

Now that Banksy has unveiled his own dystopian version, Christopher Beanland considers the ups and downs of our endless quest for amusement
Tourism in Iran: The country will soon be opening up again after years of isolation

Iran is opening up again to tourists

After years of isolation, Iran is reopening its embassies abroad. Soon, there'll be the chance for the adventurous to holiday there