News Warren Buffett spent most of 2013 amassing fortunes of over £23million a day through investments into food manufacturing giants like Heinz, which he bought earlier this year

Warren Buffett spent most of 2013 amassing fortunes of over £23million a day through investments into food manufacturing giants like Heinz

Ex-Goldman director Gupta found guilty of insider trading

Rajat Gupta, a former board member at Goldman Sachs, has been convicted of illegally sharing bank secrets with a hedge fund friend, in a victory for prosecutors of insider dealing on Wall Street.

The only definite winner of Friday's Facebook float is likely to be Zuckerberg

Investment Insider: Beware flotations at 'wonderful' prices

A recent survey conducted among Motley Fool users ahead of the Facebook listing revealed that investors with less than one year's investing experience were twice as likely to invest in the flotation of Facebook as investors with more than 20 years of know-how under their belt.

The Saturday Quiz answers

Coty stops calling for Avon Products

The fragrance firm Coty has pulled out of its $10.7bn (£6.7bn) takeover bid for Avon Products after it said the US cosmetics group had taken too long making its mind up.

Coty calling again with new bid for Avon

The billionaire founders of Cillit Bang cleaner group Reckitt Benckiser yesterday came calling again for door-to-door cosmetics giant Avon with a $10.7bn increased bid and a threat to walk away if the target's shareholders failed to enter talks in the coming days.

Simon English: Rough for Brough, falling star at Schroders

Outlook Venerable investment house Schroders has results this morning, and a nice-looking profit of towards £400m is expected (this fund management game's a cinch. The stock market? Child's play.)

Another Tesco boss buys shares after dive

Another director of Tesco has picked up shares just days after a profits warning knocked their price down by nearly 20 per cent.

Outlook: Government should raise a glass to this man

Tim Martin has been predicting the demise of the euro, sometimes with a reference to the pharaoh Tutankhamun (they are equally dead), since the day it was invented. Can't work, he kept saying. Won't work. Shouldn't work. The JD Wetherspoon chairman is now closer to being proved right, which might be cause for a celebratory pint down the local. His own business continues to do remarkably well. Yesterday he reported rising sales over Christmas, but took little credit. They're only up because we're comparing the sales with a period of bad weather a year ago, he said.

Simon English: It won't happen, but Cameron would benefit from sharing a tipple with Martin

Outlook: Tim Martin has been predicting the demise of the euro, sometimes with a reference to Tutankhamun (they are equally dead), since the day it was invented. Can't work, he kept saying. Won't work. Shouldn't work.

Dominic Lawson: We're in trouble if we let the calendar dictate our decisions

The reason forecasting is so often an abject failure is both familiar and predictable

David Prosser: No investment manageris totally infallible

Outlook Warren Buffett's investment in IBM says as much about the evolution of the world's best-known computing business as it does about the sage of Omaha himself. Mr Buffett famously eschews technology companies on the grounds that investing in businesses he doesn't understand is a recipe for disaster. But these days, IBM is not a technology company, or at least not a pure play on computing. Rather, it sees its future as a specialist consultant to organisations large and small seeking expert help with their technology requirements.

Ben Yearsley: For the bargain-hunters, it's a numbers game

We all would like to acquire things for less than their worth. Whether it's houses, antiques, cars or groceries it's always nice to secure a bargain. What makes Henry Dixon and George Godber of Matterley Undervalued Assets Fund excited is their quest to find cheap companies, wherever they may be in the UK market.

Mark Leftly: Apple will grow to cover the Jobs-sized hole

Only the departure of a particular man from a particular role at a particular company could have stolen the business headlines from stock market chaos, a surging gold price and the eurozone crisis.

Stephen Foley: Mr Buffett's bathtime would have been long

US Outlook: For a man who says his company doesn't need to raise cash, Bank of America's Brian Moynihan has sure raised a lot of cash this week.

Anxious markets seek boost from Bernanke at Jackson Hole

The US Federal Reserve chairman, Ben Bernanke, risks disappointing financial markets if a major policy speech today does not contain hints of additional monetary easing by the US central bank.

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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 1 May 2015
General Election 2015: ‘We will not sit down with Nicola Sturgeon’, says Ed Balls

'We will not sit down with Nicola Sturgeon'

In an exclusive interview, Ed Balls says he won't negotiate his first Budget with SNP MPs - even if Labour need their votes to secure its passage
VE Day 70th anniversary: How ordinary Britons celebrated the end of war in Europe

How ordinary Britons celebrated VE Day

Our perception of VE Day usually involves crowds of giddy Britons casting off the shackles of war with gay abandon. The truth was more nuanced
They came in with William Caxton's printing press, but typefaces still matter in the digital age

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Discovery of 'missing link' between the two main life-forms on Earth could explain evolution of animals, say scientists

'Missing link' between Earth's two life-forms found

New microbial species tells us something about our dark past, say scientists
The Pan Am Experience is a 'flight' back to the 1970s that never takes off - at least, not literally

Pan Am Experience: A 'flight' back to the 70s

Tim Walker checks in and checks out a four-hour journey with a difference
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Voting, mutual back-scratching, coups and charismatic leaders - it's everywhere in the animal world
Crisp sales are in decline - but this tasty trivia might tempt back the turncoats

Crisp sales are in decline

As a nation we're filling up on popcorn and pitta chips and forsaking their potato-based predecessors
Ronald McDonald the muse? Why Banksy, Ron English and Keith Coventry are lovin' Maccy D's

Ronald McDonald the muse

A new wave of artists is taking inspiration from the fast food chain
13 best picnic blankets

13 best picnic blankets

Dine al fresco without the grass stains and damp bottoms with something from our pick of picnic rugs
Barcelona 3 Bayern Munich 0 player ratings: Lionel Messi scores twice - but does he score highest in our ratings?

Barcelona vs Bayern Munich player ratings

Lionel Messi scores twice - but does he score highest in our ratings?
Martin Guptill: Explosive New Zealand batsman who sets the range for Kiwis' big guns

Explosive batsman who sets the range for Kiwis' big guns

Martin Guptill has smashed early runs for Derbyshire and tells Richard Edwards to expect more from the 'freakish' Brendon McCullum and his buoyant team during their tour of England
General Election 2015: Ed Miliband's unlikely journey from hapless geek to heart-throb

Miliband's unlikely journey from hapless geek to heart-throb

He was meant to be Labour's biggest handicap - but has become almost an asset
General Election 2015: A guide to the smaller parties, from the the National Health Action Party to the Church of the Militant Elvis Party

On the margins

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Amr Darrag: Ex-Muslim Brotherhood minister in exile still believes Egypt's military regime can be replaced with 'moderate' Islamic rule

'This is the battle of young Egypt for the future of our country'

Ex-Muslim Brotherhood minister Amr Darrag still believes the opposition can rid Egypt of its military regime and replace it with 'moderate' Islamic rule, he tells Robert Fisk
Why patients must rely less on doctors: Improving our own health is the 'blockbuster drug of the century'

Why patients must rely less on doctors

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