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

Business Diary: Bloom warns of token women

Godfrey Bloom, the economist who is now the UKIP MEP for Yorkshire, has got himself worked up over the European Parliament's backing for new corporate governance rules requiring companies to do more to promote women to top jobs. "I feel it my duty to warn all my old City colleagues that amongst other proposals, special gender discrimination is on its way to City boards," he says. "So line up your token women everyone." It's fair to say the MEP has a little form on this issue, once telling an interviewer that "no self-respecting small businessman with a brain in the right place would ever employ a lady of child-bearing age".

Business Diary: An award for the biggest PPI bill?

One for the "you couldn't make it up" collection. Staff at Lloyds Banking Group have been feeling a little blue over the past few days – last Friday, the State-owned bank revealed it had plunged back into loss during the first three months of the year, mostly because of the staggering £3.2bn it was forced to put aside for the cost of compensating victims of payment protection insurance. Still, here's something to cheer them up. Guess who was yesterday named as Bank of the Year by the CBI and the Institute of Chartered Accountants. Step forward Lloyds Banking Group.

Buffett's big day marred by spat with former aide

Berkshire Hathaway's annual meeting is normally a celebration of investment success, but this year was a little different

Buffett's fan club demands answers

Warren Buffett faces his investors in Omaha today. Stephen Foley reports

David Prosser: Buffett dropped a clanger when he backed Sokol so publicly

Outlook A month ago tomorrow, Warren Buffett, chief executive of Berkshire Hathaway and the world's most famous investor, issued a tersely worded statement. Mr Buffett announced the resignation of one of his most trusted lieutenants, David Sokol, as well as disclosing that Mr Sokol had owned shares in Lubrizol, a company he had recommended to his boss as a takeover candidate for Berkshire Hathaway – a tip that was acted upon. The resignation and the shareholding were unconnected, Mr Buffett said, insisting Mr Sokol had done nothing unlawful and adding that he would not utter another word on the topic.

Buffett deals out stinging attack on former acolyte

Warren Buffett, the billionaire investment guru, sent a thunderous message to his chief lieutenants last night: deceive me and bring my company into disrepute and I will fire you, humiliate you and perhaps even pursue you in the courts.

Goldman optimistic despite profits fall

Regulators and rivals conspired to take a chunk out of Goldman Sachs profits in the first three months of this year.

The Business On... Charlie Munger, Vice-chairman, Berkshire Hathaway

Warren Buffett's sidekick?

Warren Buffett and his search for a new superstar

The resignation of one of Warren Buffett's senior lieutenants has thrown open the race to succeed him, says Stephen Foley

Sokol defends share buys while working for Buffett

David Sokol, the man who had been expected to succeed Warren Buffett as head of Berkshire Hathaway, insisted that he did nothing illegal or unethical by buying shares in a chemicals company before recommending that the billionaire investor make a takeover bid.

David Prosser: Buffett has plenty more explaining to do

Outlook For a man renowned for his plain speaking and his dislike of corporate misbehaviour, the statement made by Warren Buffett on the resignation of his lieutenant Dave Sokol is remarkably opaque. The most disappointing paragraph of all in the three-page release issued by Berkshire Hathaway after the markets closed on Wednesday evening was the penultimate one. Mr Buffet said that since he had not held anything back, anyone asking about the Sokol affair in future would simply be referred back to the release.

Buffett's successor quits amid $3m share scandal

Warren Buffett's Berkshire Hathaway was last night plunged into a succession crisis, after the billionaire's assumed successor quit in a share-trading scandal.

The Eagle, Kevin Macdonald, 114 Mins (12A) <br/> Limitless, Neil Burger, 99 Mins (15) <br/> Wake Wood, David Keating, 90 Mins (18)

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Why the cost of parenting has become so expensive

Why the cost of parenting has become so expensive

Today's pre-school child costs £35,000, according to Aviva. And that's but the tip of an iceberg, says DJ Taylor
Fifa corruption: The 161-page dossier that exposes the organisation's dark heart

The 161-page dossier that exposes Fifa's dark heart

How did a group of corrupt officials turn football’s governing body into what was, in essence, a criminal enterprise? Chris Green and David Connett reveal all
Mediterranean migrant crisis: 'If Europe thinks bombing boats will stop smuggling, it will not. We will defend ourselves,' says Tripoli PM

Exclusive interview with Tripoli PM Khalifa al-Ghweil

'If Europe thinks bombing boats will stop smuggling, it will not. We will defend ourselves'
Raymond Chandler's Los Angeles: How the author foretold the Californian water crisis

Raymond Chandler's Los Angeles

How the author foretold the Californian water crisis
Chinese artist who posted funny image of President Xi Jinping facing five years in prison as authorities crackdown on dissent in the arts

Art attack

Chinese artist who posted funny image of President Xi Jinping facing five years in prison
Marc Jacobs is putting Cher in the limelight as the face of his latest campaign

Cher is the new face of Marc Jacobs

Alexander Fury explains why designers are turning to august stars to front their lines
Parents of six-year-old who beat leukaemia plan to climb Ben Nevis for cancer charity

'I'm climbing Ben Nevis for my daughter'

Karen Attwood's young daughter Yasmin beat cancer. Now her family is about to take on a new challenge - scaling Ben Nevis to help other children
10 best wedding gift ideas

It's that time of year again... 10 best wedding gift ideas

Forget that fancy toaster, we've gone off-list to find memorable gifts that will last a lifetime
Paul Scholes column: With the Premier League over for another year, here are my end of season awards

Paul Scholes column

With the Premier League over for another year, here are my end of season awards
Heysel disaster 30th anniversary: Liverpool have seen too much tragedy to forget fateful day in Belgium

Liverpool have seen too much tragedy to forget Heysel

Thirty years ago, 39 fans waiting to watch a European Cup final died as a result of a fatal cocktail of circumstances. Ian Herbert looks at how a club dealt with this tragedy
Amir Khan vs Chris Algieri: Khan’s audition for Floyd Mayweather may turn into a no-win situation, says Frank Warren

Khan’s audition for Mayweather may turn into a no-win situation

The Bolton fighter could be damned if he dazzles and damned if he doesn’t against Algieri, the man last seen being decked six times by Pacquiao, says Frank Warren
Blundering Tony Blair quits as Middle East peace envoy – only Israel will miss him

Blundering Blair quits as Middle East peace envoy – only Israel will miss him

For Arabs – and for Britons who lost their loved ones in his shambolic war in Iraq – his appointment was an insult, says Robert Fisk
Fifa corruption arrests: All hail the Feds for riding to football's rescue

Fifa corruption arrests

All hail the Feds for riding to football's rescue, says Ian Herbert
Isis in Syria: The Kurdish enclave still resisting the tyranny of President Assad and militant fighters

The Kurdish enclave still resisting the tyranny of Assad and Isis

In Syrian Kurdish cantons along the Turkish border, the progressive aims of the 2011 uprising are being enacted despite the war. Patrick Cockburn returns to Amuda
How I survived Cambodia's Killing Fields: Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape the US

How I survived Cambodia's Killing Fields

Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape to the US