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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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
Lady Chatterley's Lover: Racy underwear for fans of DH Lawrence's equally racy tome

Fashion: Ooh, Lady Chatterley!

Take inspiration from DH Lawrence's racy tome with equally racy underwear
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
Charlie Austin: Queens Park Rangers striker says ‘If the move is not right, I’m not going’

Charlie Austin: ‘If the move is not right, I’m not going’

After hitting 18 goals in the Premier League last season, the QPR striker was the great non-deal of transfer deadline day. But he says he'd preferred another shot at promotion
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