Warren Buffett spent most of 2013 amassing fortunes of over £23million a day through investments into food manufacturing giants like Heinz
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Thursday 24 March 2011
Jurors in the trial of Raj Rajaratnam, the hedge fund executive accused of insider dealing, came face to face yesterday with one of Wall Street's most powerful bankers, as the Goldman Sachs chief executive, Lloyd Blankfein, took the witness stand.
Wednesday 23 March 2011
Wednesday 23 March 2011
An email arrives from theScottish National Party with the following proud title: "Big turnout for SNP conference event". The event in question turns out to be a fringe meeting where Stewart Stevenson, the former SNP transport minister, was talking about "the importance of developing skills in the passenger transport sector". No doubt Mr Stevenson is a fascinating speaker, but what does it say about the SNP's confidence in the electorate that so many of its conference delegates want to hear more about being bus or train drivers?
Tuesday 22 March 2011
Tuesday 22 March 2011
More wise advice from the sage of Omaha on the secret of investing successfully: stick to buying what you understand, even if that means missing out on bandwagons everyone else appears to be jumping upon. So, says Warren Buffett, while he remains a long-term fan of Coca-Cola, he won't be sticking any money into Apple. "Even though Apple may have the most wonderful future in the world, I'm not capable of bringing any drink to that particular party and evaluating that future," he confesses.
Tuesday 15 March 2011
Just two weeks after telling his shareholders he had "reloaded" his "elephant gun" and was on the hunt for acquisitions, Warren Buffett's Berkshire Hathaway bagged one of the biggest takeovers in its history – a $9bn (£6bn) purchase of the industrial lubricants giant Lubrizol.
Saturday 12 March 2011
Thursday 10 March 2011
The Wall Street hedge fund giant Raj Rajaratnam "knew tomorrow's business news today", thanks to a network of high-level insider tipsters, a jury was told, as the largest insider trading trial in a generation got under way in Manhattan.
Thursday 03 March 2011
Tuesday 26 October 2010
Warren Buffett, who heads the beloved American conglomerate Berkshire Hathaway, has named an obscure 39-year-old hedge fund manager to oversee much of the company's money, making him the favourite to succeed the billionaire investment guru. For the past five years, Todd Combs has run a Connecticut hedge fund called Castle Point Capital, which withstood the financial crisis, despite investing almost solely in financial companies.
Thursday 21 October 2010
Revenge for the miserly licence fee settlement awarded to it by the Government? BBC News 24's live coverage of George Osborne's spending review statement in the Commons yesterday was interrupted by an inadvertent switch ofpictures back to the studio. The feed from Parliament was restored in time for Mr Osborne to formally announce the details of the BBC settlement, but it was hardly a respectful response.
Thursday 07 October 2010
Does the punishment fit the crime? When US hedge fundmanager Paul Greenwood pleaded guilty last month to defrauding clients, he no doubt expected the American courts to be tough with him. But even before the sentence is handed down, the pain has begun for Greenwood: he's been forced to auction his collection of 1,350 teddy bears, which until now have been displayed inpresentation cases at his home. Amazingly, the bears are thought to be worth £2m.
Sunday 26 September 2010
Friday 24 September 2010
The top of the list of US billionaires is still dominated by dynastic wealth, according to the latest annual survey by Forbes magazine, while 272 of the 400 richest Americans are self-made.
Thursday 23 September 2010
A taste of his own medicine for Ryanair boss Michael O'Leary. Financial News reports that Mr O'Leary got short shrift from the folk at hedge fund business Gradient Capital Partners, where he recently popped in for a visit. "No, you have to bring your own," was reportedly the response when Ryanair's cost-cutter extraordinaire asked whether he might be getting a biscuit with his cup of tea. Let's hope Gradient charged him to use its toilets too.
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