What’s it like to spend $200k on lunch? Guy Spier wins bid for date with Warren Buffett October 29, 2014 What’s it like to go for lunch with Warren Buffett? Aquamarine Capital fund manager Guy Spier knows, and it cost him only $216,000. Spier and friend Mohnish Pabrai were successful in Buffett’s annual lunch bid in 2007, with all proceeds going to charity. Was it worth it? “Absolutely. It’s hard to calculate the ROI but [...]
Warren Buffett’s hat-trick of woe: Billionaire loses $1bn as Coca-Cola, IBM and Tesco share prices crash October 21, 2014 Billionaire investor Warren Buffett lost $1bn yesterday after shares in his second biggest investment Coca-Cola crashed to a six-year low, capping a torrid week for the 84-year old after similar misfortunes with IBM and Tesco. Buffett’s 400m shares in the soft drinks firm fell $2.61 each, reducing the value of his holding by $1.1bn after [...]
Warren Buffett’s second “huge mistake”? IBM shares slide 7.5 per cent in pre-market trading as it admits fall in profits October 20, 2014 It has only been a few days since Warren Buffett admitted buying nearly four per cent of Tesco was a "huge mistake", but now another one of the legendary investor's big gambles is looking shaky. IBM said sales fell four per cent to $22.4bn (£13.9bn) in the three months to the end of September – [...]
Tesco share price continues to fall as Warren Buffett’s Berkshire Hathaway reduces exposure to troubled supermarket October 16, 2014 Warren Buffett's Berkshire Hathaway has reduced its exposure to Tesco, as the troubled supermarket's share price tumbled further. Until yesterday the legendary investor had around a four per cent holding, the fourth largest stake in the grocer, but has sold more than 245 million shares, cutting that down to less than three per cent. [...]
UK supermarkets vs German discounters: Morrisons gets tough as Buffett attacks Tesco October 2, 2014 Britain’s embattled supermarkets have finally begun their fight back against German discounters Aldi and Lidl who have been eating their lunch in recent months with double-digit growth in the sector. Morrison, the UK’s fourth biggest supermarket, will launch its first customer loyalty card today, along with a price-matching scheme that its chief executive has labelled [...]
Warren Buffett admits he made “a huge mistake” on Tesco as share price tumbles again October 2, 2014 Warren Buffett has admitted making a “huge mistake” by investing in Tesco, as the supermarket's share price continued to fall today. The legendary investor, and second richest man in the world, is currently the third largest shareholder in Tesco, through his venture Berkshire Hathaway, which owns a 4.1 per cent stake. He first [...]
Warren Buffett and Floyd Mayweather square off ahead of Maidana rematch August 27, 2014 Warren Buffett appears to be the latest member of Floyd Mayweather's "The Money Team", making him "teammates" with Justin Bieber. Mayweather, the pound-for-pound best boxer in the world, posted an image of Buffett visiting him at his gym to his Instagram page, accompanying it with a caption describing Buffett as "the original founder of The [...]
Burger King tax row hits Warren Buffett after Tim Hortons takeover announcement August 26, 2014 Burger King and US tycoon Warren Buffett were forced to defend a £7bn (£4.25bn) takeover of Canadian chain Tim Hortons yesterday amid mounting political tension in America over tax inversions. The Miami-based giant said it would buy the coffee and doughnut chain for $11.4bn and relocate to Ontario, Canada – seemingly to benefit from [...]
Warren Buffett’s Berkshire Hathaway firm agrees to pay $896,000 fine August 20, 2014 Berkshire Hathaway yesterday agreed to pay an $896,000 (£540,000) fine to settle a US government allegations that it violated anti-trust rules by failing to report a transaction that boosted its stake in building products company USG Corp. The civil penalty, which requires court approval, settles charges made by the US Department of Justice and Federal [...]
Warren Buffett’s Berkshire Hathaway share price reaches $200,000 August 14, 2014 Savers with a spare $200,000 could splash out on a new Bentley Continental GT – or they could buy one share in Warren Buffett’s conglomerate Berkshire Hathaway. The company’s stock roared past the $200,000 milestone last night, reaching as high as $201,114 – or £120,000 – per share. Billionaire Buffett, considered by many to be [...]