Tesco accounts face fresh inquiry
Feb 04, 2015 at 02:16 | Source:
The Financial Reporting Council (FRC) has announced an inquiry into Tesco's accounts for 2012, 2013 and 2014. The FRC is an independent disciplinary body for UK accountants and actuaries. The FRC's investigation will include business servic...
World must prepare for war against a global pandemic, says Bill Gates
Jan 28, 2015 at 21:39 | Source:
Berlin:Billionaire philanthropist Bill Gates says the world must use the lessons from battling Ebola to prepare for any future "war" against a global killer disease, with the help of new technology.Gates, in Berlin for a donor conference of...
Warren Buffett: Tesco shares 'a huge mistake'
Nov 13, 2014 at 23:52 | Source:
Billionaire investor Warren Buffett has described his decision to invest in Tesco as a huge mistake . Mr Buffett's Berkshire Hathaway firm owns a 3.7% stake in Tesco, worth hundreds of millions of dollars. But the supermarket's share price ...
Warren Buffett's Berkshire Hathaway buys Duracell
Nov 13, 2014 at 22:32 | Source:
In a surprise move, Warren Buffett's Berkshire Hathaway said it will acquire battery maker Duracell from Proctor Gamble. Last month, Proctor Gamble had announced plans to spin off the battery business. Berkshire will acquire Duracell via an unus...
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Nov 10, 2014 at 04:27 | Source:
Calcutta Telegraph News
Annual general meetings are perhaps the most significant recurring milestones that a company can offer to its shareholders. Besides being a forum to objectively assess a firm�s financial health, annual general meetings (AGMs) provide an opportunit...
Tesco, what went wrong?
Oct 23, 2014 at 14:12 | Source:
Apologies, but this is going to be a longer blog. Maybe mega-blog would be a better description. I have spent the last few weeks speaking to many people who are closely involved in Tesco - or were. I have also spoken to analysts and commentators to b...
Warren Buffett sells more than 245 million Tesco shares
Oct 16, 2014 at 23:17 | Source:
Warren Buffett's Berkshire Hathaway investment company has sold more than 245 million shares in supermarket giant Tesco. The sale brings Berkshire's holding to below 3%. Earlier this month, Mr Buffett, nick-named the Sage of Omaha , said hi...
China's Fosun joins bidding war for Portuguese hospital operator
Sep 23, 2014 at 15:31 | Source:
China's biggest privately-held conglomerate Fosun has joined a bidding war for the Portuguese hospital operator Espirito Santo Saude (ESS). Fosun is offering 451m euros (£355m; $580m) for the business, which is 51% owned by the Espirito Santo f...
Carmaker BYD sees shares rebound after 8% fall
Aug 26, 2014 at 00:57 | Source:
Shares in the Chinese car and battery maker BYD fell by more than 8% in Hong Kong trade on Monday, a day after the firm posted worse than expected first half earnings. The Shenzhen-based company said its net profit for the six months to June this yea...
Buffett's Berkshire Hathaway now has a m-cap of over $333 bn
Aug 15, 2014 at 10:00 | Source:
Berkshire Hathaway Inc'sshare price on Thursday surpassed and closed above $200,000 for the first time, the latest milestone for a company that Warren Buffett has built over nearly five decades into what some analysts view as a microcosm of the U.S. ...
Warren Buffett's Berkshire Hathaway shares top $200,000
Aug 14, 2014 at 23:57 | Source:
Shares in Warren Buffett's Berkshire Hathaway have surpassed $200,000 (£120,000) for the first time. That values the firm - which has added over 70 companies since Mr Buffett took it over in the 1960s - at an estimated $326bn. The company'...
Financial investment success: How much luck is needed?
Aug 14, 2014 at 23:57 | Source:
How much luck do you need to be a successful investor? More than you might think, according to one senior US strategist. Chance or luck is a vital part of every great investor's fortunes, says Michael Mauboussin, head of global financial strateg...
Book Review: Timothy P. Vick's 'How to pick stocks like Warren Buffett'
Aug 04, 2014 at 12:52 | Source:
On the 2014 Forbes rich list, Warren Buffett ranks fourth with a net worth of $61.6 billion. While most people on the list tend to be business tycoons or heirs, Buffett is unique in that he has made his fortune entirely from the capital market. His ...
Buffett donates $2.8 billion to Gates, family charities
Jul 16, 2014 at 02:45 | Source:
REUTERS - Warren Buffett this week donated $2.8 billion of Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth.Buffett donated about 21.73 million Class "B" shares of Berks...
Sensex and Budget 2014-15: Why we can't rule out a short-term fall
Jul 07, 2014 at 13:36 | Source:
The stock markets have been having a ball for some months now, ever since they smelt a change in government, and especially after the installation of the Narendra Modi government with a clear BJP majority. The Bombay Stock Exchange Sensex is hovering...