The legendary investor Warren Buffett, boss of the £390billion Berkshire Hathaway conglomerate, will celebrate his 90th birthday tomorrow. But although Buffett has an £60billion stake in the business, he is famously frugal and so may do little more than enjoy an extra can of Coke. He typically drinks five a day, supporting Berkshire Hathaway’s £15billion … Read more
Kristen Stewart is a SoCal girl, through and through. But the Los Angeles-born actress is shedding a prime piece of coastal property from her real estate portfolio. She’s seeking to double her investment, as she puts her contemporary Malibu beach hideaway on the market for $9.5million, nine years after snatching it up. Beach house: Kristen … Read more
The tech tartan: Edinburgh-based Baillie Gifford’s Scottish Mortgage Investment Trust soars 79% in just one year By Anne Ashworth For The Daily Mail Published: 21:50 BST, 21 August 2020 | Updated: 21:50 BST, 21 August 2020 Next month the longlist for the prestigious Baillie Gifford 2020 non-fiction book prize will be announced. Other fund managers … Read more
ITV announces investment in ‘Britbox Australia’ as it hopes success down under will help it recover from ‘one of the most challenging times’ in its history Pre-tax profits plunged by 93% to £15m compared to the same period last year BritBox shows classic British television shows like Top Gear and Broadchurch A new series of … Read more
Sajid Javid lands top role at US investment bank six months after quitting as chancellor Sajid Javid will join the European advisory team at JP Morgan as a senior adviser He will be advising clients on the economic landscape in Europe after Brexit The former Chancellor will be under strict rules over what he can divulge … Read more
Investment firm Schroders tells staff they can work remotely for EVER as long as they put in their set hours each week Investment firm Schroders has told staff they can work from home permanently Chief executive Peter Harrison said Covid-19 had ‘changed society irrevocably’ Other city firms such as Aviva Investors are considering flexible ‘2-2-1’ approach By Francesca … Read more
There are just 87 days to go until the US election, and seldom have Americans cast their votes in such extraordinary circumstances. The economy is cratered, but stock markets are reaching for the skies and the victor may be the man who seemed, just a few months ago, to have little chance of occupying the … Read more
Ministers spent more than £150milllion buying millions of face masks from a small investment company that cannot be used by NHS medics, court documents reveal today. Around 50 million Chinese-made FFP2 masks supplied by Ayanda Capital had ear straps rather than head straps, which raised ‘concern’ they may not provide an ‘adequate fixing’ around the … Read more
State-backed pension provider Nest is to plough £5.5billion, nearly half of its 9million members’ money, into a climate-friendly investment strategy. Nest’s goal is to halve carbon emissions generated by its investments by 2030 and reach ‘net zero’ by 2050. It will also ditch companies involved in thermal coal, oil sands and Arctic drilling within five … Read more
Starved savers who are desperately seeking a decent return are being targeted by fraudsters posing as genuine investment firms. Reports of investment scams soared by 45 per cent over lockdown, with 1,600 cases recorded in June, reports Action Fraud. Experts warn that an increasingly common – and convincing – tactic is for crooks to mimic … Read more