Billionaire investor Warren Buffett has cut his stake in Tesco, days after the food retailer posted a major profit slump.
There was really only one story grabbing the headlines in the retail financial services world this week - the surprise exit of the most famous investor in the UK, Invesco Perpetual's Neil Woodford.
Billionaire investor Warren Buffett has compared the Federal Reserve to a giant - and successful - hedge fund, after the central bank opted not to taper its asset purchase programme on Wednesday evening.
Warren Buffett's company Berkshire Hathaway has reported a rise in profits of 46% in the second quarter following big gains from the firm's investment portfolios.
Royal London Asset Management's Martin Cholwill is backing wealth managers to outperform in the financial services space as he looks for stocks set to benefit from ‘survivor bias'.
A private charity lunch with Warren Buffet has sold for $1m - less than a third of last year's price.
Berkshire Hathaway (BRK), the insurer headed by billionaire Warren Buffett, has been downgraded by Standard & Poor's from AA+ to AA.