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Why billions is being wiped off the value of Kraft Heinz and Buffett’s Berkshire Hathaway featured picture

Why billions is being wiped off the value of Kraft Heinz and Buffett’s Berkshire Hathaway

Around $3bn is expected to be wiped off legendary investor Warren Buffett’s holding firm Berkshire Hathaway later today after Kraft Heinz revealed an accounting investigation and $15.4bn write-down amid other issues. Buffett owns a 26.7% stake in Kraft Heinz via Berkshire Hathaway, which itself reports results on Friday. Global investment firm 3G Capital, which has a history of partnering up ...
Market report: Takeovers enliven Friday trade as Provident and Dairy Crest accept bids, Metro Bank wins £120m competition cash featured picture

Market report: Takeovers enliven Friday trade as Provident and Dairy Crest accept bids, Metro Bank wins £120m competition cash

Investors have a couple of interesting takeovers to concentrate on in early trade on Friday as lender Provident Financial (PFG) and Cathedral City cheese maker Dairy Crest (DCG) recommend bids to shareholders. Provident, the £1.3bn business behind Vanquis credit cards, accepts a £1.3bn offer tabled subprime lending peer Non-Standard Finance (NSF). Interestingly, NSF was founded in 2014 by ...
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