Warren Buffett and board ‘agree’ on next CEO – but name no names

Buffett , 82, says he is ‘solidly in agreement’ with Berkshire Hathaway board members as to who should take over from himWarren Buffett and the board of his conglomerate Berkshire Hathaway are “solidly in agreement” on who should be the company’s next chief executive, he said at Berkshire’s annual shareholder meeting on Saturday.But Buffett, as […]
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Tax breaks for games and training announced in autumn statement

Chancellor’s autumn statement brings good news for UK creative industries with a 25% tax relief and £6m fund for trainingGeorge Osborne has confirmed that the UK’s video game, animation and “high end” television industries will benefit from a 25% tax relief from April 2013.The chancellor had already promised some form of games industry tax breaks […]
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Lack of political consensus is stifling green investment in the UK | Ditlev Engel

The government must agree on a way forward for renewables if it is to unlock the billions of pounds poised to flow into the sectorBillions of pounds of investment in renewable energy is waiting to flow into the UK energy sector. Will the energy bill, published on Thursday, unlock it?Vestas is the world’s leading manufacturer […]
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Michael Woodford: the man who blew whistle on £1bn fraud

Former Olympus chief executive tells of risks he ran in exposing fraud scandal at the digital camera company”This is humbling. It’s a long way from a private jet,” Michael Woodford shouts out as he charges across five lanes of traffic and into the underground at Euston Square.In a previous life as the boss of one […]
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Airports commission chief pledges to narrow down options by next year

Sir Howard Davies counters criticism that commission – which will produce final report after next election – is too slowThe leader of the newly launched airports commission has countered claims that his inquiry will serve as a political delaying tactic by pledging to offer practical answers by next year, well before the next general election.The […]
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Citigroup sets a dangerous precedent over CEO’s departure

Did Citi’s chairman push the CEO out? Either way, the concentration of power in too few hands leads inevitably to abusesFour years after the financial crisis began in earnest, the public has struck something of a devil’s deal with the financial system: the only thing we demand of banks is that they make an effort […]
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Skyscanner expects expansion takeoff

Flight search site hopes to expand tenfold in the next three or four years and has not ruled out a stock market flotationSkyscanner, the flight search site, has doubled its revenues in the last year and is planning an aggressive recruitment drive in its home base in Edinburgh, its chief executive has said.Gareth Williams, also […]
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GlaxoSmithKline opens door on data in bid to aid discovery of medicines

British drugs company releases findings of clinical trials and announces new effort to find tropical disease curesThe British drugs company GlaxoSmithKline is to open up the detailed data from its clinical trials to the scrutiny of scientists in a bid to help the discovery of new medicines and end the suspicions of critics that it […]
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Halfords buoyed by Olympic cycling glory

Halfords, the UK’s biggest bike retailer, said cycle sales jumped 14.7% in the three months to the end of SeptemberThe cycling gold rush at the London 2012 Olympics and Bradley Wiggins’s historic triumph in the Tour de France have encouraged the nation’s couch potatoes to get on their bikes.Halfords, the UK’s biggest bike retailer, said […]
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City watchdog blames bonus culture for corrupting bank services

FSA says incentive schemes are likely to drive staff to mis-sell, after finding ‘serious failings’ in study of 22 financial institutionsThe City watchdog has ordered banks to put an end to their bonus culture, in a report that blames staff incentives for corrupting the services they provide and leading to millions of consumers being missold […]
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