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Latest News - James Phillipps

Buffett's Berkshire Hathaway fined $900k for stock rule breaches

Warren Buffett's Berkshire Hathaway has paid $896,000 to the US Department of Justice after being accused of failing to notify regulators that it had built up its stake in a holding last December.

Warren Buffet's Berkshire Hathaway shares hit record high

Fresh from the £18 billion Heinz deal, the Sage of Omaha's investment vehicle closed at $152,498 yesterday.

Rathbones to pay £15m to settle Jersey trust legal dispute

Rathbone Brothers is to pay £15 million to settle a long-running legal dispute.

Budget 2014: Partnership plummets 56% as Hargreaves soars

Specialist annuity providers Partnership and Just Retirement saw their shares take a battering, falling 56% and 42% respectively, following chancellor George Osborne’s announcement that ‘no one will need to buy an annuity’.

River and Mercantile to merge with P-Solve

River and Mercantile Asset Management (R&M) is to merge with investment consultancy P-Solve in a move that could see the combined group floating onto the stock market.

Chinese exports surge unexpectedly by 10.6% in January

China’s exports unexpectedly surged by 10.6% year-on-year in January, reversing suggestions that the economy is in contraction.

Close unveils 0.25% introductory platform charge offer

Close Brothers Asset Management has unveiled an introductory pricing offer on its direct to consumer platform that will see both new and existing clients pay a 0.25% fee until 31 March 2015.

IMF upgrades UK growth forecast to 2.4%

However, this expected to fall back to 2.2% in 2015 with the organisation saying that ‘economic slack’ will remain high.

Rodrigs quits Investec for River and Mercantile

Philip Rodrigs will take over the group's £150 million R&M UK Equity Smaller Companies fund with the current manager, Dan Hanbury to focus on running the fund house's UK Equity Income fund.

Aberdeen sees further outflows as investors shun GEMs

The group saw outflows of £11.2 billion in Q4, down from £13.2 billion in the third quarter, although net outflows were slightly higher at £4.4 billion versus £3.6 billion.