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Article: Utilities spark into life on talk that Warren Buffett has sights on buys [Edition 2]
- Article from:
- The Evening Standard (London, England)
- Article date:
- November 12, 2009
- Author:
CopyrightCopyright 2009 Evening Standard - London. Provided by ProQuest LLC. (Hide copyright information)
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AS billionaires go, Warren Buffett is worth a bob or two. That's
probably why shares of his publicly listed vehicle Berkshire
Hathaway are changing hands on Wall Street at more than $100,000
apiece.
Other billionaires may choose to flaunt their wealth, but the
Sage of Omaha, as he has been dubbed, prefers to keep reinvesting
it. He is always on the lookout for investment opportunities and, if
gossip in the Square Mile is to be believed, he may have again found
somewhere to target his cash.
Word is he has been taking a gander at the UK's neglected utility
companies with a view to picking up some sizeable stakes. Gas,
electricity and water supplier United Utilities responded to the
speculation ...