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2 UK shares I think Warren Buffett would buy today
More on: Image source: The Motley Fool
Warren Buffett’s stock choices frequently make headlines, due to his long-term success as a billionaire investor. The ‘Oracle of Omaha’ doesn’t often buy UK shares, but I reckon I’ve found two stocks he’d possibly pick.
As my starting point, I looked for businesses with reliable customers, good profitability, and strong cash generation. In my view, these are the hallmarks of all Buffett’s most successful investments, including his £81bn stake in
Apple and his near-10% holding in
Coca-Cola Co.
US$12.3 TRILLION out of thin air…
The report states the two-storey detached home is due to be sold off. Since officers gave the application the go-ahead, ward and parish councillors as well as residents vehemently opposed the plans and urged officers to rethink their judgement. The campaign group have urged their followers and Datchet residents to write to the tree department, the head of planning, and the managing director of the council to demand the grand old tree to be saved.
The grand old tree in all its might According to their Facebook page, protesters have until May 26 to voice their objections. They wrote: “The tree may be implicated in subsidence issues that affect a neighbouring building; however, a tree expert has provided different remedies that could stabilise the building and preserve the tree.
Lower motor premiums dent Direct Line s numbers
Direct Line blames subdued claims, low levels of new car sales and fewer new drivers entering the market
Fewer people driving due to the pandemic lockdown knocked first-quarter premiums for insurer Direct Line PLC (LON:DLG).
Motor premiums fell by 10.6% to £367mln in the three months to end-March, while its rescue arm that includes the Green Flag roadside recovery business saw income drop by 16.3% to £90.7mln.
Penny James, chief executive, said the trends over the quarter had been subdued claims, low levels of new car sales and fewer new drivers entering the market.
Fewer car sales and new drivers hits brakes on Direct Line growth
Insurer Direct Line today said that low levels of new car sales and fewer new drivers led to deflationary market conditions during the first quarter.
The firm’s total group premiums fell 4.7 per cent year-on-year to £752.3m, with motor premiums plummeting 10.6 per cent to £367.3m.
Elsewhere, Direct Line continued to deliver growth in its home and commercial divisions, which grew 1.8 per cent and 16.1 per cent respectively.
The company also acquired a new auto services repair centre, which it says will become increasingly important when more people start driving again.