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...Ten years ago, he and his wife Sophie set up their organic dairy farm in Chard, Somerset. Five years ago, they realised it was not working....
...Since 1964, Berkshire shares have returned 4.4mn per cent, far outstripping the 31,233 per cent gain by the benchmark S&P 500....
...That and a broad drought in IPOs have made it one of 2022’s top underwriters in US equity markets....
...Dolls are the crown jewels of the product range. At peak in 2014, the market for 12in plastic Jasmine, Snow White and Moana dolls was worth as much as $565m, according to Jefferies....
...The company’s stock has advanced 6.4 per cent so far this year, far ahead of the 8 per cent slide by the S&P 500....
...Strong sales of dairy products, helped by a continued vogue for home baking, and pet food, such as the Purina brand, also drove growth....
...Its core operating businesses, which include the insurer Geico, BNSF railroad and the Dairy Queen ice cream chain, also improved....
...Shares of Berkshire are down 7.6 per cent so far this year, trailing the S&P 500 by more than 18 percentage points....
...Dairy farmers globally have experienced a drop in demand as restaurants, cafés and food-to-go outlets closed, leading to warnings that some farm businesses may collapse....
...Berkshire class A shares are down 7.4 per cent so far this year, compared with a 3.7 per cent advance by the benchmark S&P 500....
...A version of this article was first published by Nikkei Asia on January 29 2021. ©2021 Nikkei Inc....
...The XPS 15’s US base model starts at $1,299, while the UK version is £1,599 and is available on Thursday....
...M&S swiftly pulled it from its food range....
...Meat and dairy provide just 18 per cent of calories but uses 83 per cent of farmland and produce 60 per cent of agriculture’s greenhouse gas emissions, a Science paper said last year....
...Shares of Mattel, the company behind Barbie dolls and Hot Wheels cars, put the pedal to the metal on Friday with stocks surging higher....
...The news came as Mattel shares continued to march higher as one of the best performers in the S&P 500....
...John Mulligan, chief operating officer of the S&P 500 retailer Target, told investors that it had “aggressively chased” the toy market....
...Mattel was junked by S&P Global Ratings last month after it cut its ratings from BBB- to BB with a negative outlook, noting that it expects the company to “continue to experience heightened business risk...
...It also set a negative outlook on the toymaker, which makes well-known products including Barbie dolls and Hot Wheel cars....
...Mattel shares jumped late on Friday after a report that larger rival Hasbro has made a takeover offer for the toymaker behind Hot Wheels and Barbie dolls....
...Mattel, maker of Barbie dolls, Hot Wheels cars and other childhood favourites, was hard hit after Toys R Us filed for bankruptcy in September....
...The first week was 2020, the second was 2070 and we just completed 2250 last week, along with 2000 Model S/X vehicles....
...Meanwhile, S&P Global Ratings, pushed Mattel deeper into junk territory, cutting its rating by one notch to ‘BB-’ from ‘BB’, with a negative outlook....
...Mr Buffett said their respective performances had roughly matched the broader S&P 500 index since they had started at the company....
...The TV advert, unveiled in the UK in November, evoked a nostalgia for the 1990s, when parents would queue up outside Toys R Us stores to grab Cabbage Patch Kids dolls and games consoles....
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