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UPDATE 2-Warren Buffett says Berkshire has "right person" as heir

* Suggests potential successor already works within Berkshire

2:47pm GMT

China says to implement drug distribution reforms

BEIJING, Feb 28 - China said on Saturday it would implement drug distribution reforms including centralisation measures designed to cut prices and reduce corruption.

2:04pm GMT

UPDATE 1-Berkshire Hathaway net falls, operating profit rises

* Q4 net income falls to $4.16 bln or $2,529 per Class A share

Warren Buffett says Berkshire has "right person" as heir

NEW YORK, Feb 28 - Warren Buffett, in his 50th anniversary letter to shareholders, said on Saturday that Berkshire Hathaway had finally chosen the right person to succeed him.

1:37pm GMT

Berkshire Hathaway net falls, operating profit rises

Feb 28 - Warren Buffett's Berkshire Hathaway Inc on Saturday said profit declined 17 percent in the fourth quarter from a year earlier, reflecting lower investment gains, though operating results improved.

1:08pm GMT
Consumer Non-Cyclicals
Unilever PLC 2,866.00p -0.07%
British American Tobacco PLC 3,782.00p -0.34%
SABMiller PLC 3,675.00p -1.02%

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