Warren Buffett’s Berkshire Hathaway reports loss as investments fall

Warren Buffett’s Berkshire Hathaway has reported figures for the third quarter (AP)

Warren Buffett’s company has reported a nearly 13 billion dollar loss in the third quarter as the paper value of its investments fell, but the companies it owns – particularly the insurers – generally performed well.

Berkshire Hathaway said that it lost 12.8 billion dollars (£10.3 billion) in the quarter. That is significantly bigger than the 2.8 billion dollar (£2.2 billion) loss that it reported a year ago.