Five things investors learned in the last week
- 4 October 2013
1) The US government has shut down with Congress failing to agree a budget this week. All eyes are on the debt ceiling due roll-0ver which falls on the 17 th October. Most commentators say they won’t dare default. If they do, it will be uncharted territory. A long debate over the ceiling will harm the economy says the Washington Post politics site. The head of the IMF Christine Lagarde says it is mission critical.
2) Twitter has passed its papers to the SEC and says it hopes to raise £1bn as Sky News reports.
3) The Barclays cash call sees 95% of investors taking the chance to buy shares at 185p for every four shares they owned as Investment Week reported on Thursday.
4) The Chancellor of Exchequer George Osborne says a Conservative government will aim to deliver a budget surplus by 2020 as CityAM reports. The Guardian’s economics blog predicts more cuts to get there.
5) Challenger online DFM business Nutmeg says it will publish its performance figures soon in a bid to shake up the discretionary fund market as chief executive Nick Hungerford tells MindfulMoneyTV.
- What Tesco's record-breaking loss means for investors
- HSBC could leave UK, but resurrect Midland Bank before it goes
- First rate rise expected in early 2016, say experts
- The number of people switching bank account rises 7% with Halifax and Santander the main beneficiaries
- Tesco posts worst loss of any UK retailer on record
- Forget freedom, retirees could be 'nudged' into turning pension into income
- Is value still to be found in Europe?
- Young people expect to retire with £95k in pension, but haven't started saving
- Strict mortgage checks encouraging borrowers to 'play' the system
- Homeowners believe next 12 months is best time to sell