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.
- Market leading savings rates are being pulled after just days on offer
- Halloween stock picks which could be winners but are still not for the faint hearted
- More than 20m have failed to review their pension in the past four years
- Younger women are not financially protected against breast cancer
- Up to 200,000 are poised to cash in their pensions next April
- As temperatures drop the battle between the UK's energy providers heats up
- Mindful Money's weekly shares watch: BP, Lloyds, Next & Barclays
- The average working Briton enjoys some £500 a month in spare cash says Lloyds
- Pension scammer warning as 77% say they don't know the difference between pension income reforms and pension liberation
- Red flag – Despite what some policymakers may imply, global debt levels are not reducing