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.
- More signs of Currency Wars emerge and some songs for #Indyref day in Scotland
- European court rules airline luggage fees allowed
- What to do about the problem that is Japan and its economy?
- Storm warning – Investors must not believe the current benign times will persist indefinitely
- The thing we definitely know about the Scottish vote - sterling will react one way or another
- Scottish income tax changes could make it a haven for pensioners
- English subsidy of Scottish tax breaks must stop, says taxpayers group
- UK retail sales edge up in August - helped by a dash for vacuum cleaners
- Latest mortgage lending estimates point to best August since 2008
- The implications and impact of the Scottish 'No' vote on sterling