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.
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- Stop! Why you shouldn't access your pension cash in April
- Labour to slash pension lifetime allowance to £1m to fund tuition fees cut
- City watchdog puts extra consumer protection in place ahead of pension freedom
- IOU Ostriches: half of Britons may have damaged their credit score
- Britons saving at an ever increasing rate as the population becomes more concerned over its future wealth
- Woodford Investment Management's Neil Woodford: "British science is in great shape"
- The wait is over! Lloyds to resume dividend payout
- Investors need to be wary about anti-business rhetoric from Europe's politicians
- Core European governments can basically borrow for nothing today. The US and UK look better for bond investors
- Regional house price gap widens to £350,000