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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- Gay couple lose court fight for equal pension rights
- New car sales reach an all-time high
- Tesco profits tumble 55%
- House prices rise by 8.6% in September as supply remains weak
- Alternative ways to get exposure to Lloyds and other banks
- Markets look to central banks for more help as stocks struggle, says BlackRock's Koesterich
- Cameron promises to turn Generation Rent into Generation Buy with new affordable homes
- Families urged to review their wills or risk missing out on new allowance
- Is the UK economy actually starting to overheat? The indicators say yes...