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.
- June was worst month for FTSE in three years
- Are European powers trying to drive Greece out of the eurozone?
- Tullow Oil is a 'buy' despite profit drop
- Greece gives further ground to creditors as Bank of England warns of risk to UK stability
- Greece misses payment deadline to IMF but reports suggest Tsipras will now accept many creditors' conditions
- Pension tax relief: latest sign that it will be cut in next week's Budget
- £10,000 less of savers' money protected after FSCS rule change
- Five European share tips to beat the Greek gloom
- The folly of misfuelling – never assume your car insurance will pay out
- Greek debt crisis: No more talks with eurozone ministers until after Sunday’s vote