8th November 2013
1) Twitter’s IPO was pretty spectacular and at one time shares were above $50 on Thursday before falling back to around $41 by Friday close as the Telegraph reports. After the initial frenzy some brokers had sent out a sell signal. Still well above the IPO price of $26. But where’s the floor? Monday will tell us (a little) more.
2) Strong jobs figures in the US leads the Wall Street Journal to say tapering may be on the table. Brace yourselves.
3) Which? wants pension charges capped at 0.5% and asks the public to sign its petition to put pressure on the government which is consulting on a 0.75% cap.
4) The pension minister Steve Webb suggests relaxing some requirements on firms offering final salary pensions such as inflation protection. This, it is hoped, will encourage more employers to retain this type of scheme or offer a halfway house between defined benefit and defined contribution pensions with a range of proposals.
5) France is downgraded by S&P. Shaun Richards asks could it happen here?