Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

New Year Day Papers: U.S. to go over cliff as vote delayed

New Year Day Papers: U.S. to go over cliff as vote delayed

Top stories

  • The Daily Telegraph: The United States is on course to topple over the "fiscal cliff" as Democrats and Republicans reached the broad outlines of a deal but failed to pass the required legislation in time.
  • The Daily Telegraph: Britain must remain at the centre of the Europe Union to 'bang the drum' for business, according to the CBI, which warned against 'throwing the baby out with the bathwater'.
  • The Guardian: The UK economy could suffer a "groundhog year" in 2013, a left-of-centre thinktank has warned, with little or no growth amounting to a rerun of last year's economic performance, when GDP is thought to have fallen 0.1%.
  • Daily Mail: Nearly four in 10 (38%) of people quizzed by Halifax predicted that house prices will rise in 2013, while less than a fifth (18%) believe prices will decline.

Business and economics

  • The Daily Telegraph: Cyprus President Demetris Christofias has hit out against the harsh austerity measures being meted out to struggling eurozone members as the Mediterranean island faces a bleak new year.
  • The Daily Telegraph: Super-rich hedge fund financiers emerged as the big winners from the Bank of England’s money printing programme in 2012, as pensioners and savers were made to struggle with shrunken incomes.
  • The Daily Telegraph: Business leaders are “frustrated” and “disappointed” over the lack of action from the Government on industry proposals to cure Britain’s sick-note epidemic, which are still awaiting an official response.
  • The Guardian: Last year's record rainfall has cost British farmers £1.3 billion, prompting calls for government to provide insurance against extreme weather if it wants to preserve national food security.
  • The Guardian: Taxpayers will end 2012 with a £23 billion loss on their stakes in Royal Bank of Scotland and Lloyds Banking Group, illustrating the difficulty the government faces in attempting to make a profit from any sell-off of the shares in the bailed-out banks.
  • Daily Express: The pound ended the year with annual gains against both the euro and the dollar yesterday but analysts say Britain's currency may struggle in 2013.
  • Daily Express: Gas explorer BG Group has won a £1.1 billion US loan to help it buy the services of American companies for building a new liquefied natural gas plant in Australia.
  • Daily Express: Oil prices notched up a fourth annual rise in a row in 2012 as Brent crude enjoyed a record average daily price for the year.

Share tips, comment and bids

  • The Daily Telegraph: The money raised by the stock market flotations of private equity-backed companies across the world almost halved last year, according to Ernst & Young.
  • The Daily Telegraph (Comment): New rules banning payment of commission to financial advisers may force hundreds of thousands of people to become DIY investors.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter