Money

The world's richest musicians, ranked

From legendary rock stars to rappers with lucrative side hustles, check out the world's 25 richest music stars.

How much just £4,480 invested in Lloyds shares 5 years ago would be worth today

An investor who bought 10,000 Lloyds shares five years ago would be sitting pretty today. But how would that stack up against the FTSE 100? The post How much just £4,480 invested in Lloyds shares 5 years ago would be worth today appeared first on The Twelfth Magpie.

New bond that beats top savings rates launches – should you buy it?

Investors have the chance to beat top savings rates with a new “retail bond” paying an annual rate equivalent to 7.5pc. The coupon payment, which extends until its maturity date in 2033, offers a rate that far exceeds the top five-year bond listed on The Telegraph’s Best Buy list and comfortably beats the UK’s current 2.8pc rate of inflation. It al...

HMRC savings tax warning as number facing £5,000 bills surges

The number of savers facing tax bills of at least £5,000 on their savings interest has almost tripled in four years, according to new HM Revenue and Customs (HMRC) figures. Around 144,000 people are forecast to pay at least £5,000 in tax on savings income in 2026/27 — up from 52,700 in 2022/23, a rise of 173 per cent — according to data sourced by ...

Israel’s wartime costs are rising and squeezing social spending

Israel’s prolonged war footing has driven total conflict-related costs to about 405 billion shekels, or roughly $138 billion, raising fresh concern that defense spending will keep crowding out health, education and other civilian priorities.

We’re first time buyers – what schemes are there to help us?

A reader is trying to work out ways to buy their first home - and what help is available

4 side hustles that don't require showing your face, selling anything or leaving your house — and pay $2,000+ a month

A wave of home-based side hustles requiring no on-camera presence, no direct selling, and no daily commute is pushing past the $2,000 (£1,500) a month mark for a growing pool of workers in 2026. Forbes contributor Alejandra Rojas examined side hustles clearing at least $2,000 a month in a report published on 20 May. Rojas, a certified Trauma of Mon...

Factbox-Intesa attempts to strengthen Italian banking leadership with MPS bid

By Valentina Za and Andrea Mandala MILAN, June 11 (Reuters) - Intesa Sanpaolo's unsolicited €30.6 billion ($35 billion) cash-and-share bid for Monte dei Paschi di Siena (MPS) seeks to cement its domestic supremacy at a time when rival UniCredit is closing in on Germany's Commerzbank. Months in the making, the offer was announced on Monday, two days earlier than planned after Banco BPM said on

SpaceX IPO draws billions in orders from Middle Eastern funds

Bloomberg Tech Co-Host Caroline Hyde joined Bloomberg's Paul Sweeney and John Tucker to discuss how Gulf wealth funds are pouring billions into SpaceX's IPO. Gulf wealth funds have put in orders for shares worth several billions of dollars in SpaceX's initial public offering, according to people familiar with the matter, the latest indication of the region's ambitions to continue playing a lead role in bankrolling the global artificial intelligence buildout.

Premium Bonds prize checker: When is June’s NS&I draw and have I won?

Premium Bonds prize checker: When is June’s NS&I draw and have I won? - Next month’s prize draw is imminent

UK regulator shutters payments firm on money laundering concerns

LONDON, June 11 (Reuters) - Britain's Financial Conduct Authority succeeded in shuttering Euro Exchange Securities on Thursday after London's High Court approved the regulator's application to appoint administrators for the payments firm. Euro Exchange Securities UK Ltd, the London arm of an electronic money and payments firm with U.S. and Spanish businesses, now has to ensure that client money

How much do you need to retire comfortably?

The idea of finally retiring from work may fill some with joy – but it can also be a great source of anxiety. It is all well and good to dream of long summers, holiday homes and big family trips, but how much money do you need to fund a new life without a salary? Ian Cook, of the wealth manager Quilter, said: “In days gone by, defined benefit pensi...

BT doubles boss’s pay despite £3.7bn cost-cutting drive

BT chief executive Allison Kirkby received a £5.6m pay package last year, more than double the £2.5m she earned a year earlier, as the telecoms giant accelerated a sweeping cost-cutting programme designed to strip billions from the business. According to the FTSE 100 group’s annual report, Kirkby was paid £5.58m for the year to 31 [...]

Raspberry Pi shares surge after profit guidance hiked

The Cambridge-based firm has seen the value of its stock more than triple since the start of the year.

UK's FTSE 100 rises as financials rebound, Middle East and AI spending worries cap gains

June 11 (Reuters) - London's FTSE 100 index climbed on Thursday, supported by a recovery in financials stocks, though concerns lingered over the Iran war and surging corporate spending on artificial intelligence. The blue-chip FTSE 100 closed 0.5% higher at 10,303.9 points, while the midcap FTSE 250 added 0.1%. • HSBC and Standard Chartered added 2.2% and 3.4%, respectively, while Prudential

Michael Saylor's strategy sold 32 bitcoin at $77,135 — then piles $101 million back in at $65K

Days after Michael Saylor's Strategy offloaded 32 BTC at $77,135 per token, the largest corporate BTC holder in the world disclosed in a Monday 8-K filing with the US Securities and Exchange Commission (SEC) that it purchased 1,550 Bitcoins at an average price of $65,332 per token between 1 June and 7 June. The purchases were funded using proceeds ...

Schwab's Sonders on the rise of casino culture in markets

Liz Ann Sonders, Charles Schwab chief investment strategist, sees a rise of speculative investing and says financial markets are starting to look more like casinos. She speaks with Tom Keene and Scarlet Fu on the debut episode of "Bloomberg Money."

Dollar steadies following US strikes on Iran and ahead of inflation data

By Satoshi Sugiyama TOKYO, June 10 (Reuters) - The dollar held steady against major peers on Wednesday after the United States launched strikes against Iran, while investors awaited key U.S. inflation data for clues on the Federal Reserve's policy path. The U.S. military on Tuesday launched strikes against Iran after President Donald Trump said Tehran had shot down a U.S. Apache helicopter in

10 countries millionaires are flying from – and 10 they're landing in

Where in the world do millionaires want to live today? Discover the countries that stand to gain and lose the most high-net-worth citizens.

Sterling holds firm against euro ahead of ECB meeting

LONDON, June 11 (Reuters) - The pound held firm against the euro on Thursday ahead of a European Central Bank meeting that should be the day's main driver for the currency pair with little in terms of scheduled news due from Britain. The euro was last at 86.3 pence, steady on the day, but near the bottom of its trading range for the year so far. The pound has been supported against its nearest

The countries you need to pack cash for - and how much you'll really get charged for using an ATM

To help travellers save money and avoid fees on their next trip, we've highlighted 12 destinations where local currency is king - and reveal exactly how much those ATM fees will dent your budget.

IRS takes down $40 million tax shelter — four convicted over 98% tax-saving claims

Offering tax-saving services to high-net-worth individuals is a lucrative business model in the US. The wealthy often explore diverse tax-savings strategies to avoid paying tax bills worth billions of dollars. Amid concerns of a proposed wealth tax, many billionaires are even moving to different states with more favourable tax structures. However, ...

The world's 25 richest rappers, ranked by their massive fortunes today

Meet the world's richest rappers, from Cardi B to Jay-Z.

Michael Burry says two beaten-down stocks offer better value than Microsoft — buys Lululemon despite headwinds

's Michael Burry disclosed in a Substack post last week that he bumped his stake in the apparel company Lululemon Athletica after the shares fell into the low-to-mid $110 range despite reporting a fiscal Q1 earnings and revenue beat.'The relative value in LULU and PYPL by my estimation outweighs that of Microsoft at this time,' Burry had noted. The...

Investec boosts rate on its one-year cash ISA fix to make it a best buy as deals keep improving

Investec has boosted the rate on its one-year cash Isa fix to 4.68% as deals continue to nudge higher.

Tourist hotspot country on verge of collapse as money is worthless and bread costs thousands

One Indonesian Rupiah is work 0.000042p, meaning you would need 24,000 Indonesian Rupiah to get yourself just £1 - or a Freddo - as the country is on the brink

New state pension plan could give 'early access' to £12,500 lump sum

The policy proposal suggests introducing a tax-free lump sum of around £12,500 in exchange for delaying receipt of the state pension by a year in retirement.

BP says it paid £1.2bn in UK taxes last year amid government plans to raise more

BP says it paid £1.2bn in UK taxes last year amid Government plans to raise more - The energy firm said the total amount of taxes paid in 2025 include £422 million raised from the energy profits levy.

Nationwide boss sees pay nearly double after Virgin Money takeover

Nationwide boss Dame Debbie Crosbie sees pay packet nearly double after Virgin Money takeover - Chief executive Dame Crosbie took home a total package of £4.67 million for the latest financial year

Pension system overhaul to unlock billions of pounds for UK economy, Labour claims

A major overhaul to the pension system has been announced by the Labour Government, which could unlock billions of pounds for the UK economy. Yesterday, Pensions Minister Torsten Bell unveiled a major consultation examining how billions held in defined benefit pension scheme surpluses could benefit the country. The proposals would provide pension t...

Iran seeks funds as US talks edge to interim deal, sources say

DUBAI, June 11 (Reuters) - Efforts to reach a preliminary deal between Iran and the U.S. have intensified, three Iranian sources and a European official told Reuters on Thursday, despite strikes launched by both sides, as they discuss a mechanism over releasing frozen Iranian funds. The sources said Iran and the United States were still exchanging messages over details of a memorandum of

Where to put £100k savings right now for the highest return

The great savings rate decline may not happen this year, as conflict in Iran has halted plans for further Bank Rate reductions. While this is good news for your savings, it’s tempered by the fact that inflation is expected to rise steeply, eating away at your returns. To protect your money, it’s worth putting some effort into finding the accounts p...

Turkish man stunned after billions suddenly appear in his account

A bank account belonging to Ahmad Jahangard Takalo, a 32-year-old man living in Van in eastern Turkey, was placed under review after it showed nearly one trillion Turkish lira, according to Euronews. The displayed amount was 999,999,999,999.99 Turkish lira, or about $21.8 billion. The sum has not been confirmed as legitimate, and the bank blocked a...

How I manage my money: Tech firm owner, on £20,000 a month, paying £7,000 in rent

Alexander Dzhienbaev has his own business in the UK and says he invests a lot in cryptocurrency – but doesn’t save into a pension

The world's 20 richest people and the big thing they have in common

Meet the world's most exclusive clique: the people who have fortunes over $100 million.

Amount needed for comfortable retirement jumps by £1,500 a year - and most people aren't saving enough

Think you're saving enough to ensure a comfortable retirement? According to Pensions UK, there's a significant number of people who aren't.

Salary transparency: How much do you earn?

Ever been asked how much money you make and felt uncomfortable? In this edition of Entre Nous, we take a look at salary transparency. With the looming deadline of an EU directive on the issue, we find out what changes are coming, which nations are ready and why transparency may actually ease tensions at work rather than create them.

Blackstone's private wealth inflows improved in June, president says

NEW YORK, June 9 (Reuters) - Blackstone saw improving inflows from individual investors in June amid a pullback from funds that aim to give those people access to rarely traded private assets, the president and chief operating officer of the world's biggest alternative asset manager said on Tuesday. "In the April and May period, April 1, May 1, we saw a slowdown, and yet by June 1 we were up 50%,

Hungarian prosecutors seize more than $300 million in probe of central bank foundations

By Krisztina Than BUDAPEST, May 29 (Reuters) - Hungarian prosecutors and police seized some 92 billion forints' ($300 million) worth of funds and securities in a money laundering probe of foundations set up by the central bank years ago, prosecutors said on Friday. The National Bank of Hungary was cooperating with prosecutors, and had provided documents for the case which dates back to before

7 myths millennials thought would make them rich – and didn’t

Far from guaranteeing a route to financial freedom, these myths often had the opposite effect, financial advisor Laura Churchill said.

How a pie can teach you money lessons

In this episode of the #PieGrahamSeries, I raised $10,000 to surprise Graham Stephan with a pie in Las Vegas. The video covers our discussion on investing, personal finance, his biggest regrets, and how he found fulfillment in life. I also made an appearance in his latest vlog on The Stefamily channel.

Warren Buffett's market indicator tops 232.1% as US stocks trade at extreme valuations — why it matters

Warren Buffett's time-tested stock market gauge just surged to an all-time high of 232.1%, showing that US stock valuations have reached extreme levels. The indicator divides the total US stock market capitalization by the size of the US economy measured by gross national product (GNP). Although GNP differs from GDP, both have historically been wit...

Huge rise in HMRC tax income after allowance slashed to £3,000

Capital Gains Tax (CGT) receipts hit almost £24.3 billion in the 2025/26 tax year

Your friends are richer than you. Here are two ways to survive it

Your friends are richer than you. Here are two ways to handle the wealth gap, according to experts - ‘Wealth and worth have been collapsed in our culture so thoroughly that separating them feels almost impossible,’ one expert said

State pensioners issued £10,000 savings account alert

Some state pensioners face losing out on money or having their benefits reduced.

Barclays will pay new customers £200 to open an account - or up to £600 in perks with Premier deal

Barclays is paying £200 to switch and is also offering a 'first of its kind' experience incentive for Premier customers. Is it worth signing up?

If my wife or I were to go into care, could I take equity out of our home?

Is there such a thing as having too much money?

Can money buy happiness after all? Billionaires weigh in - ANALYSIS: Almost a third of America’s wealth is in the hands of 1 percent of people. But is it making them happier? J.R. Duren asks those with vast resources at their disposable what it means to them

Best easy-access accounts: Today’s latest rates

In their purest form, easy-access accounts provide straightforward access to your cash. They can be the simplest type of savings account to hold, and are a good idea if you want to regularly deposit and withdraw funds. Their convenience can mean lower interest rates, which can increase or decrease at any time (though your provider should always let...

Five reasons why high earners still feel broke – and how to avoid it

Five reasons why high earners still feel broke – and how to avoid it - Many people find themselves asking the question: how can I earn this much and still feel financially squeezed?