Money

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.

What on earth’s happening to the Barclays share price?

The Barclays share price has been jumping around of late and is up 11% in the past month. Ken Hall looks at what's really moving the banking stock. The post What on earth’s happening to the Barclays share price? appeared first on The Twelfth Magpie.

Vitol profit drops to $4.5 billion in 2025, sources say

By Dmitry Zhdannikov LONDON, June 10 (Reuters) - Energy trader Vitol achieved a net profit of around $4.5 billion in 2025, two sources familiar with the results told Reuters, a sharp drop from its stellar earnings of 2022-2024 but still the fourth-highest annual result for the company on record. Privately held Vitol does not issue full financial results, but in March it said its revenue grew

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.

A $12,000 gaming pallet was sold for $1,854 - then the returns started revealing their real value

A reseller buys an Amazon returns gaming pallet for $1,854 after seeing a claimed retail value of more than $12,000. The risk is that every item was returned, meaning some products are sealed and valuable while others are empty, damaged, broken, or unusable. As the pallet is unpacked, working Nintendo Switch consoles, sealed games, headsets, accessories, and unexpected non-gaming items slowly reveal whether the purchase was smart or a costly mistake. The stakes come from the gap between retail value, real resale value, and the uncertainty of returned merchandise. The video is compelling because the final numbers show how one risky pallet became a $6,450 inventory haul with more than $4,600 in potential profit.

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.

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...

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

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

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."

Will Bank of England raise interest rates next week? All eyes on Andrew Bailey as ECB makes its move

The ECB has made a move and all eyes will be on the Bank of England as it votes on interest rates next Thursday.

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

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.

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.

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...

A woman paid $150 for electricity... then the algorithm charged her $11,000

For decades, a price tag meant everyone paid the same amount for the same product. But that social contract is quietly disappearing. Companies are now using algorithms, AI systems, location data, shopping habits, and even device information to determine how much each individual customer is willing to pay. And according to critics, the future of shopping may become less about supply and demand — and more about how desperate companies think you are.

Lloyds to give these customers free £250 - or more

Lloyds Bank will give eligible new and existing customers the cash - here's what you need to know

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?

Gold rises as dollar and oil ease on Iran hopes

Gold prices moved higher as a softer U.S. dollar and lower oil prices supported demand for bullion, with investors weighing fresh optimism that tensions involving the U.S., Israel and Iran could ease.

The one small choice that can transform your financial future

It's the little decisions that add up that really make a difference in our long-term financial circumstances rather than rare hits. Many think that they need a lot of money to make money, or the cash windfall found when they go through a tech-startup exit, to be wealthy, but the key to achieving

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...

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.

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

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

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

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

State pensioners issued £10,000 savings account alert

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

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, ...

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

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%,

This side hustle makes me $5,000 a week

What started as a simple side hustle quickly turned into a serious source of income. Earning $5,000 a week sounds unbelievable, but the strategy behind it might surprise you. See how one creative idea grew into a highly profitable venture.

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 ...

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...

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.

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...

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

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

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

US, Iran haggle over frozen funds as they inch toward interim deal, sources say

By Parisa Hafezi and John Irish DUBAI, June 11 (Reuters) - Efforts to reach an interim deal to end hostilities between Iran and the United States have intensified, Iranian and western sources told Reuters on Thursday, despite strikes launched by both sides, with the warring parties discussing how to release frozen Iranian funds. The sources said Iran and the U.S. were still exchanging messages

Your King Charles banknotes could be worth thousands - check the serial number

Here are the coveted serial numbers to look out for

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

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

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?

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.

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 [...]

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.

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.

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 ...

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.

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...

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...