London IPO candidate Utmost sees inflows slide Investing A wealth soultions firm expected to IPO in London later this year has posted a fall in inflows as a boost generated by last year’s UK government tax shake up tailed off. Utmost, owned by private equity firms Oaktree Capital and Brookfield, recorded £4.4bn of inflows in the first half of the year, down from [...]
Revolut founder’s wealth set to balloon amid talks of share award at $500bn valuation Fintech The billionaire founder of Revolut is set to see his wealth balloon following reports of a pay package that would land him a major stock windfall if the fintech reaches a $500bn valuation. The digital bank, which is currently undergoing a secondary share sale seeking to value the firm at $115bn, is in discussions to [...]
HSBC kicks off $1bn share buyback after profit smashes forecast Banking HSBC has resumed its share buyback programme after profit soared past expectations in the second quarter of 2026. The FTSE 100 bank – whose market cap of £274bn makes it the London Stock Exchange’s most valuable company – posted $10.1bn (£7.5bn) in pre-tax profit for the last three months, surging past an internal forecast of [...]
Number of British millionaires sinks to lowest level since financial crisis July 28, 2026 The number of millionaires in Britain has sunk to its lowest level since the 2008 financial crisis as rich residents flee the country due to punishingly high levels of tax and the removal of non-dom status, a fresh study has claimed. Some 442,000 millionaires were listed as residents in Britain in 2025, a seven per [...]
Burnham opens door to wealth tax July 15, 2026 Andy Burnham has refused to rule out a wealth tax as part of his economic agenda, saying the country needs a “greater sense of fairness”. In his first formal interview since being all but confirmed as the next Prime Minister, the former Manchester mayor warned that decisions on tax were “going to be difficult” and [...]
JP Morgan bags record profit – but Dimon warns of risks shifting ‘below the surface’ July 14, 2026 JP Morgan secured the highest quarterly profit in US banking history in its second quarter but chief executive Jamie Dimon tempered the celebration with a warning that risks in the global economy were “shifting below the surface like tectonic plates”. The Wall Street giant recorded a 41 per cent jump in net income to $21.2bn [...]
Why the wealthy aren’t tired of London after all July 9, 2026 London may have dropped down the ranking of the most desirable cities for high-net-worth individuals to live, but its offering of stability, opportunity, lifestyle and long-term value still stands out, says Alan Hooks “No, Sir, when a man is tired of London, he is tired of life.” Samuel Johnson’s famous quote encapsulates why, despite dropping [...]
Winners and losers: Billionaires boom but Brits suffer largest fall in wealth since pandemic July 1, 2026 The artificial intelligence boom fuelled a 13 per cent surge in global billionaire wealth last year, according to a fresh study which also found the UK has suffered the biggest fall in overall wealth levels of any developed nation since the pandemic. According to the UBS temperature check of high-net-worth individuals, nearly 400 billionaires were [...]
Carrying debt into retirement isn’t always bad news June 23, 2026 As more pensioners turn to housing wealth to fund old age, James Daley argues that perceptions around carrying debt into retirement need to change.
Jaguar Land Rover eyes cost-cutting and wealthy buyers in cyber attack recovery June 17, 2026 Jaguar Land Rover (JLR) plans to cut costs by £1.7bn and appeal to wealthy American petrol heads in a bid to recover the cost of last year’s devastating cyber attack. The British car maker, which owns brands including Range Rover and Defender, announced plans to tap into growing demand for luxury products and cater to [...]