Britain has the lowest level of millionaires since the financial crisis – and that’s no accident July 28, 2026 The number of millionaires in Britain has sunk to its lowest level since the 2008 financial crisis. Rich residents aren’t just fleeing because of policy choices like high levels of tax and the removal of non-dom status, but also a cultural hostility to wealth, says James Lawson It is no secret that the wealthy and [...]
EY and London managing partner fined over £1.3m for audit failure July 28, 2026 Big Four giant EY and its London office managing partner have been hit with a nearly £1.3m fine by the financial watchdog for audit failings related to retailer Made.com in 2021. The Financial Reporting Council (FRC) said the sanction follows an investigation into Julie Carlyle, who manages the City office and a portfolio of many [...]
Barclays profit surges as equity traders cash in on volatility July 28, 2026 Barclays profit surged ahead of expectations in the second quarter of the year as market turmoil fuelled a bumper performance in its equity trading division. The FTSE 100 giant revealed it would launch a new £1bn share buyback after pre-tax profit jumped 17 per cent from the prior year to £6.1bn across the first half [...]
Barry Hearn on Brentwood Town investment: ‘I’m a tight bastard but I’m a believer’ July 28, 2026 Matchroom president Barry Hearn on why he has returned to football with Brentwood Town FC, aiming for promotion to the English Football League and educating the council on the club’s need to buy its stadium. Barry Hearn doesn’t miss a beat when asked if he has missed football since selling Leyton Orient more than a [...]
As it happened: Stocks jump as oil drops; Unilever shares soar on decade-best sales July 28, 2026 Welcome back to the City AM FTSE 100 liveblog. It’s Tuesday and the UK’s blue-chip index has made strong gains following a peaky start to the day. The markets took a boost yesterday after oil dropped back after reaching two-month highs of more than $100 per barrel last week when the Iran backed-Houthis took responsibility for tanker [...]
Expanding London airports will help growth take off July 28, 2026 Extra runways at Heathrow, Gatwick and Luton are not just lucrative transport infrastructure projects that will create construction jobs and supply chain benefits in the short-term. They are key to getting overseas visitors into the UK to spend money, says Alex Challoner The summer holidays are upon us. Chances are, at some time in the [...]
Andy Burnham will find there is a limit to tax rises July 28, 2026 Since tax increases are constrained by adverse behavioral responses and public resistance, the government must prioritise improving long-stagnant public sector efficiency, says Paul Ormerod A brand new Cabinet is in place, with ministers eager to introduce new spending plans to demonstrate that they are making an impact. To pay for these, a range of potential [...]
Screens aren’t the problem, it’s what’s on them that’s rotting our brains July 28, 2026 Technology is just a tool. Like every tool, it can make us better or it can waste our time. So the real question isn’t how much of it we use – it’s what we use it for, says Bhav Singh We’ve spent years arguing about the impact of screen time on kids’ development, but I [...]
Exclusive: Wimbledon chiefs ready to defend brand amid Saudi tennis complex similarities July 28, 2026 Wimbledon chiefs stand ready to defend its distinctive green and purple branding after plans emerged for a Saudi tennis mega-complex with a similar colourway. Renders for a National Tennis Centre in Saudi Arabia’s Qiddiya giga-project were released in June, showing a central court draped in foliage and 29 other courts decked out in a purple [...]
Renault 5 E-Tech 2025 long-term review – second report July 28, 2026 Lined up on the starting grid at Goodwood, the two cars resemble the ‘before and after’ photos from a bodybuilding magazine. Each one is ostensibly a Renault 5, but the similarities almost end there. On the left is my long-term test Renault 5 E-Tech. Compact and straight-sided, its classic hatchback proportions draw directly from the [...]