The number of millionaires in the UK has fallen to its lowest point since the 2008 global financial crisis, as tax hikes and the threat of a potential wealth tax fuel an exodus of high-net-worth individuals. In 2025, more millionaires left Britain than any other nation, with 16,500 departing, taking an estimated $91.8 billion in wealth with them .
Prime Minister Andy Burnham has placed the renewal of the UK's Trident nuclear deterrent at the heart of his government's defence and economic agenda, announcing a new £8.4 billion phase of contracts for the Dreadnought nuclear submarine programme . The package includes a £5.9 billion contract awarded to BAE Systems to advance construction of all four next-generation submarines, which will replace the Royal Navy's ageing Vanguard-class fleet from the early 2030s
Lloyds Banking Group (LLOY) delivered better-than-expected first-half profits, announced a £1 billion share buyback and unveiled an ambitious new "Accelerate 2030" strategy targeting £2bn in cost savings through AI, sending its share price higher . The UK's largest mortgage lender reported a 23% jump in statutory pre-tax profit to £4.3 billion, beating analyst forecasts of £4.12 billion, as rising interest income and a higher net interest margin boosted the bottom line
The Rolls-Royce share price climbed more than 5% on Thursday after the British engineering group reported a 46% surge in first-half underlying operating profit and raised its full-year guidance well above market expectations. The rally came as results revealed the company was benefiting from two major global spending trends: rising defense budgets and the rapid build-out of AI data centers .
Greggs, the UK's largest bakery chain, has reported a surge in first-half profit and sales, fueled by a strategic menu pivot towards health-conscious options and a continued aggressive expansion of its store estate. The company's shares soared over 16% as it revealed plans to grow to at least 3,500 shops, dismissing concerns that it had reached saturation point .
A late goal from 17-year-old Rio Ngumoha secured a narrow 1-0 victory for Liverpool over Wrexham in their pre-season friendly at New York's Yankee Stadium, in front of a crowd of 42,204.
A new report from IBM reveals that the global average cost of a data breach has reached an all-time high of $4.99 million, driven largely by a surge in AI-powered cyberattacks and the rapid proliferation of unauthorized "shadow AI" tools within organizations.
On August 12, skywatchers across the Northern Hemisphere will be treated to a rare astronomical double feature. The only total solar eclipse of 2026 will take place on the same day that the famous Perseid meteor shower reaches its annual peak, with a new Moon providing exceptionally dark skies for viewing the meteors
PGA Tour player Trey Mullinax has been suspended for six months after testing positive for a substance banned by the World Anti-Doping Agency (WADA). The 34-year-old, who has only conditional status for 2026, admitted he took a medication to treat a long-standing condition without seeking the required approval .
The U.S. Food and Drug Administration (FDA) has announced a nationwide recall of more than 11 million bottles of Rohto Cooling Eye Drops due to a "lack of assurance of sterility." The voluntary recall, initiated on July 14, 2026, by manufacturer Rohto-Mentholatum (Vietnam) Co., Ltd., affects eight popular over-the-counter eye drop products distributed by The Mentholatum Company