By: Samuel Norman

City Reporter Samuel is a City Reporter for City AM covering banking, fintech and more across the City. He is a gold-standard NCTJ qualified journalist who's previously worked at the Daily Mail and Sky News. He can be contacted at samuel.norman@cityam.com and posts at x.com/samnormanwrites.

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Hackney tops London’s entrepreneurial boroughs for startup loans

Entrepreneurship

Startup founders in Hackney racked up the highest volume of loans in London as fleets of British entrepreneurs launched their business in the capital. Some 1,309 loans were taken out by founders in Hackney through the Start Up Loans initiative since its launch in 2012 topping £11.4m in value. The borough has benefitted from being [...]
Manufacturers warn UK faces ‘tipping point’ on competitiveness

Economics

The Labour government has been handed a major warning over the future of the manufacturing industry as the sector battles rising costs and pressures to shift business to shift overseas. A fresh survey from the sector’s industry body Make UK showed senior executives in manufacturing firms feared cost pressures would soon reach a “tipping point”. [...]
Trump official warns UK on ‘Russia-style’ X ban after Grok row

Politics

A key Trump administration official has sent the UK a firm warning following speculation Elon Musk’s X platform may face a ban after a scandal around AI-generated images. Sarah Rogers, under-secretary for public diplomacy at the US State Department, issued a series of messages criticising the UK on the rumoured ban. Rogers said the UK [...]

Whitehall in talks with City for non-dom reform after exodus

January 11, 2026

Whitehall is locked in talks with City bigwigs as the Labour government seeks to attract wealthy investors to the UK following the tumultuous fallout to the scrapping of the non-dom regime. The non-dom status was changed by Chancellor Rachel Reeves in the Autumn Budget 2024 and was swapped for a residence-based system that taxes all [...]
Starmer and Reeves ‘credibility shot’ after pubs tax U-turn, says Badenoch

January 11, 2026

The credibility of Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves has faced a bruising after they were forced to make a dramatic U-turn on their business rates reform for pubs, the leader of the Conservative party has said. Ministers are set to water down the business rates bombshell slapped on pubs following fierce [...]
Lloyds shares to offer best cash-back rate in Europe, analysts say

January 9, 2026

Lloyds shareholders are set for a bumper few years as analysts predict the bank will continue to splash cash on dividends and buybacks. The bank has been tipped to move to a half-year buyback, in a move that will majorly ramp up the money it hands back to investors. In 2025, Lloyds beat out its [...]
Glencore shares surge after FTSE 100 miner merger talks revealed

January 9, 2026

The global mining landscape is bracing for a seismic shift after Rio Tinto and Glencore confirmed they are in talks regarding a potential merger. A tie-up between the two FTSE 100 titans would create the world’s largest mining entity, boasting a combined enterprise value of approximately £190bn. Glencore shares rallied nine per cent in early [...]
FTSE 100 Live: Sainsbury’s and Unite dish shareholders cash; Mining merger talks

January 9, 2026

Good morning and welcome back to the City AM liveblog. It was Britain’s retail sector taking centre stage yesterday amid a fresh influx of corporate updates that gave a snapshot of the industry’s December performance. Tesco came out swinging, revealing its market share had climbed to the highest in 10 years after a Christmas sales [...]
HSBC to cough up £230m over dividend tax-fraud claims

January 8, 2026

European banking juggernaut HSBC is set to cough up nearly £230m to settle an investigation relating to tax-fraud claims. The FTSE 100 titan was accused of helping foreign investors evade taxes on dividends through a sophisticated financial manoeuvre known as ‘cum-cum’ trading. This relates to a series of transactions between 2014 and 2019, which were [...]
Greggs shares tumble as baker gets burnt by flaky economy

January 8, 2026

Shares in Greggs took a tumble on Thursday morning after “disappointing” sales growth from a subdued economy left investors with little to cheer for. The chain’s total sales in the golden quarter rose 7.4 per cent as it opened 207 new shops in the last 12 months leading to a net gain of 121 new [...]

Public officials ‘not truthful’ about ‘fantasy’ net zero costs

Australian Open enjoys record crowds before tournament has even begun

From Elton John to Kylie: 10 best alcohol free wines for Dry January

By: Samuel Norman

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