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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Reeves’ £28bn wealth fund under fresh scrutiny

November 13, 2025

Rachel Reeves’ flagship National Wealth Fund has come under scrutiny after an audit identified “weaknesses” in the multi-billion pound vehicle’s risk controls. An audit of the National Wealth Fund (NWF) pointed to potential failures in the effectiveness of risk, management, governance and internal controls. Whilst the findings from the report confirmed “improvements have taken place”, [...]
AI-powered regtech lands £2.1m to help banks dodge FCA fines

November 13, 2025

An AI-powered regulation tech firm has landed £2.1m in funding to help banks avoid getting fines from the City watchdog. Adclear, which uses software to ensure lenders’ books are in order, has capped off a funding round which has included backing from Clearscore founder Dan Cobley and Coinbase’s UK managing director Keith Grose. With Adclear’s [...]
Shawbrook’s private equity owner eyes another £3bn IPO

November 12, 2025

The private equity owner of specialist lender Shawbrook is eyeing another blockbuster listing for one of its portfolio companies, fresh reports have suggested. Pollen Street Capital is understood to be laying the groundwork for an IPO for its UK insurer Markerstudy with conversations underway with investment bankers over a listing that could value the firm [...]
FTSE 100 closes in on 10,000 after outperforming US indices

November 12, 2025

The FTSE 100 is inching a step closer to the magic 10,000 mark after almost a year of outperforming counterparts across the Atlantic. London’s blue-chip index rallied on the open before giving up some gains to settle on a broadly flat level. It follows two consecutive record closes with the City shrugging off bubbling tensions [...]
Taylor Wimpey shares slump as boss blasts Budget uncertainty

November 12, 2025

The boss of Taylor Wimpey has blamed weak market conditions that hit the firm’s bottom line on the uncertainty surrounding the forthcoming Budget. Jennie Daly, chief executive of the housebuilder, said: “Market conditions remain challenging, impacted by uncertainty ahead of the upcoming UK Budget and continued affordability pressures.” Shares in Taylor Wimpey were down over 3.5 [...]
FTSE 100 Live: Taylor Wimpey and Fuller’s Budget warning; Starmer under fire

November 12, 2025

Good morning from the City AM live blog team. The FTSE 100 is springing back to life this week, managing to seal its second consecutive record close at 9,899.60p after a 1.15 per cent gain and bringing the index a whisker away from the 10,000 mark. The blue-chip index has rallied after the US government [...]
Autumn Budget: B&Q boss hands Reeves tool kit for growth

November 12, 2025

Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, the boss of retail stalwart B&Q warns truly fixing the foundations starts with building confidence. After Labour’s monumental 2024 general election sweep, Chancellor Rachel Reeves seized her economic tool kit, telling Britons she was “fixing [...]
UK banks send regulation warning as private credit threat rises

November 11, 2025

Top bosses of UK banks have fired a warning shot over the country’s status as a competitive financial hub as the government’s efforts to overhaul regulation risk missing the mark. Michael Roberts, the top boss of HSBC Bank and chief of corporate and institutional banking, told lawmakers on Tuesday the Treasury’s deregulation work was a [...]
Princes shares jump as boss of tinned tuna giant eyes M&A spree

November 11, 2025

The boss of Princes Group has laid the foundations for future deals after the firm’s admission to the London Stock Exchange helped build up its “firepower”. Simon Harrison, chief executive of Princes, said the listing marked a “milestone period” for the group and created “exciting opportunities to pursue value accretive mergers and acquisitions, in line [...]
FTSE 100 Live: Vodafone shares lead blue-chip rally; Unemployment rises

November 11, 2025

Good morning from the City AM liveblog team. What are you looking forward to more – Black Friday or Budget day? They are two vital days that UK retailers are bracing for in this month’s calendar, both of which can provide a major boost to firms – or crushing disappointment. Retail sales today show another [...]

Center Parcs: UK pension funds in talks for stake in holiday giant

Battle of the Sexes tennis: Billie Jean King says it’s just entertainment

The Italy holiday taking in amazing skiing and a lesser-visited city

By: Samuel Norman

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