By: Samuel Norman

City Reporter Samuel is a City Reporter who joined City AM at the beginning of 2025. He has a gold-standard NCTJ qualification and covers banking, fintech, financial markets and more across the City. Previously he has written for the Daily Mail, The i Paper and worked for Sky News. He can be contacted at samuel.norman@cityam.com and can be found on LinkedIn and at x.com/samnormanwrites.

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Tandem Bank: ‘Greener’ UK fintech bolsters profit

April 24, 2025

Digital bank Tandem reported its third year of profitability in the 2024 financial year. The fintech – which brands itself as “the UK’s greener digital bank” – recorded a 40 per cent jump in underlying profit to £24.1m. This was up from £17.2m in 2023. Tandem’s assets under management topped £1.5bn at the end of [...]
Revolut profit tops £1bn as UK fintech’s rapid growth continues

April 24, 2025

Revolut more than doubled its profit before tax in the 2024 financial year, in what was a year of rapid growth for the UK fintech industry. The fintech darling boosted pre-tax profit growth of 149 per cent to £1bn, up from £438m in 2023. The British firm’s revenue surged 72 per cent to £3.1bn. As [...]
Shawbrook eyes £5bn Starling merger instead of IPO

April 24, 2025

Shawbrook Group is weighing up a £5bn merger with fintech giant Starling, in a move that would be emblematic of a tougher outlook on stock market listings. The mid-cap lender has reached out to Starling in the last two months to initiate talks on a potential deal, as reported by Sky News. The proposal remains [...]
Green finance withers as Trump effect spreads

April 24, 2025

Financial hubs are ditching green finance, fresh research shows, after President Donald Trump’s return to the White House triggered a global retreat. Centres across the world had their green finance rating reduced in the 15th edition of Z/Yen Global Green Finance Index (GFFI). Despite topping the index, London’s rating reduced 36 points to 598. Zurich [...]
Zopa Bank: UK fintech doubles profit amid IPO speculation

April 24, 2025

Digital bank Zopa doubled its pre-tax profit in its second full year of profitability as the London fintech continued its upward trajectory ahead of a possible IPO. The Canary Wharf-based business pocketed £34.2m in the 2024 financial year, up from £16.8m in 2023. Revenue grew 30.2 per cent to £303.4m. This was driven by an [...]
Crisis, debt and a £46bn bailout: Inside Natwest’s return to private ownership

April 24, 2025

Natwest is set to end one of British banking’s longest running sagas, as the lender stands inches away from returning to private ownership for the first time in nearly two decades. The FTSE 100 giant has whittled the UK government’s share in the bank to under three per cent, with a full exit expected in [...]
FTSE 100 surges as Trump retreats on trade war

April 23, 2025

The FTSE 100 inched closer to a full pre-’Liberation Day’ recovery on Wednesday as President Donald Trump dialled down on his bombastic trade rhetoric. The blue-chip index rose by over two per cent in early trading as stocks exposed to China surged. This followed the index finishing in the green for the seventh consecutive day [...]
Argentex considers sale to IFX Payments after tariffs trigger cash squeeze

April 23, 2025

Currency management company Argentex is in “advanced discussions” over an acquisition by IFX Payments after the firm faced a critical cash crunch amid President Donald Trump’s erratic tariff agenda. In a statement on Wednesday, Argentex said whilst discussions had progressed with IFX, no certainty had been reached. But, its board had “unequivocally rejected” an offer [...]
FTSE 100 sees best winning streak in two years as trade war fears abate

April 22, 2025

The FTSE 100 finished in the green on Tuesday for the seventh consecutive day, notching its best run of gains in two years as investor worries over protracted trade wars began to soften. London’s blue-chip index closed on a 0.64 per cent gain at 8328.60. Distribution firm Bunzl ended trading as one of the top [...]
City bonuses beat Wall Street after cap scrapped

April 22, 2025

UK financial services handed out the industry’s highest bonuses last year after taking advantage of the lifting of pay restrictions. Workers pocketed an average $149k (£114k) bonus in 2024, according to fresh data from jobs platform eFinancialCareers. This marked a 25.7 per cent jump from 2023 and sent the UK above North America, which rose [...]

Puregym to double new gym openings in second half of year

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Golf, events and bags of nostalgia at Newport’s Celtic Manor

By: Samuel Norman

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