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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Barclays shares explode higher as FTSE 100 rebounds

April 10, 2025

Shares in FTSE 100 giant Barclays rocketed in early trading after Trump rolled back his ‘Liberation Day’ levies. The bank’s stock shot up over 20 per cent as markets opened, before falling back to a 15 per cent gain. The firm topped the blue-chip index’s risers. The gains helped reverse the lender’s losses in the [...]
FTSE 100 roars back after Trump pauses tariffs

April 10, 2025

The FTSE 100 soared as markets opened this morning after President Donald Trump‘s tariff climb down on Wednesday. London’s blue-chip index gained over six per cent – an increase of nearly 500 points. The FTSE 250 climbed over four per cent. Of the risers, Barclays rocketed over 20 per cent and Melrose 16 per cent. [...]
Trump’s plan for tariffs on drugmakers sinks FTSE 100 pharma stocks

April 9, 2025

Pharmaceutical imports became the latest target for President Donald Trump’s tariffs, sending FTSE 100 drugmakers stock into the red. Astrazeneca plunged seven per cent and GSK 5.7 per cent. Haleon closed off over three per cent. This followed Trump reiterating his plans for tariffs on all “major” pharma imports during an event with the National [...]
FTSE 100 slumps as EU and China launch retaliatory tariffs against US

April 9, 2025

The FTSE 100 closed in the red on Wednesday, reversing gains made at the start of the week. The blue-chip index was off 2.9 per cent. Pharma stocks drove losses on the back of fresh tariff threats from President Donald Trump. Astrazeneca closed off seven per cent and GSK 5.7 per cent. Lenders also suffered [...]
HSBC and Barclays shares sink as trouble looms for FTSE 100 banks

April 9, 2025

The FTSE 100’s ‘Big Five’ banks were swallowed up by the red on Wednesday as the global trade war ramped up. China increased its tariff on US goods to 84 per cent – a move which followed President Donald Trump’s 50 per cent levy coming into effect today, which took China’s total import tax to [...]
Astrazeneca, BP, HSBC: The FTSE 100 stocks hit by Trump and China’s trade war

April 9, 2025

The global trade war has kicked into a new gear and it’s bad news for some of the FTSE 100’s biggest firms. Numerous giants on the UK’s flagship index have significant exposure to Asia and more importantly one of Trumps biggest targets – China. The White House has been relentless in its trade offensive on [...]
Rachel Reeves calls in City bosses for crisis tariff talks

April 9, 2025

Chancellor Rachel Reeves is set to meet with top City bosses today amidst the fallout of President Donald Trump’s tariff onslaught. Executives from Hargreaves Lansdown, Legal & General, Lloyds Banking Group and M&G will attend the Chancellor’s summit, according to Sky News. The talks will cover the Treasury’s financial services growth and competitiveness strategy, sources [...]
Revolut handed £3m fine for money laundering control ‘shortcomings’

April 8, 2025

UK fintech Revolut has been fined €3.5m (£3m) by the Bank of Lithuania for inefficiencies in its money laundering control. The neobank was blasted for “violations and shortcomings in the monitoring of business relationships and [transactions]” by the Bank of Lithuania. The watchdog said failings had “resulted in the bank not always properly identifying suspicious [...]
S&P 500 and Dow Jones bounce back as FTSE 100 makes further gains

April 8, 2025

Global markets were in recovery on Tuesday, as the S&P 500 and Dow Jones jumped on open and the FTSE 100 scraped further gains in the afternoon. The Dow rebounded 1,300 points – a more than three per cent surge. The S&P 500 and the tech-heavy Nasdaq were each up over three per cent, while [...]
Bank of England asks lenders about clients’ stability as Reeves brands system ‘resilient’

April 8, 2025

The Bank of England has asked lenders about their clients’ financial well-being after Trump’s tariff onslaught triggered chaos across financial markets. The central bank asked firms for information about market liquidity and whether any of their clients were having funding problems, according to the Financial Times. The Prudential Regulation Authority, which is responsible for the [...]

Lloyds Bank and Halifax users unable to use app in latest outage

Uefa to call off Fifa boycott and step up talks over Infantino at Champions League draw

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

By: Samuel Norman

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