By: Samuel Norman

Senior City Reporter Samuel is a Senior City Reporter covering all the top financial institutions from retail banks to fintechs as well as stories on capital markets and economics. He has broken stories on some of the biggest names in the City and regularly writes in-depth analysis pieces on companies and industry trends. Samuel also leads on City AM's morning liveblog from 7am everyday. He writes a weekly column found in print and online on Wednesdays. He can be contacted at samuel.norman@cityam.com and posts on LinkedIn and X at x.com/samnormanwrites.

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Spending hits 13-month high as Brits splurge on entertainment, Barclays says

September 8, 2026

Spending in the UK economy reached a 13-month high in August after a rebound in the entertainment and travel industries, according to fresh data from Barclays. Overall card spending grew 2.1 per cent year-on-year, following on from two per cent growth in July. Both essential and non-essential spending were up 2.1 per cent, according to [...]
Unleash growth or you’ll have to hike taxes even higher, FTSE 100 boss warns Healey

September 8, 2026

The government must unleash growth in the forthcoming Budget or ministers will be forced to hike taxes even higher at future fiscal events, the boss of the largest player in the UK pensions market has warned. Andy Briggs, the chief executive of Standard Life, told City AM the UK’s ageing population leaves the Chancellor John [...]
Banks ombudsman on the hook for millions in legal fees to Barclays and Santander

September 7, 2026

The UK’s banks ombudsman could be forced to pay millions to a group of the UK’s top lenders after the High Court quashed four decisions the body made earlier this year on overdrafts and credit cards. The Financial Ombudsman Service (FOS) has been put on the hook for what could top £2m in legal fees after the court [...]
UK jobs seekers rise despite recovery in permanent hiring

September 7, 2026

Rising redundancies and heightened employment insecurity drove a sharp increase in UK job seekers in August despite the permanent hiring market showing its first signs of recovery in nearly four years. Total staff availability rose at its fastest rate in three months as Brits hunting for roles flooded the market. This influx was triggered by [...]
Standard Life takes £473m hit after stock market rally dents hedges

September 7, 2026

Standard Life swung to a loss in the first half of the year after the market moved against positions the firm had taken to shield itself against volatility. The FTSE 100 pensions giant posted an overall loss of £179m for the first six months of the year, driven by £473m in paper losses on financial [...]
As it happened: FTSE 100 inche up as oil holds gains; Healey says UK paying ‘Truss penalty’

September 7, 2026

Welcome back to the City AM liveblog. Markets are returning from the weekend to weigh up the latest round of rising tensions in the Middle East after the US and Iran have continued to exchange strikes stoking fears of a hit to global oil supply. Brent crude – the international benchmark for oil prices – [...]
Revolut takes step closer to US bank launch after clearing key regulatory hurdle

September 3, 2026

Revolut has taken a step closer to launching a bank in the US after clearing a major regulatory hurdle. The Canary Wharf-based business has received conditional approval from the Office of the Comptroller of the Currency (OCC) for its American national bank charter. The UK’s biggest fintech is progressing its application with the Federal Reserve [...]
Services sector cuts jobs for nearly two years under cost pressures

September 3, 2026

Employment in the UK’s services sector dropped for the 23rd consecutive month in August as businesses maintained hiring freezes and trimmed headcounts following cost pressures. S&P’s latest Purchasing Managers Index (PMI) for the services industry – which is closely monitored by economists – revealed the sector has continued its longest continuous stretch of workforce reductions [...]
M&G: FTSE 100 giant hits out at Rayner’s ground rent cap as it suffers loss

September 3, 2026

Asset manager M&G has swung to a loss driven by the Labour government’s introduction of a cap on existing ground rents. The FTSE 100 group hit out at the government after it reported a £165m loss for the first six months of the year, driven by a £325m write-down eating into its bottom-line. In its [...]
As it happened: Vodafone leads FTSE 100 rally after TV launch; oil jumps again

September 3, 2026

Welcome back to the City AM liveblog. Telecoms giants Vodafone and Airtel Africa led a FTSE 100 rally on Thursday afternoon. Investors brushed off early losses caused by the steep sell-off in the the bond market. Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing [...]

OpenAI delays IPO as Altman says safety comes first

Burnham 1-0 Khan: Cardiff right place for Fury vs Joshua boxing bout

Lotus, Porsche and Corvette: the best sports cars to buy in 2026

By: Samuel Norman

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