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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FTSE 100 Live: Asos and Close Brothers lead City stocks’ fall as economic growth slows

September 30, 2025

Good morning from the City AM liveblog team. When Rachel Reeves prepared her inaugural budget last year, she had little in the way of good news to impart to the people of Britain. The chancellor said she’d been left a bad inheritance, and had to raise tens of billions of pounds in extra taxes to plug spending [...]
‘It’s risky to be in the UK’ – Cleo founder on unicorn status and City regulation

September 30, 2025

Nine years ago entrepreneur Matt Clifford took a data scientist to a “terrible pub” to convince him to drop his PhD and create his own start-up. “You may as well just take the risk, the biggest risk is not taking the risk,” Clifford told a young Barney Hussey-Yeo. Almost a decade later in 2025, Hussey-Yeo [...]
Natwest chair: Rachel Reeves’ Budget must include radical tax reform

September 29, 2025

The chair of banking giant Natwest has called for Rachel Reeves to implement “radical tax reform” in her Autumn Budget. Rick Haythornthwaite has said a “bold long-term plan” to “kick-start growth” would reassure jittery bond markets and “deliver much-needed social benefits”. “This is the time for a 10-year programme of radical tax reform. Time for [...]
Gold seals record high as Trump heads for government showdown

September 29, 2025

Gold has once again smashed a record high, spurred on by tensions in the US as President Donald Trump heads for a showdown with congressional members. The yellow metal breezed past the $3,800 mark this morning with a 1.2 per cent gain as investors flocked to the safe haven asset whilst political tensions in Washington [...]
GSK shares rally as chief Emma Walmsley to exit after eight years

September 29, 2025

The chief executive of pharmaceutical giant GSK has announced plans to step down from the company at the end of the year. Emma Walmsley, who took the helm of the drugmaker in 2017, will be replaced by chief commercial officer Luke Miels. Miels – the former Executive Vice President of Astrazeneca – also joined the [...]
Labour say manifesto stands ‘today’ as Reeves ducks VAT hike

September 29, 2025

The Chancellor would not rule out fresh rises to VAT ahead of her speech to Labour Party Conference later today, when pressed on the issue by LBC’s Nick Ferrari this morning. Asked whether Brits could face increases to the retail levy, Reeves said: “You’ll know we made those commitments in our manifesto, and those commitments [...]
Brits earning over £100k worry more about money

September 29, 2025

Six figure earners are more likely to worry about money than those on the average UK salary, according to fresh research. Eight in ten Brits who earn over £100,000 are worried about their finanical health, new research from fintech juggernaut Revolut has revealed. This came ahead of those on the national average between £35,001–£45,000 where [...]
Labour planning rescue for Jaguar Land Rover after cyber attack

September 27, 2025

The Labour government is set to announce an emergency rescue package for Jaguar Land Rover as soon as this weekend after the firm was driven into chaos following a cyber attack. Business secretary Peter Kyle has been in “intense conversations” with JLR and its parent company Tata after fears the knock-on effect of the hack [...]
HSBC UK beefs up wealth arm with ‘generational’ bet

September 26, 2025

HSBC UK is making a “generational” play to beef up its wealth arm as the banking juggernaut eyes global dominance in the field. The FTSE 100 titan will launch a new Wealth Academy this autumn, the bank’s managing director of wealth Christopher Dean told City AM, in partnership with the London Business School. The bank’s [...]
Merge London Stock Exchange and Nasdaq to save City market, says fintech boss

September 26, 2025

The boss of a UK-born fintech unicorn has called for the London Stock Exchange (LSE) to merge with New York’s Nasdaq in a bid to save the City market’s future prospects. “It’s completely broken,” Barney Hussey-Yeo, founder of AI fintech Cleo, told City AM when asked about the recent string of delistings. Hussey-Yeo, a data [...]

Exclusive: RPC to lose Mike Ashley’s ‘rainmaker’ lawyer

Former Six Nations stadium to become 50,000-seat football arena

Valentine’s Day: Fancy a romantic bowl of chocolate spaghetti?

By: Samuel Norman

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