By: Samuel Norman

Senior City Reporter Samuel is a Senior City Reporter covering banking and fintech as well as stories on capital markets and economics. He also leads on City AM's morning liveblog from 7am everyday. He has previously written for the Daily Mail and The i Paper and worked for Sky News as an election stringer. He enjoys writing in-depth analysis of major blue-chip firms and start-ups and also industry trends. He can be contacted at samuel.norman@cityam.com and posts on LinkedIn and X at x.com/samnormanwrites.

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Construction sector hit by waning activity ahead of Budget

October 6, 2025

Business activity expectations in the construction industry have fallen to the lowest since the end of 2022 as companies remained glum on future outlook ahead of the Autumn Budget. The latest Purchasing Managers Index (PMI) from S&P Global showed construction output showed the industry hit its highest level for three months at 46.2 – though [...]
Rachel Reeves mulls bank tax amid scramble to fill fiscal hole

October 6, 2025

Rachel Reeves is reported to be weighing up a tax on Britain’s banking giants as the Treasury looks to strum up cash in the forthcoming Autumn Budget. The Chancellor is expected to be staring down a fiscal blackhole of over £20bn come November 26 and banks have been viewed as an easy – and politically [...]
FTSE 100 Live: Shawbrook confirms IPO; Aston Martin hit by tariffs

October 6, 2025

Good morning from the City AM liveblog team. After a worryingly-long drought, the London IPO market roared back to life this morning following a shot in the arm last week. Shawbrook has kicked off the week putting the City on the front foot after confirming intentions of a float. It’s a major boost, one that [...]
Santander UK boss to exit ahead of TSB merger

October 3, 2025

The chief executive of Santander UK announced his exit from the banking giant on Friday ahead of the firm’s landmark takeover of TSB. Mike Regnier said he will exit in the first quarter of 2026 after stating it was his intention to “move on after 4-5 years” due to “other interests [he] would like to [...]
Net zero banking group abandons operations after member exodus

October 3, 2025

The global Net Zero Banking Alliance (NZBA) has announced it will cease operations following an exodus of its membership after President Donald Trump returned to power. In a statement released on Friday, the group said following a vote it will transfer from a member-based alliance to establish its guidance as a framework. “As a result [...]
Frasers Group chairman urges Unite to avoid ‘reckless’ strike

October 3, 2025

The chairman of retail giant Frasers Group has urged Unite the Union to avoid “reckless and irresponsible” strike action as retail firms across the UK feel the crunch of rising cost pressures. Sir Jonathan Thompson, who took the role of Chair in September, has asked the Union’s General Secretary Sharon Graham to reconsider plans to [...]
‘Subdued’ services sector suffers steep drop as tax hikes bite

October 3, 2025

Business activity expansion fell to a five-month low after a “subdued” services sector experienced a dull end to the third quarter. S&P’s UK Services Purchasing Managers Index Business Activity tumbled to 50.8 in September, falling steeply from the 16-month high of 54.2 secured in August. “This summer’s acceleration in output growth is now looking like [...]
FTSE 100 Live: Wetherspoons boss slams taxes; Tuna giant eyes IPO

October 3, 2025

Good morning from the City AM liveblog team. There is no clearer sign of the scale of political turmoil the past nine months than the soaring price of gold. The precious metal started the year near $2669 and has since soared to $3900 – a rise of over 45 per cent. The asset now looks [...]
Lloyds looks to take control of Schroders wealth tie-up

October 2, 2025

Lloyds Banking Group is looking to ditch its wealth tie-up with Schroders and take control of the six-year old unit. The FTSE 100 titan is poised to buy out Schroders’ 49.9 per cent stake in Schroders Personal Wealth (SPW). The transaction would hand full control over to Lloyds as the bank sets out to expand [...]
Gold to glitter past $4,000 after year of political jitters

October 2, 2025

In a year defined by geopolitical turmoil, gold has not stopped glittering. The yellow metal started the year near $2669 and has since soared to $3900 – a rise of over 45 per cent. The asset now looks set to cross the $4,000 landmark for the first time with the latest rally triggered by the [...]

Waterstones to book chairman as London listing gains pace

Abramovich to fight UK Government over funds from £2.5bn Chelsea sale

Aboard the Celebrity Cruises ship with Gwyneth Paltrow partnership

By: Samuel Norman

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