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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Microsoft pulls out of Nscale deal for UK’s largest AI data centre

October 19, 2026

Microsoft has pulled out of plans to build the UK’s largest AI data centre in a deal with Nscale. The global tech giant, which had previously planned to fund a supercomputer at the site, has ended its involvement in the partnership following concerns over supply issues. Plans were first announced last year, with Nscale pledging [...]
As it happened: European stocks slump as bond yields spike after France riots

October 19, 2026

Welcome back to the City AM FTSE 100 liveblog. European bond markets have been left in the red following the shifting pressures on global markets. The 10-year yield on French bonds – a direct reflection of the government’s cost to borrow – spiked some 13 basis points to 4.9 per cent. The spread between French [...]
Post Office weighs bid for ATM operator in cashpoint expansion

October 16, 2026

The Post Office is weighing a bid for one of the UK’s largest independent ATM operators in a move that would expand its cashpoint empire, City AM can reveal. The group, which facilitates the largest branch-based access-to-cash network in the United Kingdom, is exploring a deal for Notemachine after it was put up for sale [...]
What could a bank tax raid mean for JP Morgan’s Canary Wharf mega-tower?

October 16, 2026

When Jamie Dimon and John Healey first exchanged remarks, the world’s most influential banker told the Chancellor how important it was to get public policy right. The Wall Street chief is understood to have said the right public policy was the key to solving the issues facing global economies, according to those close to the [...]
Healey’s ‘mixed messages’ on bank tax leave City blindsided

October 16, 2026

The City was left reeling on Friday following reports that John Healey was drawing up plans to tax banks in the forthcoming Budget. Industry heavyweights across the UK have fired warning shots as Healey weighs up different options to target the banking industry with a hefty cash raid. One City figure told City AM a [...]
Lloyds and Barclays shares fall as Healey ‘poised’ to hike bank tax

October 16, 2026

Shares in Britain’s banking giants tumbled this morning after new reports suggested John Healey is set to raise taxes on lenders when he delivers his first Budget at the end of the month. Natwest dropped two per cent to 660.40p, while Lloyds was down around 2.5 per cent to 103.40p. Barclays slid 0.4 per cent [...]
As it happened: FTSE 100 edges up as tech rebounds from sell-off; Oil set for weekly gain

October 16, 2026

Welcome back to City AM‘s FTSE 100 live blog. London’s blue-chip index has dipped this morning as tech stocks rebound after a sell-off earlier in the week. Over in Asia, equities bounced back overnight, reversing some of the losses from a heavy selling session after investors ditched their tech exposure following questions around cloud company [...]
As it happened: FTSE 100 surges as London swerves Asian tech sell-off; surprise GDP growth

October 15, 2026

Welcome back to City AM‘s FTSE 100 live blog. Stocks are set to slip on Thursday morning despite a strong close yesterday for the UK’s blue-chip index. The ONS will reveal the rate of GDP growth for August this morning, which economists expect to reveal that the economy has shrunk. Stick with us throughout the [...]
UK banks could unleash cash buffers to spur economy, says top Bank of England regulator

October 15, 2026

UK banks are holding excessively large “rainy-day funds” that could instead be deployed to boost economic activity, according to a top regulator at the Bank of England. David Bailey, executive director of Prudential Policy at the Bank of England, told City AM the watchdog had kicked off talks with international peers over how to simplify [...]
Tories to warn Burnham on ‘bending to left’ on bank tax raid

October 14, 2026

Kemi Badenoch is expected to fire a bank tax warning shot to the Labour government on Thursday during a visit to Edinburgh. The Conservatives will warn Andy Burnham against “bending the knee to left-wing backbenchers and trade union paymasters,” as the pre-Budget debate heats up. It follows the banking sector swinging into defence mode ahead [...]

Britain’s oldest brewery unveils £15m plan to move to new site

England captain Itoje lands Snoop Dogg-linked sponsorship deal

Lamborghini Urus SE Performante SUV review: Excess all areas

By: Samuel Norman

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