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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FCA names interim FOS chair after abrupt leadership shake-up

July 28, 2025

The Financial Conduct Authority has named a new interim chair of the Financial Ombudsman Service after its initial recruitment campaign “proved unsuccessful”. The City regulator appointed Liam Coleman as the watchdog’s temporary chair, which comes as controversy surrounds the departures of former leadership. Coleman will replace Baroness Zahida Manzoor who abruptly announced in February she [...]
European markets rally as Trump and EU ink trade deal

July 28, 2025

Markets across Europe opened in the green on Monday morning after President Donald Trump sealed a trade deal with the EU after months of discussion. The Cac 40 in Paris was up over one per cent and Germany’s DAX and Amsterdam’s AEX nearly one per cent. In London, the FTSE 100 jumped over 0.4 per [...]
Wood Group likely to recommend takeover sparking delisting fears

July 28, 2025

London-listed engineering and consulting firm Wood Group said it is likely to recommend a takeover by Middle Eastern-based privately owned company Sidara sparking another potential delisting from the London Stock Exchange. Wood said on Monday that Sidara, formerly known as Dar Al-Handasah, had expressed interest in acquiring the group with a 35p per share deal. [...]
Trump secures ‘big win’ in EU trade deal after Brussels retreats

July 28, 2025

President Donald Trump has achieved a “big win” after inking a trade agreement with the European Union following a months-long standoff between two of the world’s largest economic titans. The US President met with European Commission President Ursula von der Leyen in Scotland to continue trade discussions as part of his four-day private visit to [...]
Labour to introduce new licensing rules to boost high street venues

July 26, 2025

The Labour government has pledged to simplify the opening process for new high street venues in a bid to ramp up British hospitality prospects. Chancellor Rachel Reeves has said new licensing framework, which comes as part of Labour’s overhaul on planning, plans to fast-track permissions for al fresco dining, helping to “protect pavement pints”. The [...]
Breadmakers Hovis and Kingsmill butter up £75m merger

July 26, 2025

Bread producers Hovis and Kingsmill are set for a historic merger with their owners expected to ink an agreement after months of discussion. Kingsmill, whose immediate parent Allied Bakeries is owned by London-listed Associated British Foods (ABF), and Hovis could benefit from up to £50m of annual cost savings from a merger. The proposed agreement, [...]
Rachel Reeves urges cabinet to boost British jobs as employment slides

July 26, 2025

Rachel Reeves has told cabinet ministers to ensure government contracts go to companies that will boost British workers as employment figures continue to struggle. The Chancellor, along with Chancellor to the Duchy of Lancaster Pat McFadden, told their colleagues that the billions in public spending on transport and infrastructure projects must be utilised as an [...]
Natwest and Lloyds: What to expect from FTSE 100 bank earnings next week

July 21, 2025

The FTSE 100’s banking titans, Natwest, Barclays, Lloyds and HSBC are gearing up for what promises to be an interesting half-year reporting season. Lloyds and Natwest will kick off earnings on July 24 and July 25 followed by peers Barclays, HSBC and Standard Chartered the following week. The first quarter was defined by President Donald Trump’s [...]
Financial services firms dealt tens of millions in regulatory fines

July 17, 2025

While deregulation may be the political mood, UK watchdogs are sharpening their swords as banking giants bleed millions in regulatory fines. In under just ten days, the Financial Conduct Authority and Bank of England handed out £74.9m worth of fines to a trio of UK financial services firms. Leading the pack, and most recently, was [...]
Wall Street banking giants ride tariff rebound to booming revenue

July 16, 2025

Wall Street’s banking titans have rounded off second-quarter earnings seasons largely breezing past analyst expectations as revenues boomed on the back of market volatility. The lenders continued a trend from the first-quarter with strong trading and investment banking revenues driving a robust performance. JP Morgan pocketed $45.7bn in revenue, outperforming its $44bn estimate. This came [...]

Heathrow warns on losing European crown without expansion

Jonathan Barnett: Gareth Bale’s former agent denies ‘sex slave’ claims in full

Bar of the week: Why Three Sheets is a little slice of old Soho

By: Samuel Norman

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