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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Trump’s plan for tariffs on drugmakers sinks FTSE 100 pharma stocks

April 9, 2025

Pharmaceutical imports became the latest target for President Donald Trump’s tariffs, sending FTSE 100 drugmakers stock into the red. Astrazeneca plunged seven per cent and GSK 5.7 per cent. Haleon closed off over three per cent. This followed Trump reiterating his plans for tariffs on all “major” pharma imports during an event with the National [...]
FTSE 100 slumps as EU and China launch retaliatory tariffs against US

April 9, 2025

The FTSE 100 closed in the red on Wednesday, reversing gains made at the start of the week. The blue-chip index was off 2.9 per cent. Pharma stocks drove losses on the back of fresh tariff threats from President Donald Trump. Astrazeneca closed off seven per cent and GSK 5.7 per cent. Lenders also suffered [...]
HSBC and Barclays shares sink as trouble looms for FTSE 100 banks

April 9, 2025

The FTSE 100’s ‘Big Five’ banks were swallowed up by the red on Wednesday as the global trade war ramped up. China increased its tariff on US goods to 84 per cent – a move which followed President Donald Trump’s 50 per cent levy coming into effect today, which took China’s total import tax to [...]
Astrazeneca, BP, HSBC: The FTSE 100 stocks hit by Trump and China’s trade war

April 9, 2025

The global trade war has kicked into a new gear and it’s bad news for some of the FTSE 100’s biggest firms. Numerous giants on the UK’s flagship index have significant exposure to Asia and more importantly one of Trumps biggest targets – China. The White House has been relentless in its trade offensive on [...]
Rachel Reeves calls in City bosses for crisis tariff talks

April 9, 2025

Chancellor Rachel Reeves is set to meet with top City bosses today amidst the fallout of President Donald Trump’s tariff onslaught. Executives from Hargreaves Lansdown, Legal & General, Lloyds Banking Group and M&G will attend the Chancellor’s summit, according to Sky News. The talks will cover the Treasury’s financial services growth and competitiveness strategy, sources [...]
Revolut handed £3m fine for money laundering control ‘shortcomings’

April 8, 2025

UK fintech Revolut has been fined €3.5m (£3m) by the Bank of Lithuania for inefficiencies in its money laundering control. The neobank was blasted for “violations and shortcomings in the monitoring of business relationships and [transactions]” by the Bank of Lithuania. The watchdog said failings had “resulted in the bank not always properly identifying suspicious [...]
S&P 500 and Dow Jones bounce back as FTSE 100 makes further gains

April 8, 2025

Global markets were in recovery on Tuesday, as the S&P 500 and Dow Jones jumped on open and the FTSE 100 scraped further gains in the afternoon. The Dow rebounded 1,300 points – a more than three per cent surge. The S&P 500 and the tech-heavy Nasdaq were each up over three per cent, while [...]
Bank of England asks lenders about clients’ stability as Reeves brands system ‘resilient’

April 8, 2025

The Bank of England has asked lenders about their clients’ financial well-being after Trump’s tariff onslaught triggered chaos across financial markets. The central bank asked firms for information about market liquidity and whether any of their clients were having funding problems, according to the Financial Times. The Prudential Regulation Authority, which is responsible for the [...]
Barclays: FTSE 100 giant’s shares bounce back after volatile trading

April 8, 2025

Shares in Barclays rallied on Tuesday morning after a bruising week. The FTSE 100 lender has been caught in the chaos of Trump’s tariff onslaught. The firm was among top banks, including HSBC and Standard Chartered, which led the blue-chip index’s top fallers as markets sunk. Barclays stock was down nearly ten per cent after [...]
Arbuthnot: Lender has ‘key advantage’ ahead of Bank of England rate cuts

April 8, 2025

Arbuthnot Banking Group is well-positioned for further interest rate cuts from the Bank of England, according to analysts despite its profit dropping by more than £10m during its latest financial year. The lender booked a £35.1m pre-tax profit in its full-year results – a drop of over £10m from 2023. Arbuthnot’s net interest margin – [...]

Union bosses call for another workers’ rights push amid Labour turmoil

The real Guinness Six Nations showdown is happening in the pub

How South Wales became one of the UK’s most exciting food destinations

By: Samuel Norman

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