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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Zilch: UK’s fastest-growing fintech unicorn balloons customer base

May 12, 2025

UK fintech darling Zilch has revealed it has topped five million customers and exceeded £4bn in total sales to date for retailers. The firm, which uses buy now pay later (BNPL) services to split consumer purchases, has also confirmed its revenue hit £145m in revenue run rate on the back of its rapid rise since [...]
HSBC and Standard Charted shares surge as trade war cools

May 12, 2025

Shares in banking giants HSBC and Standard Chartered surged on Monday morning as the trade tensions between the US and China appeared to cool. HSBC jumped nearly four per cent, taking its gains for the month to over 14 per cent. Standard Chartered soared over seven per cent, with monthly gains topping 17 per cent. [...]
GSK and Astrazeneca shares slump as Trump vows drug price cut

May 12, 2025

GSK and Astrazeneca shares fall as Trump announces drug price cuts in a new executive order.
Revolut, Monzo and Wise: The UK fintechs slapped with the most complaints

May 9, 2025

Fintechs may be giving banks a run for their money on innovation, but fresh data reveals they’re also competing on the unenviable field of complaints. New figures from the Financial Ombudsman Service (FOS) showed Monzo and Revolut topped the fintech industry for the most complaints. Both firms’ customer bases swelled to over 10m users in [...]
Aston Martin shares rally on UK and US trade deal

May 8, 2025

Shares in Aston Martin surged on Thursday ahead of President Donald Trump announcing a trade deal with the UK. The FTSE 250 stock was up ten per cent in the early afternoon, after reports that US car tariffs on the UK would ease. Trump’s 25 per cent levy on all steel and car imports dealt [...]
What the Bank of England’s interest rate cut means for your mortgage

May 8, 2025

The Bank of England has reduced rates by 0.25 percentage points to 4.25 per cent in a hotly anticipated cut that will leave homeowners with big decisions for their mortgage deals. The reduced cost for banks to borrow money will have broad implications for the mortgage market, as banks lower interest rates on loans. Major [...]
Rolls-Royce: Shares in FTSE 100 giant rally on trade deal hopes

May 8, 2025

Shares in Rolls-Royce were driving the FTSE 100’s gains on Thursday as the UK looked poised to secure a trade deal with the US. Shares in the Derby-headquartered group were trading up three per cent at 790.60p in early deals, closing in on its all-time high The firm, which triumphed as Business of the Year [...]
Metro Bank shares soar as lender’s turnaround gathers pace

May 8, 2025

Metro Bank said there was a “significant increase” in quarter one profit against the second half of 2024 during a trading update on Thursday. Shares in the bank jumped nearly four per cent during early trading. The London-based firm said it was “confident” it would meet full-year targets after a “structurally higher” net interest margin, [...]
Sir Martin Sorrell: Clients ‘cautious’ as S4 Capital’s income tumbles

May 8, 2025

S4 Capital, Sir Martin Sorrell’s advertising giant, recorded a sharp drop in revenue in its first-quarter trading update as geopolitical tensions weighed. The firm posted a 11.4 per cent slump in net revenue to £148.3m, which it said reflected the “continuing technology client caution” and headwinds from one “key client”. Takings from marketing services reduced [...]
TSB Bank’s profit rockets from stamp duty rush and cost-cutting

May 8, 2025

TSB Bank’s cost-cutting plans and a rush to beat the stamp duty deadline imposed by Chancellor Rachel Reeves helped bolster profits in the first quarter. The Edinburgh-headquartered lender increased profit before tax to £101.3m for the first three months of 2025 – an 89 per cent jump from £53.4m in 2024. Operating expenses fell 4.7 [...]

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By: Samuel Norman

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