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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Revolut boss says US primary listing was ‘always the target’

Fintech

The boss of Revolut has said a primary listing in New York was “always” the company’s top goal, in a snub to the London Stock Exchange after a years-long charm offensive. Nik Storonsky, the founder and chief executive of Revolut, said a primary listing in the US was “always the target, given the deep liquidity [...]
Airtel Money shares muted in biggest London IPO in five years

Fintech

Airtel Money shares were muted after the firm it kicked off trading on the London Stock Exchange in the largest initial public offering in the City for five years. The mobile payments firm has priced its shares at £1.96 apiece, which hands it a price tag of around £5.3bn. Existing shareholders, which include the Qatar [...]
FTSE 100 Live: Stocks rally as oil falls back after Trump’s Iran war pledge

FTSE 100 Live

Welcome back to the City AM liveblog. Donald Trump has said the US has engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections, bringing relief to the oil market. It’s taken the price of Brent crude back slightly, though it has remained around $103 per barrel after [...]

MFS founder accuses administrators of ‘internecine warfare’

October 8, 2026

The founder of collapsed shadow bank MFS has accused administrators of “internecine warfare” and harassment as the firm’s creditors fight to unlock billions of pounds in frozen funds, City AM can reveal. Paresh Raja, the chief executive of Market Financial Solutions who has denied claims he siphoned “vast sums” from the mortgage firm, has asked [...]
Interest rate fears dampen UK house buying demand

October 8, 2026

Brits held off inquiring about buying new homes last month as fears over higher mortgage rates dampened the market. Housing demand dropped in September, according to a survey from the Royal Institution of Chartered Surveyors (RICS), which found that 22 per cent of property professionals saw buyer inquiries fall last month. That figure was up [...]
As it happened: Oil surges after Trump says he doesn’t ‘really want’ Iran peace

October 8, 2026

Welcome back to City AM‘s FTSE 100 liveblog. The FTSE 100 has returned to the red after markets were hit by the spiking price of oil this week that led to a global bond sell-off. The UK’s 10-year gilt yield rose ten basis point yesterday before giving up some gains to settle seven basis points higher at [...]
Employers yearn for growth as jobs market stages ‘fragile recovery’

October 8, 2026

The UK jobs market is beginning to “flicker back to life,” a new report has said, after permanent and temporary placings inched up in the last month. The latest jobs report from KPMG and recruiter REC showed permanent hiring grew for the second consecutive month to a four-year high of 50.9. Meanwhile, temporary billings also [...]
HSBC set to axe UK wealth jobs as AI takes hold

October 7, 2026

HSBC is putting a raft of roles in its UK wealth division on the chopping block following a push to slash costs with artificial intelligence. Europe’s biggest lender is consulting on changes to its wealth management operations that would lead to a shake-up for hundreds of relationship managers and financial advisers across the UK. The [...]
Volkswagen takes £725m hit from motor finance scandal

October 7, 2026

The finance arm of Volkswagen has taken a mammoth hit from the motor finance scandal plunging it to a loss for the year. Volkswagen Financial Services UK (VWFS) set aside £725m for expected expenses under the City watchdog’s industry-wide car finance redress scheme, according to new account filings. The provision swung the firm to a [...]
Shell eyes profit windfall from surging fuel prices

October 7, 2026

Shell is poised to reap major gains from its refining operations after the global surge in fuel prices dramatically ramped up the group’s profit margins. The blue-chip energy giant said on Wednesday it expects its indicative refining margin – the difference between the cost of crude oil and the market value of finished fuels like [...]

Healey is chasing away City professionals for very short-term gains

Manchester City manager Maresca ‘trusts’ club but refuses to be drawn on future

Rent musical review: This dated show is admittedly full of bangers

By: Samuel Norman

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