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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Vodafone raises profit target after cutting 3,000 European jobs

Telecoms

Vodafone has raised its profit target after wielding the axe on thousands of roles across Europe in the first half of the year. The telecommunications giant said it had cut 3,000 roles in the region between April and September 2026, helping drive savings of €200m (£167m). The FTSE 100 group also confirmed it would cut [...]
FTSE 100 Live: Stocks climb; Trump says Iran war ‘effectively over’

FTSE 100 Live

Welcome back to City AM‘s FTSE 100 live blog. It’s Tuesday morning and UK stocks are climbing higher, with Georgian bank Lion Finance and carmaker Rolls Royce among the top risers. Tech stocks rebounded in the US overnight, despite Nvidia losing more than four per cent over its ‘honeytrap’ scandal. Oil prices are falling further [...]
Why the City can’t stop talking about OSB

Banking

OSB Group has a new boss, but chatter in the City and deal speculation persists. Samuel Norman takes a look at one of Britain’s lesser-known lenders and what could be around the corner. Few financial institutions crop up more in discussions with fee-hungry deals advisers than Onesavings Bank. It’s a firm lesser-known in households across [...]

Aldermore owner mulls splitting group as Investec circles banking unit

November 9, 2026

Aldermore’s owner is set to make a decision over whether to split up the group after attracting bids that excluded its motor finance division, City AM can reveal. South African lender Firstrand put Aldermore on the sales block in April this year and received initial interest from around a dozen suitors, sources said. The process [...]
Zilch boss ‘feels good’ on $2bn IPO valuation

November 9, 2026

The boss of Zilch has said the fintech is confident of maintaining its $2bn valuation on the public markets, as it gears up for an IPO as soon as the second half of next year. Philip Belamant, chief executive of Zilch, told City AM the business was “getting a lot of support” from current and [...]
Barclays opens new Saudi office despite government travel warning

November 9, 2026

Barclays has opened the doors to a new office in the capital of Saudi Arabia despite ongoing government warnings of further attacks following hostilities in the region. The UK-headquartered bank said on Monday it had opened its new hub in Riyadh’s financial district as it looks to build out business in the region. But it [...]
As it happened: FTSE 100 up; oil falls as Trump says new Iran strikes ‘highly unlikely’

November 9, 2026

Welcome back to City AM‘s FTSE 100 live blog. It’s Monday morning and London’s blue-chip index has made gains, as investors hope to make back some of last week’s losses after a tech sell-off sparked in the US after the mid-terms spread across the Atlantic. Oil prices are falling as it becomes increasingly clear President [...]
As it happened: FTSE 100 losses soften after Nasdaq recovers from tech rout

November 6, 2026

Welcome back to City AM‘s FTSE 100 liveblog. It’s Friday and London’s blue-chip index is suffering another big loss after the tech rout deepened on global markets overnight. The FTSE 100 was down 1.6 per cent in afternoon trading to 10,616p. The Nasdaq was reversing some losses and gained 1.6 per cent at open on [...]
‘The blood is in the streets’: Nasdaq plunges as US midterms rattle SpaceX and Nvidia

November 5, 2026

The Nasdaq index was plunging into the red on Thursday after the US midterms rattled AI-related stocks including Nvidia, Oracle and SpaceX. The tech-heavy index, which tracks 100 of the largest non-financial companies, sank more than five per cent to around 24,416 points. Chipmakers Nvidia and Broadcom each helped lead losses down eight and nine [...]
BP raises £785m to pay off debt after selling down Aker BP stake

November 5, 2026

BP has offloaded around a third of its stake in Norwegian oil and gas company Aker BP marking a major cash injection as it seeks to bring down its debt pile. The FTSE 100 energy giant told markets on Thursday it had sold a five per cent stake in Aker for around NOK9.83bn (£785m). BP [...]

TM Lewin pivots to casualwear as AI drives dearth of new graduates

Fall in love at City AM’s London Watch Week – The City Edition

By: Samuel Norman

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