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.

All 1799 Articles

Close Brothers takes swing at FCA after near-doubling motor finance provisions

October 14, 2025

Close Brothers’ frustration at the City watchdog has stepped up a gear after the firm was forced to almost double its provisions for the motor finance scandal. The FTSE 250 lender, which had previously set aside £165m, hiked its provisions by a further £135m following the Financial Conduct Authority outlining details of its industry-wide redress [...]
FTSE 100 Live: Retail sales slow; Unemployment figures tick up

October 14, 2025

Good morning from the City AM liveblog team. After a dismal first three quarters of the year, London’s IPO market is finally roaring back, returning the capital to a level playing field with its rival listing venues after a string of fresh flotation announcements. That’s the view of bosses at top City broker Peel Hunt, [...]
‘Renewed confidence’ in UK innovation economy to boost funding

October 14, 2025

A shot of “renewed confidence” in the UK’s innovation economy is set to deliver the largest year for funding since 2022. The UK’s start ups and scale ups secured $9bn (£6.75bn) in venture capital funding in the third quarter, teeing 2025’s year-to-date investment up to match last year’s full-year total of $17.3bn. With the third [...]
A harmful budget risks shattering IPO revival, Cavendish chief warns

October 13, 2025

The boss of a London-listed investment bank has warned Rachel Reeves must be “careful” her budget policies do not damage the recuperating IPO market. Speaking to City AM at City & Financial Global’s Capital Markets Summit, Julian Morse, chief executive of Cavendish, said: “The main driver [of the IPO market] is the economy, so if [...]
Peel Hunt: UK’s IPO prospects now on a ‘level playing field’

October 13, 2025

The City’s IPO prospects now stand on a “level playing field” with other major venues, despite a battle to keep the next generation of listing talent in the UK, a top market analyst has said. Speaking at City & Financial Global’s Capital Markets Summit, Charles Hall, head of research at Peel Hunt, said: “There are [...]
Shawbrook looks to raise over £50m in November IPO

October 13, 2025

Specialist lender Shawbrook has confirmed its intention to kick off an Initial Public Offering (IPO) on the London Stock Exchange. The company is targeting a listing in early November 2025 and expects to raise £50m in net proceeds through new shares. This will be alongside the sale of existing shares by Marlin Bidco Ltd – [...]
Lloyds Bank shares edge up despite £800m motor finance hit

October 13, 2025

Lloyds Banking Group has taken a swipe at the City watchdog after being forced to hike its provisions for the motor finance scandal to £2bn. The banking giant said the redress scheme was not proportional or reasonable in ensuring customers were rightly compensated and it did not reflect the “actual loss” of borrowers. It added [...]
FTSE 100 Live: Lloyds warns on ‘adverse’ outcome on motor finance

October 13, 2025

Good morning from the City AM liveblog team. As we edge close to the Budget, more and more businesses are growing agitated over how their industry might be affected. Nowhere were these concerns more stark than in retail, where the Co-op has warned that 60,000 small shops and 150,000 jobs could be lost without business [...]
Legal & General eyes bid for Natwest pension provider

October 11, 2025

Legal & General is eying a bid for Natwest’s pension provider Cushon as the financial services giant looks to beef up its segment in the retirement market. The FTSE 100 giant is among a handful of potential buyers who have expressed interest in acquiring Cushon. Such a deal with Legal & General would thrust the [...]
Reeves ‘pressures business chiefs to talk up the UK economy’

October 11, 2025

Rachel Reeves has ramped up pressure on business leaders to “talk up” the economy in the run up to the Autumn Budget. The Chancellor has framed her rallying cry to businesses that if they do not support a positive narrative around the economy, they risk Nigel Farage becoming Prime Minister. The Treasury has warned top [...]

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Andy Burnham says stockpile beans and tuna: Here’s the wine to pair with that

By: Samuel Norman

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