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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UK’s financial services stronghold slips

July 10, 2025

The UK’s position as a financial services leader has cracked as under-investment and staff reductions weigh on the sector. Nearly half of senior financial professionals believe the UK’s dominance is waning, research from the CRIF found. Over 40 per cent said they would no longer consider the country a global leader in the industry. Sara [...]
FTSE 100 smashes intra day high as investors call Trump’s bluff

July 10, 2025

The FTSE 100 surpassed its all-time high on Thursday with investors unfazed by the latest barrage of trade threats from President Donald Trump. The UK’s flagship index rallied over one per cent in morning trading to over 8,970. This topped a previous intra-day record of 8,908.82 set on March 3. Miners pioneered Thursday’s jump with [...]
Jupiter snaps up UK’s largest asset manager for non-profits

July 10, 2025

Jupiter Fund Management has acquired CCLA – the UK’s largest investment manager for non-profit organisations – in a bid to expand its UK reach. The deal, which values CCLA at £100m on a 100 per cent equity basis, will mark Jupiter’s entry into the non-profit investment arena. The FTSE 250 firm will add CCLA’s £15.1bn [...]
Banks shut eight branches a week since 2016

July 10, 2025

British banks have accelerated their retreat from the high street, shutting an average of eight branches a week since 2016 in a dash to bulk up digital offerings. Nearly 3,700 sites closed between 2016 and 2024, creating 41 ‘banking deserts,’ which refer to local authorities where at least one branch shut for every 10,000 residents. [...]
Fintech leads surge in London finance hiring

July 10, 2025

Fintech helped lead roaring growth in London’s finance hiring for the second quarter of the year as demand for risk professionals surged amid a more moribund jobs market for traditional lenders. New financial services jobs vacancies rose three per cent quarter-on-quarter, according to Morgan McKinley’s London Employment Monitor while Greater London fintech hiring is expected [...]
Bank of England hits Mastercard subsidiary with £12m fine

July 9, 2025

A Mastercard-owned company has been fined almost £12m by the Bank of England after it failed to fully comply with a regulatory order to fix weaknesses in its risk management. Vocalink – which was acquired by Mastercard in 2017 – has been slapped with the £11.9m fine due to failing to meet directions from the [...]
Fintechs lobby Rachel Reeves for tax incentives to boost listings

July 9, 2025

Top British fintech firms have urged Rachel Reeves to provide incentives to list in London or risk losing them to rival markets overseas. Executives from Clearbank, Atom, Revolut and Zilch met the Chancellor on Wednesday morning ahead of the Treasury’s Financial Services Growth and Competitiveness Strategy, in which fintech is expected to play a starring [...]
Trump tariffs: FTSE 100 holds steady as pharma and metals brace for levies

July 9, 2025

The FTSE 100 opened 22 points up this morning, despite threats of pharma and metals tariffs with stark implications for major stocks on the blue chip index. President Trump has said that an announcement is coming “very soon” on pharmaceutical tariffs – with a possible 200 per cent rate landing in “about a year”. Major [...]
WPP shares dive after sales slump

July 9, 2025

Shares in advertising giant WPP plummeted by over 13 per cent on Wednesday morning after the company said sales would take a hit in the second quarter after it lost several key accounts. The FTSE 100 firm said on Wednesday revenue for the first half was expected to decline between 4.2 and 4.5 per cent. [...]
Close Brothers to scale back lending after motor finance hit

July 9, 2025

Close Brothers is set to scale back its premium finance division in a bid to cut costs and focus on its offerings for businesses. The lender said on Wednesday it would begin to prioritise insurance products designed for businesses in its commercial lines, which the firm said offered better risk-adjusted returns and long-term growth potential. This will [...]

Doctors union tops up £1m reserve pot for strikes

Wimbledon won’t slap sponsor on new show court but eye US growth

School’s out! 13 amazing UK holiday options to book this August

By: Samuel Norman

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