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.

All 1594 Articles

Barclays and HSBC shares jump after Trump’s legal blow

May 29, 2025

Shares in FTSE 100 banking giants rallied on Thursday after President Donald Trump’s tariff agenda was dealt a blow from the courts. Barclays and HSBC climbed over one per cent to 328.05p and 874.50p, while Standard Chartered jumped nearly two per cent to 1,158.00p. This came as the US Court of International Trade declared Trump’s [...]
Premier Miton: Asset manager faces tariff strain

May 29, 2025

AIM-listed fund manager Premier Miton recorded a drop in its assets for the first half of the financial year, citing “investor caution, particularly toward UK and European equity strategies”. The firm’s assets under management dropped to £10.2bn, compared to £10.7bn in September 2024. Net outflows jumped to £254m, a sharp increase from £46m for the same [...]
Nationwide posts bumper year after stamp duty rush

May 29, 2025

Nationwide Building Society bolstered its takings in the 12 months to March 31 2025, after a rush to beat the stamp duty deadline led to a surge in first-time buyers. The firm said it served more first-time buyers than any other lender in the UK, with 120,000 purchasing their first home. This was a significant leap from [...]
Reeves’ tax raids crush business confidence – but worst is yet to come

May 29, 2025

Business confidence plummeted in the three months to May as Rachel Reeves’ tax hikes took hold and firms have warned more pain is to come. Consumer services’ optimism marked its eight consecutive month of decline at -42 per cent, whilst levels of business value plunged to -56 per cent. This was down from -44 per [...]
Revolut: UK is ‘entrepreneurial hub of Europe’

May 28, 2025

UK entrepreneurship has stormed ahead of its European rivals, according to findings from the region’s most valuable fintech company. Fresh data from Revolut’s business arm shows half of British businesses using its services are startups, a figure that dwarfs its European counterparts. Their closest rivals, the Netherlands and Ireland, sit at near 40 per cent. [...]
Gen Z investors reliant on LinkedIn and TikTok finfluencers for advice

May 28, 2025

Gen Z has led the charge in a growing trend of using social media for investment advice, according to new data from Charles Schwab. Over 70 per cent of Gen Z use social media and financial influencers – dubbed finfluencers – when making investment decisions, the data suggests. LinkedIn was valued as the top social [...]
HMRC review signals potential pension tax changes in Autumn

May 28, 2025

Rachel Reeves could target pension savers in fresh tax grab as the Chancellor looks for additional ways to fund the government’s ballooning spending. His Majesty’s Revenue and Customs (HMRC) has published research as part of an official review of workplace retirement schemes, exploring cuts to the tax benefits of salary sacrifice pension schemes. The schemes, [...]
AIM to shed billions as market projected to shrink by a fifth

May 28, 2025

London’s junior stock market is set to deepen its listing crisis as it heads towards its 30th birthday. The alternative investment market (AIM) is projected to have £12.3bn of market capitalisation, after 61 companies announced plans to ditch their listing. A combination of mergers, private equity takeovers, delistings in favour of private securities venues and [...]
UK fintech Starling’s profit tumbles as regulatory failings linger

May 28, 2025

UK fintech veteran Starling recorded a drop in annual profit for the financial year as it battled with a more competitive fintech landscape and mounting costs. The neobank recorded £223m in pre-tax profit, which was down from £301m the previous year. This came as operating costs ramped up to £403m, from £332m, helping offset modest [...]
McKinsey slashes 10 per cent of jobs in major overhaul

May 28, 2025

Consulting giant McKinsey has unleashed one of the largest job culls in the company’s history after ten per cent of staff faced the chop. The New York-headquartered firm has reversed major expansion plans, which peaked during the pandemic, as it aims to drive profitability. The consulting firm has reduced its workforce to 40,000 over the [...]

EV targets set to be watered down

Burnley axe main sponsor Finotive after just six weeks and promote Vertu to shirt

New Revuelto SV is the fastest and most intense Lamborghini ever

By: Samuel Norman

All 1594 Articles

Subscribe