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 gas prices spike over 90 per cent amid US-Iran war

March 3, 2026

Gas prices in the UK have nearly doubled as the war between US and Iran ramped up since the weekend. The price of UK wholesale gas prices – which reflect the costs energy suppliers pay to producers for natural gas before selling to household and businesses – has rocketed by 93 per cent in just [...]
Spring Statement Live: UK growth cut for 2026 but Reeves touts future forecasts

March 3, 2026

Welcome back to the City AM liveblog. Rachel Reeves delivered her Spring Statement today, as the Office for Budget Responsibility published its updated forecasts for the years ahead. The Chancellor was handed quite a hefty blow with the UK’s growth estimate for 2026 slashed to 1.1 per cent from 1.4 per cent the year prior. [...]
Meet Reeves’ outsider tasked with steering the City to growth

March 3, 2026

The City has rolled out the red carpet for the banking watchdog’s new chief after Katharine Braddick, a seasoned veteran of the financial trenches, was named on Friday as the successor to Sam Woods. For a cool £314,000 a year, she’s set to take on the brief of steering the UK’s banking sector. Chancellor Rachel [...]
Dow Jones slides as FTSE 100 extends losses amid Iran strikes

March 2, 2026

Wall Street joined Europe as markets opened on Monday with losses spread across the board as tensions escalated across the Middle East. The Dow Jones dropped nearly one per cent on open to 48,534.58 whilst the S&P 500 shed around 0.7 per cent to 6,828.47. The tech-heavy Nasdaq tumbled 0.7 per cent to 22,505.32. In [...]
Ex Goldman chief: I smell another financial crisis

March 2, 2026

Goldman Sachs’ top boss throughout the 2008 financial crisis has sounded the alarm that the global economy was drawing closer to another crash. Billionaire investment banker Lloyd Blankfein, who served at the helm of Goldman from 2006 until 2018, said: “I don’t feel the storm, but the horses are starting to whinny in the corral.” [...]
Santander names new TSB boss ahead of takeover

March 2, 2026

Santander has named the new top boss of TSB Bank as the firm gears up for its blockbuster takeover of the high street unit. The Spanish-headquarted banking giant – which beat out its peers to snap up TSB for £2.6bn last July – appointed Nicola Bannister as the new chief executive of TSB. Bannister ascends [...]
Oil prices spike as UK base hit by Iranian missile

March 2, 2026

Oil prices spiked this morning as tensions continued to escalate in the Middle East, raising concerns that a key shipping route could be halted and an Iranian missile attack on an RAF base could drag the UK into a regional war. The cost of a barrel of brent crude – the international benchmark for oil [...]
FTSE 100 Live: Gas price surge after LNG halt, stocks slide amid Iran conflict

March 2, 2026

Good morning and welcome to the City AM liveblog. Global markets were in store for another dose of risk to kick off the new week after tensions in the Middle East reached a boiling point over the weekend. The cost of a barrel of brent crude – the international benchmark for oil prices – climbed [...]
Vanquis boss defends scrapping dividend as bank swings to profit

February 26, 2026

The boss of Vanquis Bank has said he makes no apologies for a “conservative” approach to capital distribution as he launched a staunch defence of the group’s decision to axe its dividend for the second consecutive year. Ian McLaughlin, who took the helm at Vanquis in August 2023, said the bank’s “number one priority” was [...]
How HSBC and Standard Chartered are riding high on Asia’s wealth

February 26, 2026

London’s banking giants are circling the UK’s wealth management pie. But two other top lenders could be carving out a feast 6,000 miles away. HSBC and Standard Chartered posted hefty bumps to their wealth divisions, driven by a strategic focus on Asia and the Middle East. In financial results shared on Wednesday, HSBC revealed bank-wide [...]

Uzbekistan national wealth fund confirms plan for London IPO

Panmure Liberum: Netherlands will win first Fifa World Cup

The very best wine pairings for steak and fine cuts of meat

By: Samuel Norman

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