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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KKR-backed fintech takes £13m hit from motor finance scandal

March 10, 2026

A UK fintech backed by investment giant KKR has posted a hefty loss after being forced to set aside cash for the brewing motor finance scandal. Oodle Finanical Services recorded a pre-tax loss of £38m for the financial year ending 30 June 2025, after the firm was forced to set aside a whopping £12.8m in [...]
World’s top oil producer warns ‘catastrophic consequences’ after Iran threats

March 10, 2026

The world’s top oil producer has warned of “catastrophic consequences” for the commodity’s global market after Iran threatened to block key shipping routes. Saudi Aramco – the state-owned national oil company of Saudi Arabia which controls over 270 billion barrels of reserves – has sounded the alarm that the Iran’s blocking of the Strait of [...]
FTSE 100 Live: Stocks soar and oil dips as Trump says war is ‘very complete’

March 10, 2026

Good morning and welcome back to the City AM liveblog. It was a day of whiplash for global markets as they kicked off the new week. Stock markets from Europe to Asia and Wall Street sunk into the red on open as the price of oil rose at the fastest rate in six-years. Brent crude, [...]
‘Terrifying’: Iran threatens $200 oil price if US-Israel strikes continue

March 9, 2026

A spokesman for the Iranian military has given a chilling warning that the cost of a barrel of oil could rocket to $200 if the war with Israel and the US continues. The price of oil has continued to surge amid escalating tensions in the Middle East, which have triggered strikes on production sites and [...]
Barclays joins run of mortgage rate hikes in blow to borrowers

March 9, 2026

Barclays has become the latest in a flurry of mortgage lenders to hike their rates amid mounting fears the Bank of England will keep the base interest rates higher for longer following the war in the Middle East. The blue-chip banking giant has slapped a 0.1 per cent increase on rates on a selection of [...]
Rolls-Royce shares slide as FTSE 100 plunges amid Iran war

March 9, 2026

A dramatic stock plummet from blue-chip giant Rolls-Royce helped drag the FTSE 100 deeper into the red on Monday morning as fears surrounding the economic impact of the Iran war ramped up. Shares in the aerospace giant were down as much as five per cent at open, before clawing back some gains to a three [...]
Global markets warned of ‘biggest energy crisis’ in modern history after oil surge

March 9, 2026

Global economies are facing warnings over what could the “biggest energy crisis” in modern history after the price of oil breached the $100 mark for the first time since the energy crisis in 2022. Brent crude, the international benchmark for oil, surged over 25 per cent to highs of $118 per barrel as the week’s [...]
FTSE 100 Live: US stocks sink on open; Iran warns oil price could hit $200

March 9, 2026

Good morning and welcome back to the City AM liveblog. The chaos in global markets of last following the breakout of conflict in the Middle East is poised to continue as tensions in the Gulf showed no sign of slowing down over the weekend. The price of oil notched its highest gains in a single [...]
UK jobs market ‘facing sustained shocks’

March 9, 2026

The Labour government is facing a rallying cry to ease the cost burden on businesses to avoid derailing a recovery in the jobs market. The latest jobs report from KPMG and the REC, the professional body for recruiters, showed hiring for permanent roles reaching a stabilising point in February with the pace of declines the [...]
Grounds for expansion: Airwallex’s Europe chief bets on London in licence pursuit

March 6, 2026

As payments giant Airwallex laid out plans to double down on Europe, they turned to a man with experience at a multi-billion dollar deposit holder. The $8bn cross-border specialist was looking for someone to steer the ship amid expansion plans across Europe but in that endeavour didn’t poach a veteran of Wall Street or the [...]

City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms

Championship clubs up promotion gamble by adopting new financial rules

Why now is the perfect time to visit Cyprus

By: Samuel Norman

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