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.

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‘Taxed to a standstill’ – UK economy grinds to a halt with no growth in January

March 13, 2026

The UK economy saw zero growth in the first month of the year – before global markets were rocked by the outbreak of war in the Middle East. Fresh figures from the Office for National Statistics (ONS) have handed a major blow to Rachel Reeves with the economy flat in January, compared to the 0.2 [...]
Oil surges again as industry faces ‘largest disruption in history of the market’

March 12, 2026

The global energy body has warned the current oil crisis triggered by the war in the Middle East marks the “largest disruption” in history of the commodity’s market. The International Energy Agency (IEA) made a record intervention in the market on Wednesday, with the release of 400m barrels from the strategic reserves. But the move [...]
Lloyds Bank investigating ‘technical glitch’ as users see rogue transactions

March 12, 2026

Lloyds Banking Group is looking into a “technical glitch” that left users of the bank’s app on Thursday morning seeing other users’ transactions on their mobile app. The group – which consists of Lloyds, Halifax and Bank of Scotland – responded to concerned customers on X in the early morning that it was looking into [...]
On the Beach shares tumble as it tears up guidance amid bookings slowdown

March 12, 2026

On the Beach has torn up its guidance for the forthcoming year after warning that tensions in the Middle East have sparked a sharp slowdown in bookings. The online travel agent previously forecast pre-tax profit of between £39m and £43m. “Whilst the group has limited exposure to destinations in the Middle East, it has experienced [...]
Shawbrook shares dive after profit jump on bullish AI plans

March 12, 2026

Shawbrook Bank reported a jump in profit for the last year in its first set of first set of financial results since its landmark IPO in October. The London-listed bank reported a pre-tax profit of £340.5m, up from £293.8m the year prior as costs tumbled and the group’s loan book swelled. Still, the firm’s shares [...]
FTSE 100 Live: Stocks drop as oil returns to near $100 after tankers attacked

March 12, 2026

Good morning and welcome back to the City AM liveblog. The price of oil shot back above triple digits this morning, rising as much as nine per cent in Asian trading following the news two tankers were struck in the Gulf. An Iraqi news agency broke the news that 38 crew members have been rescued [...]
Standard Chartered evacuates Dubai offices amid Iran war

March 11, 2026

London-headquartered Standard Chartered has begun to evacuate staff from its offices in Dubai following the latest escalations in the war in the Middle East. The FTSE 100 giant boasts a large presence in the region as part of international expansion efforts across the United Arab Emirates but has now found itself caught in the growing [...]
Revolut lands full UK banking licence after four-year wait

March 11, 2026

Revolut has landed its full UK banking licence following a four-year wait for the permit. The $75bn fintech juggernaut has been in the mobilisation stage for over 18 months after being granted approval for the licence last July. The final green light from the banking watchdog hands the digital bank permission to formally start lending [...]
Mortgage lenders pull deals at fastest pace since mini-Budget

March 11, 2026

Mortgage lenders are pulling deals at the fastest rate since Liz Truss infamous mini-Budget amid growing agitation around the economic consequences of the Iran war. Nearly 500 homeowner mortgages have disappeared from the market in mere days, according to finanical information platform Moneyfacts, as average mortgage rates breeze past the five per cent mark. Moneyfacts [...]
JP Morgan marks down private credit loans amid AI jitters

March 11, 2026

JP Morgan has marked down the value of specific loans held by private-credit groups, tightening its grip on the sector as boss Jamie Dimon warns of a looming AI reckoning. The bank’s move specifically targets software companies, which it now views as highly vulnerable to being replaced by artificial intelligence. By devaluing these assets, JP [...]

Poundland owner ‘commits to protecting jobs’ after pressure from business secratary

Ice Hockey World Championships sponsor threatens to pull out over Russia

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

By: Samuel Norman

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