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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Close Brothers looks to ‘accelerate’ after ‘messy’ year

October 1, 2025

Close Brothers is hoping to switch gears and “accelerate” after the motor finance scandal had the bank stuck in a rut. The specialist lender’s share price has swerved between a low of 185.00 and peak of 555.00 over the last 12 months. The car misselling saga has been the driving force of stock woes, sending [...]
Tax hikes push firms to automate jobs, says top UK recruiter

October 1, 2025

Tax hikes and wage pressures are putting Brits at risk of losing roles to automation and offshoring, a top UK recruitment firm has warned. Hays has warned Britain is becoming “unattractive to hire people permanently” as employer costs mounted over the last year. “Wage pressures and national insurance changes are pushing employers to explore automation [...]
FTSE 100 seals best quarterly rise since 2022

September 30, 2025

The FTSE 100 has net its best quarterly rise since 2022 as the index shrugged off geopolitical tensions to storm to record highs. London’s blue-chip index clawed back morning losses to seal a 0.54 per cent gain at 9350.43. A batch of risers managed to offset losses from market heavyweights. Pest control firm Reckitt and [...]
Trump launches fresh tariffs as government shutdown looms

September 30, 2025

In a frenetic 24 hours for the President, Donald Trump has launched fresh tariffs on the US’s trading partners as his government looks to be marching towards shutdown. The White House has said it will charge a 10 per cent tariff on foreign softwood lumber and timber, used in a wide variety of building materials, [...]
FTSE 100 Live: Asos and Close Brothers lead City stocks’ fall as economic growth slows

September 30, 2025

Good morning from the City AM liveblog team. When Rachel Reeves prepared her inaugural budget last year, she had little in the way of good news to impart to the people of Britain. The chancellor said she’d been left a bad inheritance, and had to raise tens of billions of pounds in extra taxes to plug spending [...]
‘It’s risky to be in the UK’ – Cleo founder on unicorn status and City regulation

September 30, 2025

Nine years ago entrepreneur Matt Clifford took a data scientist to a “terrible pub” to convince him to drop his PhD and create his own start-up. “You may as well just take the risk, the biggest risk is not taking the risk,” Clifford told a young Barney Hussey-Yeo. Almost a decade later in 2025, Hussey-Yeo [...]
Natwest chair: Rachel Reeves’ Budget must include radical tax reform

September 29, 2025

The chair of banking giant Natwest has called for Rachel Reeves to implement “radical tax reform” in her Autumn Budget. Rick Haythornthwaite has said a “bold long-term plan” to “kick-start growth” would reassure jittery bond markets and “deliver much-needed social benefits”. “This is the time for a 10-year programme of radical tax reform. Time for [...]
Gold seals record high as Trump heads for government showdown

September 29, 2025

Gold has once again smashed a record high, spurred on by tensions in the US as President Donald Trump heads for a showdown with congressional members. The yellow metal breezed past the $3,800 mark this morning with a 1.2 per cent gain as investors flocked to the safe haven asset whilst political tensions in Washington [...]
GSK shares rally as chief Emma Walmsley to exit after eight years

September 29, 2025

The chief executive of pharmaceutical giant GSK has announced plans to step down from the company at the end of the year. Emma Walmsley, who took the helm of the drugmaker in 2017, will be replaced by chief commercial officer Luke Miels. Miels – the former Executive Vice President of Astrazeneca – also joined the [...]
Labour say manifesto stands ‘today’ as Reeves ducks VAT hike

September 29, 2025

The Chancellor would not rule out fresh rises to VAT ahead of her speech to Labour Party Conference later today, when pressed on the issue by LBC’s Nick Ferrari this morning. Asked whether Brits could face increases to the retail levy, Reeves said: “You’ll know we made those commitments in our manifesto, and those commitments [...]

Why Sunderland’s away kit legal row is a warning to all sports

Why Sunderland’s away kit legal row is a warning to all sports

What’s on in London in May

By: Samuel Norman

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