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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 CityAM'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 [email protected] and posts on LinkedIn and X at x.com/samnormanwrites.

All 1475 Articles
  • Revolut profit tops £1bn as UK fintech’s rapid growth continues

    April 24, 2025

    Revolut more than doubled its profit before tax in the 2024 financial year, in what was a year of rapid growth for the UK fintech industry. The fintech darling boosted pre-tax profit growth of 149 per cent to £1bn, up from £438m in 2023. The British firm’s revenue surged 72 per cent to £3.1bn. As [...]

  • Shawbrook eyes £5bn Starling merger instead of IPO

    April 24, 2025

    Shawbrook Group is weighing up a £5bn merger with fintech giant Starling, in a move that would be emblematic of a tougher outlook on stock market listings. The mid-cap lender has reached out to Starling in the last two months to initiate talks on a potential deal, as reported by Sky News. The proposal remains [...]

  • Green finance withers as Trump effect spreads 

    April 24, 2025

    Financial hubs are ditching green finance, fresh research shows, after President Donald Trump’s return to the White House triggered a global retreat.  Centres across the world had their green finance rating reduced in the 15th edition of Z/Yen Global Green Finance Index (GFFI). Despite topping the index, London’s rating reduced 36 points to 598.  Zurich [...]

  • Zopa Bank: UK fintech doubles profit amid IPO speculation 

    April 24, 2025

    Digital bank Zopa doubled its pre-tax profit in its second full year of profitability as the London fintech continued its upward trajectory ahead of a possible IPO.  The Canary Wharf-based business pocketed £34.2m in the 2024 financial year, up from £16.8m in 2023.  Revenue grew 30.2 per cent to £303.4m. This was driven by an [...]

  • Crisis, debt and a £46bn bailout: Inside Natwest’s return to private ownership

    April 24, 2025

    Natwest is set to end one of British banking’s longest running sagas, as the lender stands inches away from returning to private ownership for the first time in nearly two decades.  The FTSE 100 giant has whittled the UK government’s share in the bank to under three per cent, with a full exit expected in [...]

  • FTSE 100 surges as Trump retreats on trade war

    April 23, 2025

    The FTSE 100 inched closer to a full pre-’Liberation Day’ recovery on Wednesday as President Donald Trump dialled down on his bombastic trade rhetoric.  The blue-chip index rose by over two per cent in early trading as stocks exposed to China surged. This followed the index finishing in the green for the seventh consecutive day [...]

  • Argentex considers sale to IFX Payments after tariffs trigger cash squeeze

    April 23, 2025

    Currency management company Argentex is in “advanced discussions” over an acquisition by IFX Payments after the firm faced a critical cash crunch amid President Donald Trump’s erratic tariff agenda. In a statement on Wednesday, Argentex said whilst discussions had progressed with IFX, no certainty had been reached. But, its board had “unequivocally rejected” an offer [...]

  • FTSE 100 sees best winning streak in two years as trade war fears abate

    April 22, 2025

    The FTSE 100 finished in the green on Tuesday for the seventh consecutive day, notching its best run of gains in two years as investor worries over protracted trade wars began to soften.  London’s blue-chip index closed on a 0.64 per cent gain at 8328.60. Distribution firm Bunzl ended trading as one of the top [...]

  • City bonuses beat Wall Street after cap scrapped

    April 22, 2025

    UK financial services handed out the industry’s highest bonuses last year after taking advantage of the lifting of pay restrictions.  Workers pocketed an average $149k (£114k) bonus in 2024, according to fresh data from jobs platform eFinancialCareers.  This marked a 25.7 per cent jump from 2023 and sent the UK above North America, which rose [...]

  • Pound on best run since 1971 as FTSE 100 claws back gains 

    April 22, 2025

    The pound and the FTSE 100 continued their strong runs on Tuesday on the back of US instability. Sterling was on track for its 11th day of gains, which would be its longest streak since January 1971 – when the currency switched to the decimal system. It was up 0.6 per cent to $1.34 against [...]

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