Primark appoints Eoin Tonge as chief executive March 5, 2026 Fast fashion juggernaut Primark has appointed a new chief executive, as the company looks to tighten its product offerings and bolster marketing firepower. Primark owner Associated British Foods (ABF) appointed Eoin Tonge permanent chief executive on Thursday, cementing him in the top job following his tenure as interim chief. Tonge has served as a director [...]
Taylor Wimpey profit halves as Budget impacts sales March 5, 2026 The UK’s third-largest house builder saw its profits halve last year due to the cost of fire safety regulations and a regulatory settlement with the competition watchdog. Taylor Wimpey’s profit plummeted by 54 per cent to £146.5m despite revenue growing by 13 per cent to £3.8bn, in the financial year to December 2025. The group [...]
English rugby is on brink of seismic change. It mustn’t fumble at the try line March 5, 2026 Ed Warner was part of the group that has recommended major changes to the way English rugby is governed. He explains why this is a generational opportunity. This is news overload time for English rugby. The men’s national team wilting twice in the Six Nations under weighty expectations, debate about the possible impact of head [...]
FTSE 100 Live: Airline shares fall after Wizz Air profit warning; Primark new boss March 5, 2026 Good morning and welcome back to the City AM liveblog. Global markets returned to a touch of stability on Wednesday as energy prices retreated as investors awaited the latest on the events in the Middle East. The FTSE 100 ended the day 0.8 per cent higher at 10,567.65p – still far below it’s level at [...]
From power suits to prairie dresses: Don’t be fooled by the Trad Wife – she’s a Girlboss in disguise March 5, 2026 The trad wife isn't a stay-at-home mum, she's a stay-at-home businesswoman. Don't be fooled by the dream she's selling, writes Anna Moloney.
Men taking parental leave holds the key to women’s advancement at law firms March 5, 2026 In recent years, leading law firms have made concerted efforts to improve gender diversity in their ranks, but when it comes to real power, progress remains insufficient. Many of the top law firms have set targets for partnerships and leadership roles, aiming to fill at least 40 per cent of these positions with women by [...]
Exclusive: ‘Punchy’ £2.5m crowdfund to value Kane-backed Reflo at £25m March 5, 2026 A “punchy” £2.5m crowdfunding round launched by Reflo, the apparel brand backed by footballers Harry Kane and Phil Jones, will value the sustainable sportswear firm at £25m, co-founder Rory MacFadyen has told City AM. The brand, which boasts the likes of England striker Kane and Formula 1 team Williams within its client roster, has announced [...]
Mark Kleinman: £1bn Leonardo deal betrays Whitehall toxicity March 5, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column How’s this for joined-up government? The chancellor, could not bear to let 3,000 skilled manufacturing jobs at a helicopter factory in Somerset evaporate – or so the story went – because “Rachel cares about keeping the [...]
Cambridge grads launch trading exchange to take on established industry March 5, 2026 As more retail investors look to allocate capital in private assets a new exchange has entered the fray, looking to provide a substitute to traditional financial markets. Global trading exchange start-up QFEX, founded by two Cambridge maths graduates, launched on Wednesday, aiming to bring high leverage, 24/7 trading of assets to investors. The exchange, valued [...]
Foreign buyers circle ‘undervalued’ UK firms March 4, 2026 Foreign buyers continued to circle “undervalued” UK firms in the final quarter of last year, new figures show, with the value of inward Mergers and Acquisitions (M&A) surging to its highest level in four years. The total value of deals in which foreign companies acquired UK firms rocketed to £27.4bn in the final quarter of [...]