Jonathan Prynn

Business Editor

ABOUT

Jonathan Prynn has been Business Editor of the Standard since May 2022. Before that he was Consumer Editor and has also worked at The Times and the Sunday Telegraph. He is responsible for all the business and finance coverage in the paper and online.... MORE

ABOUT
VIEW

Jonathan Prynn has been Business Editor of the Standard since May 2022. Before that he was Consumer Editor and has also worked at The Times and the Sunday Telegraph. He is responsible for all the business and finance coverage in the paper and online.

<p>Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report press conference, at the Bank of England, London. Picture date: Thursday February 1, 2024.</p>
Business

When will the Bank of England cut interest rates? My money's on June

City Comment: City markets look to be too bearish on the hope of summer interest rate cuts

8 May 2024
<p>Proposed new development at 27 Savile Row</p>
Business

Savile Row tailors' fury at council recommendation to block academy

Councillors will make decision on redevelopment of former police station later this month

8 May 2024
<p>Scores of new skyscrapers will be visible from Greenwich Park</p>
London

600 more London skyscrapers set to transform city skyline

10th annual tall buildings report from New London Architecture identifies 583 tall buildings of more than 20 storeys ‘queuing up in the pipeline’

8 May 2024
<p>The potential of Wayve’s technology is vast if it becomes commercially viable. No wonder Rishi Sunak was so keen to jump on the funding announcement. </p>
Business

Homegrown AI brilliance is key to ending UK's long stagnation

City Comment: If you are looking for a glimpse of how Britain’s economy may thrive and break free of its slow growth shackles in the future, then turn your gaze to York Way

7 May 2024
<p>Marcus O’Brien</p>
Business

Sotheby's launches specialist family office division

It has been founded by Marcus O’ Brien, best known for the sale of a £225 million mansion at 2-8a Rutland Gate in Knightsbridge

7 May 2024
<p>Britain’s biggest mortgage lender today said flats are back in fashion as first time buyers target smaller properties due to high mortgage costs (Alamy/PA)</p>
Business

Demand for flats soars as mortgage costs put buyers off houses

Halifax said prices of flats are now rising faster than houses

7 May 2024
<p></p>
Business

White Company increases profit and sales and remains "optimistic"

Sales increase described as “positive outcome against the backdrop of the challenging economic conditions.”

3 May 2024
<p>Shares in the FTSE 100 fell slightly on Monday (Yui Mok/PA)</p>
Business

The future of London's stock market may depend on these two companies

City Comment: Being listed in London should be a badge of honour, but it doesn’t feel like one right now

3 May 2024
<p>Nigel Farage (Gareth Fuller/PA)</p>
Business

Coutts faces new storm as it plans to move £2bn out UK shares

The royal bank claims its ‘home bias’ towards British company shares was an ‘anachronism’ that needed ‘funadamental change’

2 May 2024
<p> Coutts, a blue blooded bank with royal connections going back more than 300 years, is to drastically reduce its fund’s exposure to UK equities and bonds from around 20% to a typical 3% or 4% (Aaron Chown/PA)</p>
Business

Does anyone believe in UK shares? Even Coutts is ditching them

City Comment: What hope is there for turning around the disinvestment flood that is draining London? 

2 May 2024
<p>The FTSE 100 record came after an easing in geopolitical tensions in the Middle East (Nicholas T Ansell/PA)</p>
Business

Only 5% of your pension's in UK stocks — but seven US firms get 10%

City Comment: Reversing the trend of falling investment in UK equities should be a high priority for the next government

1 May 2024
<p>Average advertised rents have hit a new record high, but there are signs that the pace of the increases is slowing, according to Rightmove (Yui Mok/PA)</p>
Business

House prices fall again as mortgage rates spike

Lenders, including in the past few days, NatWest, Santander and Nationwide, have been increasing their mortgage rates

1 May 2024
<p>London mayor Sadiq Khan</p>
Business

Business leaders don't love Khan, but they'd rather have him than Hall

City Comment: The Tories have not done themselves any favours with their relentlessly anti-London tone

30 Apr 2024
<p></p>
Business

Gordon Ramsay's restaurant empire set to pass £100million in revenue

It comes 25 years after the Hell’s Kitchen star opened his first solo venture

30 Apr 2024
<p>Today it was the turn of NatWest and Santander to join the queue of major lenders to tweak their mortgage rates — and not to the advantage of borrowers (PA)</p>
Business

Mortgage rates will fall again, but not any time soon

City Comment: The era of sustained falling mortgage rates will arrive. But we are still a long distance from it yet

29 Apr 2024
<p>The painful rise in London restaurant bills over recent years is set to ease finally after a key measure of hospitality industry cost inflation today showed the biggest month-on-month fall ever recorded</p>
Business

Eating out may get cheaper as restaurants' costs fall at record pace

Diners have been hammered by the huge increase in the cost of eating out, but that could be coming to an end soon

29 Apr 2024
<p>Almost four out of 10 women have taken time off work as a result of poor mental health over the past year, a new report claims</p>
Business

Mental health still ‘taboo’ for women at work

Two-thirds of women do not feel comfortable discussing mental health at work or disclosing mental health as the reason for taking time off

25 Apr 2024
<p>The Government would do well to keep the capital’s incredible strengths in mind </p>
Business

Make no mistake, London is still top dog among global cities

City Comment: The Government would do well to keep the capital’s incredible strengths in mind

25 Apr 2024
<p>Heathrow considering looking again at its third runway plans</p>
Politics

Heathrow speeding up review of third runway plans

Airport chiefs upgraded the forecast of the number of passengers expected to use Heathrow this year from 81.5 million to a record 82.4 million

24 Apr 2024
<p>A Bank of England ratesetter has said the financial markets are expecting too many interest rate cuts (Aaron Chown/PA)</p>
Business

Summer interest rate cut hopes power FTSE to record high

Markets currently rate the chance of a Bank of England interest rate cut in June as about 50-50

23 Apr 2024