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>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
<p>The company is the UK’s biggest water supplier, with 16 million households across London and the South East (Dominic Lipinski/PA)</p>
Business

A Thames Water bill hike's one thing, but for this level of service?

City Comment: We have arrived at a situation where there is no confidence in the ownership of a business that has the monopoly in supplying water to the capital

22 Apr 2024
<p>A good run for England at the Euros might be the only way to get the tills ticking over again</p>
Business

Only one person can save the economy now… Gareth Southgate

City Comment: A good run for England at the Euros might be the only way to get the tills ticking over again

19 Apr 2024
<p>Data from the Office for National Statistics (ONS) showed sales volumes at department stores were worst hit, falling 3.8%, a figure that does not bode well for the recovery of John Lewis</p>
Business

No early Easter boost for high street as retail sales flatline

The “lacklustre” performance was well below City forecasts of around 0.3% growth and follows a 0.1% rise in February

19 Apr 2024
<p>Room at BAM Victoria karaoke venue</p>
Business

Europe's biggest karaoke venue opens in Victoria

Punters will pay between £12 and £30 each for two hours in a room

18 Apr 2024
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Business

Business dismay at no-shows for mayoral hustings

City Comment: It is simply unacceptable that those whose lead these businesses did not get the chance to hear what the next four years of the Mayoralty could bring

17 Apr 2024
<p>Royal Mail has put forward proposals that would see first class mail kept as a six-day a week service, but second class letter deliveries cut dramatically (Gareth Fuller/PA)</p>
Business

West Ham part-owner Daniel Křetínský in shock bid for Royal Mail

The approach comes at a time of huge challenges for Royal Mail

17 Apr 2024
<p>CGI image of Olympia at dusk</p>
Business

Olympia ties up with 'pergola' bar and restaurant operator Incipio

Incipio will operate a total of 39,000 of food and beverage space

17 Apr 2024
<p>Hopes of a June interest rate cut from the Bank of England were rapidly fading today after a smaller than expected fall in the rate of inflation “put a spanner in the works”</p>
Business

June interest rate cut looks unlikely after smaller fall in inflation

The disappointing “miss” immediately sent financial markets scrambling to reassess their projections of the timing of the first move on rates by the Bank of England

17 Apr 2024
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Business

UK inflation rate dips to 30-month low of 3.2% in March

That’s a little higher than economists had expected

17 Apr 2024
<p>Freddy Salem, 82, has amassed a property empire including a row of buildings in Mount Street, Mayfair, that takes in celebrity restaurant Scott’s, the Christian Louboutin shoe store and high end jewellers Pragnell</p>
Business

One of London's richest families takes feud to High Court

The Salem family has been split for decades by a row over who is entitled to the profits from a London-based trading empire that operates mainly in west Africa

16 Apr 2024
<p>Horizon22 wedding venue</p>
Business

London's highest wedding venue opens at top of City skyscraper

The space at 22 Bishopsgate can accommodate up to 500 guests

16 Apr 2024
<p>TClarke  provided the electrical fitting for the Shard</p>
Business

The latest London Stock Exchange buyout might be the saddest yet

City Comment: The business, which has always been headquartered in London and listed here since 1949, was a genuine pioneer

16 Apr 2024
<p>The Bank of England’s governor Andrew Bailey has suggested that the threat of UK inflation is being underestimated by financial markets (Henry Nicholls/PA)</p>
Business

Early interest rate cuts? Not until wage growth slows down

City Comment: Although labour markets are a bit slacker than at the end of the pandemic, they are far from loose

15 Apr 2024
<p>Westminster Tower</p>
Business

Riverside tower to be converted to luxury flats after £40 million sale

The building could be worth a total of £150 million after being converted to create 25 apartments, three penthouses, and recreation areas

15 Apr 2024
<p>The ONS revealed February’s GDP reading on Thursday (Victoria Jones/PA)</p>
Business

There’s finally some optimism in the City. Will it last?

City Comment: Next week is a big one. Will we see more good news, or will inflation, jobs and retail data kill the mood?

12 Apr 2024
<p>The UK economy entered recession in the latter half of 2023 (Victoria Jones/PA)</p>
Business

'We can safely say recession over' after GDP rise, but growth is slow

The meagre growth, not helped by torrential rain that hammered the construction sector, marks a slowdown from a 0.3% advance in January

12 Apr 2024
<p>Growth fell to just 0.1% in February</p>
Business

Growth slows to 0.1% in February as economy hit by torrential rain

UK still stuck in a pattern of slow growth but recession is almost certainly over

12 Apr 2024
<p>The redevelopment of the site is well under way</p>
Business News

Oxford Street revival boosted by 'once in 100 years' transformation

Shops, gym, pool and restaurants at art deco store as renaissance grows

11 Apr 2024
<p>Evening Standard Front Page Cartoon</p>
London

At least another five years before Hammersmith Bridge reopens to cars

The Grade II* listed crossing was hurriedly closed to vehicles five years ago

11 Apr 2024