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 busainerss and finance coverage in the paper amd 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 busainerss and finance coverage in the paper amd online.

<p>ABBA Voyage concerts have contributed £322.6 million in spending, analysis reveals</p>
London
52m

Money, Money, Money! Abba effect brings £322million boost to London

The Abba shows generated more than one million ticket sales - at up to £181.50 each - by the end of the 2022

22 Dec 2023
<p>Chancellor of the Exchequer Jeremy Hunt (Maja Smiejkowska/PA)</p>
Business

Recession fears return after figures show GDP fell in third quarter

Fall in output threatens to derail Rishi Sunak's pledge to grow the economy

22 Dec 2023
<p>The Ivy on west Street</p>
Business

Richard Caring "considering selling a stake in The Ivy Collection"

A sale could value the group of restaurants at as much as £1 billion

21 Dec 2023
<p>View from  duplex  penthouse department at Fenton Whelan's Greybrook House </p>
Business

Abu Dhabi buyer picks up penthouse in £30m Mayfair shopping spree

Grade II Listed, six-storey Art Deco building was originally designed by architects Sir John Burnett & Partners and built in 1929.

21 Dec 2023
<p></p>
Business

We're much closer to recession than you think — here's why

City Comment: One very small tweak on Friday could make a very big difference

21 Dec 2023
<p>Prime Minister Rishi Sunak is facing another by-election test after MP Peter Bone was recalled by voters (Andy Buchanan/PA)</p>
Business

Government borrowing figures put Sunak's debt pledge in doubt

The Government was forced to borrow a bigger than expected £14.3 billion in November

21 Dec 2023
<p>CGI image of what Shepherds Bush market will look like after redevelopment</p>
Business

Shepherds Bush Market owners get green light for redevelopment plans

But dozens of traders are opposed to the plans fearing higher rents

20 Dec 2023
<p>London house prices fell 3.6% in October</p>
Business

More than £16,000 slashed from the value of the average London home

Prices slumped in October after a long succession of interest rate hikes

20 Dec 2023
<p>The rate of UK inflation on goods and services eased back to 3.9% in November, the ONS said.</p>
Business

Rate of inflation falls sharply to 3.9%

Bigger than expected fall will raise hopes of early interest rate cuts but the Bank of England remains cautious

20 Dec 2023
<p>Mencap has sold its London HQ in Islington</p>
Business

Mencap sells its London HQ for £8.5m after remote working revolution

Around 200 employees were based at the 18.600 sq ft office before the pandemic

19 Dec 2023
<p>Elton John performs at The 02 during his farewell tour</p>
Business

Ticket sales at The O2 arena hit a record 2.5 million this year

The venue has hosted 216 music, sports and comedy events this year

19 Dec 2023
<p>Property sales in London generated £5.6 bn last year</p>
Business

Stamp duty raised from property sales in London hits a record £5.6 bn

Westminster alone delivered £765 million in stamp duty receipts to Jeremy Hunt

19 Dec 2023
<p>Adbri is one of Australia's biggest cement makers</p>
Business

CRH takes control of Australia's Adbri in £1.1bn deal

Adbri shares leaped 32% after the takeover off was revealed

18 Dec 2023
<p>Unilever is selling its Elida Beauty division</p>
Business

Unilever sells its Elida Beauty division to US private equity buyer

Deal is expected to complete by the middle of next year

18 Dec 2023
<p>Today two of the country’s biggest mortgage lenders Halifax and Nationwide both offer their prognostications for the property market in 2024</p>
Business

Halifax have it wrong — here's where house prices will go in 2024

City Comment:Let’s compare notes in a year’s time and see who was right

16 Dec 2023
<p>The cost of a typical house is 6.7 times average earnings in Britain despite the recent slowdown in the property market, according to new figures from mortgage lender Halifax (Dominic Lipinski/PA)</p>
Business

Mortgage lenders cut rates as gilt yields tumble

“2024 will be the year of the cuts,” one economist said

16 Dec 2023
<p>Royal Exchange, City of London</p>
Business

Former Quaglino's boss to open new City venue at the Royal Exchange

Des Gunewardena to make return to London restaurant scene next Spring

15 Dec 2023
<p></p>
Business

The City to open its first office in the United States

It has not been decided whether the office will be in New York or Washington and it is not likely to open until 2025

14 Dec 2023
<p>Bank of England Governor Andrew Bailey</p>
Business

Bank of England leaves interest rates on hold at 5.25%

Decision keeps the cost of borrowing at its highest level since 2008

14 Dec 2023
<p>Financial markets were swigging the Christmas sherry today after Fed chairman Jerome Powell effectively declared an end to the painful cycle of monetary tightening that has put a dampener on the global economy for two years now (James Manning/PA)</p>
Business

Rate cut hopes have City in party mood, but beware inflation hangover

City Comment: The inflation genie is not yet fully back in the bottle

14 Dec 2023
<p>Two steps forward in September, now three steps back in October</p>
Business

Another GDP slump — Where's the 'Brexit dividend' we were promised?

City Comment: Rishi Sunak's Government has failed to offer a vision of how a post-Brexit Britain can thrive and prosper

13 Dec 2023