Robert Peston

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Robert Peston
Robert Peston, June 2007.jpg
Born Robert James Kenneth Peston
(1960-04-25) 25 April 1960 (age 54)
Nationality British
Education Balliol College, Oxford;
Université Libre de Bruxelles
Occupation Journalist, author,news and TV presenter
Employer BBC
Known for Economics editor of BBC News
Spouse(s) Siân Busby (1998–2012;her death)[1]
Children Maximilian
Simon (step-son)
Relatives Maurice Peston, Baron Peston (father)
Lady Peston, née Helen Conroy (mother)
Robert Peston's voice
Recorded November 2007 from the BBC Radio 4 programme File on 4

The Hon. Robert James Kenneth Peston (born 25 April 1960) is a British journalist. From February 2006, he was the Business Editor for BBC News. He became known to a wider public with his reporting of the late-2000s financial crisis, especially with his scoop on the Northern Rock crisis. On 17 October 2013, he was appointed as Economics Editor for BBC News but continued as Business Editor as well until his replacement Kamal Ahmed took over the post on 24 March 2014.[2]

Early life and education[edit]

Peston is the son of economist and Labour Peer Maurice Peston and Helen (Conroy). As the son of a peer he is entitled to the courtesy title "The Honourable" but does not use it. Peston attended Highgate Wood Secondary School, in Crouch End, North London,[3] graduated from Balliol College, Oxford in 1982 and then studied at the Université Libre de Bruxelles.

Career[edit]

Peston briefly worked as a stockbroker at Williams de Broë,[4] becoming a journalist in 1983 at the Investors Chronicle and joining The Independent newspaper on its launch in 1986. From 1989 to 1990 Peston worked for the short-lived Sunday Correspondent newspaper as Deputy City Editor, before being appointed City Editor of the Independent on Sunday in 1990.[5]

From 1991 to 2000, he worked for the Financial Times. At the FT, he was – at various times – Political Editor, Banking Editor and head of an investigations unit[5] (which he founded). During his time as Political Editor he memorably fell out with the then Downing Street Press Secretary Alastair Campbell who regularly mimicked Peston's habit of flicking back his hair and once responded to a difficult question with the words: "Another question from the Peston school of smartarse journalism."[6] His last position at the FT was Financial Editor (in charge of business and financial coverage).[5]

In 2000, he became editorial director of the online financial analysis service Quest,[5] owned by the financial firm, Collins Stewart. At the same time, he became a contributing editor of The Spectator and a weekly columnist for the Daily Telegraph. In 2001, he switched allegiance from the Telegraph to the Sunday Times, where he wrote a weekly business profile, Peston's People, and left The Spectator for the New Statesman, where he wrote a weekly column.[7] In 2002, he joined The Sunday Telegraph as City editor and assistant editor. He became associate editor in 2005.[5]

Peston reporting for the BBC in 2009

In late 2005, it was announced that Peston would succeed Jeff Randall as BBC Business Editor, responsible for business and City coverage on the corporation's flagship TV and radio news programmes, the BBC News Channel, its website and on Radio 4's Today.[8]

While no impropriety on the part of Peston was implied, it was claimed in The Observer[9] on 19 October 2008 that the Serious Fraud Office (SFO) could enquire into the source of one of Peston's scoops which, in September 2008 in the fraught atmosphere of the global financial crisis, revealed that merger talks between HBOS and Lloyds TSB were at an advanced stage. In the minutes before the broadcast, buyers purchased millions of HBOS shares at the deflated price of 96p; in the hour following it, they could be sold for 215p. The Conservative MP Greg Hands had written to the SFO about this.

On 4 February 2009, Peston appeared as a witness at the House of Commons Treasury Select Committee, along with Alex Brummer (City Editor, Daily Mail), Lionel Barber (editor of the Financial Times), Sir Simon Jenkins (The Guardian) and Sky News Business Editor Jeff Randall to answer questions on the role of the media in financial stability and "whether financial journalists should operate under any form of reporting restrictions during banking crises".[10]

On 28 August 2009, Peston had a highly publicised row with James Murdoch, following the latter's MacTaggart lecture.[11][12] More recently, he has repeatedly broken stories relating to News International's involvement with phone hacking at times which were perceived as advantageous to the company, leading to criticisms that he has become a Murdoch stooge.[13][14]

Peston is the founder of Speakers for Schools,[15] a pro-bono education venture which organises speakers from the worlds of business, politics, media, the arts, science, engineering and sports to give talks for free in state schools.

On 17 October 2013, Peston was appointed Economics Editor of BBC News, replacing Stephanie Flanders who was appointed as Chief Market Strategist at JP Morgan Asset Management.[2]

Awards[edit]

Peston has won the Harold Wincott Senior Financial Journalist of the Year Award (2005), the London Press Club's Scoop of the Year Award (2005), Granada Television's What the Papers Say award for Investigative Journalist of the Year (1994) and the Wincott Young Financial Journalist of the Year (1986).

At the Royal Television Society's Television Journalism Awards 2008/09 Peston won both "Specialist Journalist of the Year" and "Television Journalist of the Year" for his coverage of the credit crunch and a string of 'scoops' associated with it.[16] Also, his scoop on Lloyds TSB's takeover of HBOS won the Royal Television Society's "Scoop of the Year" award. He was voted Best Performer in a Non-Acting Role in the Broadcasting Press Guild's 2009 awards[17] and Business Journalist of the Year in the London Press Club's 2009 awards.[18] In the 2008 Wincott Awards, he won the Broadcaster of the Year Award and he won the online award for his blog.

In 2009, he was named Political Journalist of the Year in the Political Studies Association Awards, and he topped polls of the general public and journalists carried out by Press Gazette to find the highest rated finance and business journalist.

Peston's scoop on Northern Rock seeking emergency financial help from the Bank of England won the Royal Television Society's Television Journalism Award for Scoop of the Year in the 2007/8 awards and the Wincott Award for Business News/Current Affairs Programme of the Year. He was Journalist of the Year in the Business Journalism of the Year Awards for 2007/08, and also won in the Scoop category.[19]

Peston won the Work Foundation's Broadcast News Journalism Award and the Foundation's Radio Programme of the Year Award (for his File on 4, "The Inside Story of Northern Rock").[20] His blog won the digital media category in the Private Equity and Venture Capital Journalist of the Year Awards.[21]

In 2011, he was honoured as a Fellow of Aberystwyth University in recognition of "his success in journalism, his insightful writing and his contribution to the local community".[22]

Delivery style[edit]

Peston's delivery on radio and television news has attracted comment. The Times described his style as "ragged and querulous",[23] and more recently "rambling" and "excruciatingly hard to listen to".[24] The Telegraph identifies "strangulated diction" and "repetition of small words" among his traits; in the same article, maintaining he is "loads better than [he] was", Peston himself conceded he is "still not as polished as some".[25] His characteristic mannerisms have been well-observed by impressionist Rory Bremner.[26] Peston has stated "I am not going to endeavour to become somebody hugely smooth and polished."[27]

Books[edit]

Peston at Nightingale House, London February 2014

Peston published his biography of Gordon Brown Brown's Britain in January 2005. It details the rivalry between Gordon Brown and the then Prime Minister Tony Blair. Brown's Britain was described by Sir Howard Davies, former director of the London School of Economics, as "a book of unusual political significance". The cover of the book describes how "Peston was given unprecedented access to Gordon Brown and his friends and colleagues". Having told Brown's side of the Blair/Brown power struggle, it is believed that Peston has used the relationship then built up with Brown for many of his later financial news story "scoops" at the BBC.

In February 2008, Hodder & Stoughton published Peston's book, Who Runs Britain? How the Super-Rich are Changing our Lives. In The Guardian, Polly Toynbee said of it: "Reading Peston's book, you can only be flabbergasted all over again at how Labour kowtowed to wealth, glorified the City and put all the nation's economic eggs into one dangerous basket of fizzy finance."[28]

His latest book How Do We Fix This Mess? The Economic Price of Having it All and the Route to Lasting Prosperity was published by Hodder & Stoughton in September 2012. The Observer described it as "A must read...mandatory reading for anyone who wants to have a voice in where we go from here".

Personal life[edit]

Peston was married to the writer Siân Busby, who died in September 2012 from lung cancer after a long illness.[29] Peston has a son (Maximilian) and a step-son (Simon).

He lives in Muswell Hill, north London. After a domestic burglary in December 2012, Peston made an appeal for the return of rings that had belonged to his late wife. Peston said: "It's an incredibly distressing time, especially so soon after losing Sian. It's not about the monetary value, it's about the sentimental value. The rings are irreplaceable and they mean a lot to me."[30]

Peston has described himself as "culturally Jewish".[31] He supports Arsenal F.C.[32]

References[edit]

  1. ^ "Obituary: Siân Busby". Telegraph.co.uk. 6 September 2012. Retrieved 16 September 2014. 
  2. ^ a b "Robert Peston to become BBC economics editor". BBC News. 17 October 2013. Retrieved 24 October 2013. 
  3. ^ Grice, Elizabeth (24 January 2008). "Robert Peston: 'I'm not going to become smooth and phoney'". The Daily Telegraph (London). Retrieved 8 October 2008. 
  4. ^ White, D. (10 December 2005). "Peston in line as BBC voice of business". The Daily Telegraph (London). Retrieved 28 February 2009. 
  5. ^ a b c d e Silver, James (19 December 2005). "This man means business at the BBC". The Guardian (London). Retrieved 28 February 2009. 
  6. ^ "Robert Peston, thorn in Darling's side". The First Post. 8 October 2008. Retrieved 28 February 2009. 
  7. ^ "Robert Peston". BBC. 14 July 2006. Retrieved 28 February 2009. 
  8. ^ "He may sound like a Dalek doing a bad impression of Kenneth Williams, but why DO so many BBC stars want to exterminate Pesto?". Daily Mail (London). 18 November 2011. 
  9. ^ Toby Helm. "SFO probe". the Guardian. Retrieved 16 September 2014. 
  10. ^ Treasury Committee Treasury Committee: Press List
  11. ^ Adam Benzine "Murdoch, Peston in Edinburgh bust-up", C21 Media 29 August 2009
  12. ^ Leigh Holmwood and James Robinson "BBC's Robert Peston in furious face-to-face row with James Murdoch", The Observer 30 August 2009
  13. ^ "BBC's Robert Peston Is Conduit For Murdoch Leaks Undermining Cop Inquiry Into Corruption". Ian Bone. Retrieved 16 September 2014. 
  14. ^ Burrell, Ian (13 July 2011). "BBC in a spin over Robert Peston's inside track to News International". The Independent (London). 
  15. ^ "Speakers for Schools". Retrieved 16 September 2014. 
  16. ^ RTS Website,(Retrieved 6 March 2009)
  17. ^ "Broadcasting Press Guild Website". Broadcasting Press Guild. Retrieved 16 September 2014. 
  18. ^ London Press Club Website, (Retrieved 1 May 2009)
  19. ^ "Robert Peston". BBC. 2009. Retrieved 28 February 2009. 
  20. ^ "Winners of the Workworld media awards announced". The Work Foundation. 28 January 2008. Retrieved 21 April 2009. 
  21. ^ "BVCA Private Equity and Venture Capital Journalist of the Year Award Winners". BVCA. Retrieved 21 April 2009. 
  22. ^ "Robert Peston honoured as Fellow". Aberystwyth University. Retrieved 3 September 2013. 
  23. ^ "Peston criticised by The Times". Retrieved 16 September 2014. 
  24. ^ "Peston criticised again by The Times". Retrieved 16 September 2014. 
  25. ^ "Robert Peston Interview". Telegraph.co.uk. 24 January 2008. Retrieved 16 September 2014. 
  26. ^ "Bremner, Bird and Fortune: Silly Money". Telegraph.co.uk. 1 November 2008. Retrieved 16 September 2014. 
  27. ^ Cheryl loses TV crown to, er, BBC news manthelondonpaper, 27 March 2009
  28. ^ Toynbee, Polly (19 February 2008). "Labour's election hopes rely on things they don't control". The Guardian. Retrieved 28 February 2009. 
  29. ^ "Robert Peston – Leave of absence". BBC. 5 September 2012. Retrieved 5 January 2014. 
  30. ^ Marsden, Sam. (20 December 2012) BBC business editor Robert Peston appeals for return of late wife's stolen rings. The Daily Telegraph. Retrieved on 12 August 2013.
  31. ^ "Robert Peston: The BBC reporter who means business - The Jewish Chronicle". Retrieved 16 September 2014. 
  32. ^ "BBC biography". BBC. Retrieved 5 January 2014. 

External links[edit]

Media offices
Preceded by
Jeff Randall
Business editor of BBC News
2006–2014
Succeeded by
Kamal Ahmed
Preceded by
Stephanie Flanders (Huh Pym Acting)
Economics editor of BBC News
2013 – present
Succeeded by
Incumbent