Peston briefly worked as a stockbroker at Williams de Broë, 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. 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 He became close friends with fellow journalist, now PR man,
Roland Rudd, with the two being known as "The Pest and the Rat". His last position at the
FT was Financial Editor (in charge of business and financial coverage). In 2002, he joined
The Sunday Telegraph as City editor and assistant editor. He became associate editor in 2005. 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
2008 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." On 28 August 2009, Peston had a highly publicised row with
James Murdoch, following the latter's MacTaggart lecture. In 2010–2011, he repeatedly broke stories relating to
News International's
involvement with phone hacking at times which were perceived as advantageous to the company, this, combined with his relationship with senior News International figures, led to articles and comments regarding his close relationship to the organisation. In 2010 Peston founded
Futures for All (formerly Speakers for Schools), 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. On 4 October 2015, it was announced that Peston would leave the BBC to join
ITV News as their Political Editor, replacing
Tom Bradby who became the main presenter of
News at Ten. Peston made his last appearance on
BBC News on 25 November 2015, and his first appearance on ITV's
News at Ten on 11 January 2016. He had a significant scoop in April 2016, when Prime Minister
David Cameron stated in an interview he had profited from his father's offshore
Blairmore Holdings trust, after information about the trust had been disclosed in the
Panama Papers release. In 2018, the programme moved to a Wednesday night timeslot, rebranded as
Peston. In December 2019, Peston apologised for incorrectly tweeting, without verification, that a Labour activist had punched a Conservative Party adviser. Footage was soon released showing that this was not true; he later apologised for his remarks and retracted them. In 2020, he said that
Boris Johnson's government had become
socialistic, and was "more
Castro than Castro". ==Awards==