Financial Times launches internal award for journalists

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The Financial Times has announced the launch of a new internal award for its journalists, offering a first prize of £5,000 and second prize of £2,000, funded by current and former reporters. In an announcement the FT said the Jones-Mauthner Memorial Prize, which will given annually for five years, will "recognise outstanding reporting of international affairs by an FT journalist under 40".

"This honour will encourage the tradition of excellence exemplified by its namesakes, the late JDF Jones and Robert Mauthner. Jones, who served as foreign editor and the first editor of FT Weekend, was the driving force behind the expansion of the FT’s foreign network of journalists, which today boasts over 600 correspondents in every corner of the globe.

"Mauthner was a distinguished Paris correspondent, diplomatic editor and European analyst."

Editor of the FT Lionel Barber added: "We value the contributions of our foreign network around the world, as well as our specialist reporters in London, and that is why we are pleased to offer recognition of the best of FT journalism in the tradition of JDF Jones and Bob Mauthner."

Barber will be one of five judges for the award, which will be given for the first time in May, the announcement adds.