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The Latest Breaking News from PwC

Qantas, PwC, Rio Tinto, Crown, the banks — something is rotten in Australian business

Qantas now joins the long list of Australian companies that thought they were immune from the consequences of their contempt for the community. There are plenty of others.

Crikey

More than 1,300 jobs to go as 52 Wilko stores shut down

Doomed branches to be named tomorrow as administrators try to save majority of jobs and shops

The Guardian - UK

Wilko: B&M strikes deal to buy 51 stores for up to £13m

Poundland, Home Bargains and The Range also in talks to snap up some of stricken retailer’s outlets

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Wilko: rescue deal to save many stores at risk over supplier debts

Big suppliers want debts paid upfront in order to guarantee supplying shops

The Guardian - UK

Meet Hilco, the firm behind the scenes at Wilko failure and other high street collapses

Restructuring specialist made its name through dealings with some of best-known British retailers

The Guardian - UK

John Farnham gives Voice to the Voice

‘You’re the Voice’ will be the Yes campaign’s anthem after John Farnham said he hoped the song that changed his life could change the lives of First Nations peoples for the better, and Labor has left more than 2000 Senate questions unanswered.

Crikey

PwC’s multimillion-dollar ‘voice to Parliament’

Who needs an Indigenous Voice to Parliament when PwC will provide advice on Indigenous issues for a mere $44m?

Crikey

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Consultancy firm used ‘power maps’ of Australian officials to help win government contracts

Accenture’s Peter Burns tells Senate the documents identifying key decision-makers and influence leaders have been used to tender for work

The Guardian - AU

Is Pizza Hut stuffed?

Pizza Hut UK is fighting to avoid the fate that has befallen many once-beloved high street chains as it grapples with mounting debts brought on by soaring food inflation and the cost-of-living crisis.

The Week

Wilko job cuts to begin on Monday with support staff to be laid off after full rescue deal fails

Monday will be the last day of work for Wilko’s commercial trading team, IT, finance, Legal and HR. For those at distribution centres, redundancies will start next week

Evening Standard

What is Australia’s most hated company? A Crikey form guide

From Qantas to News Corp to the big four banks, which company do Australians hate the most? Check out our form guide and let us know which corporate titan really gets your goat.

Crikey

‘A Morrison glove puppet’: Labor must nuke AUKUS and its bleak future

Labor hasn’t lived up to the promise of the ethical, honest and energetic government Australia voted for, Crikey readers say.

Crikey

Wilko closures and job losses on hold as administrator considers rescue bids

Restructuring specialist M2 makes potential offer alongside HMV owner Doug Putman

The Guardian - UK

Wilko job cuts ‘suspended’ after union calls for urgent government talks

A spokesperson for the union said it was not yet clear how long the suspension might last

Evening Standard

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The Guardian - UK

Wilko: union seeks urgent meeting with business secretary over administrators

GMB asks Kemi Badenoch to ensure PwC considers all bids for collapsed retailer as 12,500 jobs are at stake

Tom’s Guide

5 astonishing uses of AI happening right now

From making medical discoveries to changing the way we play games, generative AI is recreating our world

The Guardian - UK

Wilko administrators urged to accept rescue deal after second bid

Last-minute white knight bid worth £90m from M2 Capital follows earlier offer from owner of HMV

The Guardian - AU

PwC urged Labor to delay multinational tax transparency laws, Senate submissions reveal

The firm joined the other big four consultancies in calling for the world-leading regime to be postponed or watered down

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The Guardian - UK

HMV owner makes last-ditch bid to rescue Wilko

Proposal by Doug Putman could save 350 stores and 10,000 jobs as union calls for employees to be prioritised

The National (Scotland)

Majority of Wilko stores to close 'within weeks' - see all the stores at risk

The GMB Union has revealed the majority of Wilko stores will close "within weeks" - see the 408 sites currently in the UK that could be…

Crikey

Was Anthony Albanese wrong to seek a PwC internship for his son?

A parent’s impulse to help their child is understandable, but it reflects poorly on the prime minister’s judgment.

Crikey

Albanese promised to enact multinational tax measures. Nothing’s happened

Multinationals with something to hide benefit from reducing tax transparency, and lobbyists are pushing for weaker legislation.

Newsroom.co.nz

Ruapehu administrators deny iwi relations blame

PWC says statements in a Government apology over the Ruapehu sales process weren't correct, reports Andrew Bevin

Evening Standard

Relax, lawyers and accountants. AI isn’t going to take your jobs

City Comment: The human contact and trust at the heart of professional services is still far from being replaced by a chatbot

The Guardian - UK

PwC partners to be paid £906,000 this year

Payment to more than 1,000 UK workers is slight fall on last year’s £1m record as profits decline despite rising revenues

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