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The Latest Breaking News from PwC

Employees at TWO Scottish stores will see job losses as early as next week

ADMINISTRATORS for Wilko have revealed the locations of 52 stores which will close as early as next week resulting in more than 1000 job losses.

The National (Scotland)

Wilko reveals locations of London branches set to close next week

Administrators from PwC are still in talks with parties interested in buying the remaining parts of the business.

Evening Standard

Controversial new Tasmanian AFL stadium could add $226m a year to economy, report finds

But a parliamentary committee says there has been no evidence to bolster the key assumptions underpinning the business case

The Guardian - AU

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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

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

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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

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

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

The Guardian - UK

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

Tom’s Guide

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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

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…

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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

Fortune

Just 8% of CFOs strongly believe a recession is coming in the next six months

Companies in the U.S. are shifting from defense to offense, according to PwC.

Evening Standard

Wilko scammers lure in online shoppers with fake websites after chain collapses

Wilko has ended all online sales after it entered administration and shoppers can only buy in stores

The Guardian - AU

Anthony Albanese says ‘my son is not a public figure’ after questions about PwC internship

Reports claim PM discussed position with firm’s former government relations boss before Nathan Albanese went on to secure two-week, unpaid placement

The Guardian - AU

PwC charged health department to provide ‘risk management’ workshop in weeks before scandal

Exclusive: Consultancy firm ran event at Department of Health and Aged Care in December, days before former PwC partner was banned by tax advice regulator

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