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The Latest Breaking News from PwC

What Impact Will A Recession Have On Crypto?

Bitcoin (CRYPTO: BTC) rallied almost 10% yesterday after reaching $20,100, as the Federal Reserve announcement of a 75 bp rate hike resulted in a short squeeze. Although a 50 bp hike was anticipated for many weeks, last Friday’s inflation data forced the market to price in a more aggressive hike…

Benzinga

Business leaders think customers "highly trust" them. They don't

87% of business leaders "think customers highly trust their companies," but only 30% of consumers actually do.

Axios

Shared branch banking firm strengthens leadership team

Scottish fintech firm hires new chief operating officer and non-executive director

Insider UK

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

PwC whacked with £5m in fines over botched audits

PwC has been hit with fines totalling £5 million for duff audits of Galliford Try and Kier Group, the latest blow to a scandal-torn sector.

Evening Standard

PwC fined total of £5m over Galliford Try and Kier audits

Accounting firm failed to adequately scrutinise long-term contracts at construction companies, says FRC

The Guardian - UK

PwC and employee fined more than £5m over Kier and Galliford Try audits

The accountancy firm is also facing "severe reprimands", according to the financial regulator

Birmingham Post

Morning mail: ‘shocking’ rate of aged care sexual abuse, Queen ‘humbled’ by support, June tunes

Monday: Peak rights group for older Australians demands urgent action. Plus: Rafael Nadal wins his 14th French Open

The Guardian - AU

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PwC told client it could cut Australian tax by $70m, court documents in privilege fight show

The Australian Tax Office is auditing Brazilian meat processor JBS over tax restructure

The Guardian - AU

The Great Resignation still dominates the workplace, so why aren’t some employers taking note?

Despite the 'Great Resignation', employers still have yet to recognize that Covid-19 has changed the workplace for good

Birmingham Post

New Zealand Rugby to sign commercial deal with Silver Lake

New Zealand Rugby has been given approval to sign a ground-breaking deal with private equity firm Silver Lake which will bring a cash windfall but which some observers fear may threaten the “special bond” between New Zealanders and the All Blacks national team

The Independent UK

Out of office? How working from home has divided Britain

More than a third of the UK’s office-based workforce is still working from home to the anger of some bosses – and politicians. Is hybrid working the new normal, or can firms tempt employees back full-time?

The Guardian - UK

Inside EY’s break-up plan: why it could radically reshape the Big Four

Splitting the audit and advisory businesses faces significant hurdles but other firms could follow

Financial Times

Nottingham City Council spending up to £500,000 on 'finance recovery programme'

It comes on top of the 'transformation programme' which also cost £500,000

Nottingham Post

One in five workers likely to switch jobs in next 12 months

A new survey also found that more than a quarter of employees plan to ask for a raise

The Independent UK

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Birmingham Post

Midlands office projects celebrated at 2022 BCO Awards

Quintet of schemes take home category prizes and will now go forward to national awards in October

Insider UK

Issa brothers missed out on rescuing McColl's, despite submitting higher offer

Timing of administration meant Morrisons was able to submit a bid with more preferable terms

Birmingham Post

Issa brothers missed out on rescuing McColl's despite submitting higher offer than winning £190m bid from Morrisons

PwC was officially appointed as administrators on May 9

ABC News

More than 90,000 South Australian public servants now involved in payroll data breach

South Australia's Treasurer says 13,088 current and former public servants more than previously thought had their personal information stolen in a cyber attack last year.

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news in one place.

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The Guardian - AU

Remote NT community not told about $5m contract to fix uranium in water supply

Laramba residents have no details of when treatment system will be ready and are forced to pay for bottled water while they wait

Birmingham Post

Environmental consultancy signs up for UK four-day week trial

All six of Tyler Grange’s UK offices - which employ 80 people - will take part in the pilot

Birmingham Post

Listed: Bosses at EY, Diageo, BBC, PwC among 29 of the UK's most powerful part-time workers

The 2022 Power List by flexible working agency Timewise highlights people who are building their careers while working part time

Daily Mirror

Rugby hero Ollie Phillips suffered depression then became record breaker after retirement

EXCLUSIVE: England Sevens great Ollie Phillips was once named World Player of the Year and has opened up on the challenges that followed his retirement from sport

Birmingham Post

Morrisons confirms deal to rescue McColl's and save all 16,000 jobs

Final bids had been submitted by Morrisons and EG Group ahead of the Sunday deadline

Bristol Post

Lord Alan Sugar attacks PwC's summer working hours as 'total joke'

The professional services firm, which employs hundreds of staff in Bristol, said cutting hours over the summer has a 'positive impact'

Birmingham Post

Lord Sugar slams PwC's shorter summer working hours as 'total joke'

The Big Four firm said the reduced hours had a 'positive impact' on staff wellbeing

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