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The Latest Breaking News from PwC

Morrisons edges closer to McColl's purchase as thousands of jobs to be saved

Morrisons hope to take control of the McColl's Retail Group's workforce of over 15,000 staff in the UK

Daily Record

Morrisons beats Asda-owning billionaire Issa brothers to rescue McColl's and save all 16,000 jobs

An initial offer from Morrisons had been rejected last week

Birmingham Post

Morrisons wins race to buy McColl’s ahead of Asda owners

All 16,000 staff of struggling convenience store chain will be transferred to the supermarkets group

The Guardian - UK

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Morrisons set to win battle for bust McColl’s

Rival bids emerged over the weekend

Evening Standard

Fears in Carlton potential closure of McColl's would have a 'big impact' on the high street

'It’s such a shame'

Nottingham Post

Asda's owners swoop in with attempt to beat Morrisons to McColl's rescue deal

The Issa brothers have lodged a bid to acquire the convenience chain

Liverpool Echo

Asda-owners attempt to beat Morrisons to McColl's deal after administration confirmed

Administrators PwC intending to sell the business to a third party 'as soon as possible'

Insider UK

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Asda-owning billionaire Issa brothers attempting to beat Morrisons to McColl's deal after administration confirmed

PwC is intending to sell the business to a third party 'as soon as possible'

Birmingham Post

‘Unacceptable and embarrassing’: Sorrell criticises S4 Capital results delay

Founder vows to make changes to structure after almost $1bn wiped off advertising group’s share price

The Guardian - UK

Everything we know so far about Bristol's Climate Action Plan one year on

Data shows which companies have increased their emissions

Bristol Post

PwC offers UK staff shorter Friday work hours for summer

Accountancy firm extends its flexible-work ‘deal’ to woo staff after popular trial last summer

The Guardian - UK

Lessons For Elon Musk: 5 Notorious Failed Hostile Takeovers

As any student of industry knows, Elon Musk is hardly the first person to attempt a hostile takeover.

Benzinga

Civil unrest due to rising energy bills ‘isn’t far away’, says Martin Lewis

Money saving expert says UK government must do more to ensure people can heat homes and have enough food

The Guardian - UK

John Pye auctioning off ex-display Sofa Workshop stock

Auction house will also handle the sale of Sofa Workshop’s trading name, website and further intellectual property

Birmingham Post

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news in one place.

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Evening Standard

PwC slashes UK growth forecast as Deutsche Bank warns of recession risk

Report is echoed by investment bank Deutsche that insists risk of recession’ remains on the rise

The Independent UK

UK households ‘face record £900 income hit this year’

The PwC economic outlook warns that inflation could peak at 11% in 2022 if the Ukraine crisis worsens.

The Guardian - UK

Twitter shares jump as Elon Musk takes 9.2% stake; UK household income squeeze ‘to tighten’ – as it happened

Rolling coverage of the latest economic and financial news

Birmingham Post

Sofa Workshop collapses into administration with loss of 77 jobs

All existing orders will be fulfilled , say appointed administrators at PwC

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news in one place.

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Insider UK

Sturgeon defends pay package and rushed procurement of former shipyard CEO

Scottish Labour said his daily rate was nearly £3,000 a day and asked the First Minister if she had been signing Lionel Messi

The Guardian - UK

Share price of Martin Sorrell’s S4 Capital fall again after auditor delay

PwC’s postponement of financial audit without reason fuels further fall after 36% slump on Wednesday

Evening Standard

The City was never going to lose that many jobs to Brexit

City Comment: PwC predictions on Brexit were miles off

Newsroom.co.nz

Strange but true: insolvencies plummet in a global pandemic

Judging purely from the liquidation and bankruptcy figures, there’s never been a better time to run a business than at the height of a global pandemic.

Wales Online

PwC set to locate cyber security operation in Cardiff in major jobs boost

The firm is currently looking for an up to 100,000 sq ft office in the capital in what will be a major investment

Birmingham Post

PwC set to create hundreds of new jobs in Cardiff in major investment boost

The professional advisory firm is assessing locations in the city for a cyber security focused investment with an office requirement for up to 100,000 sq ft

Birmingham Post

West of England set to grow faster than any other UK region in 2022, PwC report finds

Bournemouth and Swindon were ranked in the top three cities for growth on a list of 50 from around the country

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