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The Latest Breaking News from PwC

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 Independent 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

The Guardian - UK

Sofa Workshop collapses into administration with loss of 77 jobs

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

Birmingham Post

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read the most diverse news in one place.

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

Insider 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

The Guardian - UK

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

City Comment: PwC predictions on Brexit were miles off

Evening Standard

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.

Newsroom.co.nz

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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

Wales Online

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

Birmingham Post

Priorities for ‘good growth’ in Scotland shift after pandemic

Global city index sees shifting fortunes for Edinburgh, Glasgow and Aberdeen during 2021

Insider UK

South West named top UK region for women to work in

The PwC study also found the Covid-19 pandemic exacerbated gender inequalities

Birmingham Post

Covid pandemic has set back progress of women in workplace by two years, report finds

Women far more likely to look after kids when childcare closed during lockdown

Belfast Live

Former energy minister leaves board of Russian metals giant as exodus continues

Lord Barker, who served under David Cameron, will step down after a transition.

The Independent UK

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The Guardian - UK

Big four accountancy firms cut off businesses in Russia and Belarus

EY and Deloitte join KPMG and PwC in separating Russia operations in response to Ukraine invasion

The Guardian - UK

German chancellor Scholz pushes back against Russian energy import ban, as oil and gas climb – as it happened

Rolling coverage of the latest economic and financial news

Insider UK

New deals leader named at PwC Scotland

He replaces Jason Morris, who was recently appointed regional market leader for the firm

Birmingham Post

Net shop closure rate in Wales reaches six year high

An analysis of multiple retailers undertaken by PwC show a total closure rate of 4.4%

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news in one place.

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Birmingham Post

More than 1,500 South West chains closed in 2021, study finds

But the PwC analysis suggested vacancy rates in the region were beginning to stabilise

Birmingham Post

PwC advised on business deals in Wales with a value £700m in 2021

A major deal included the acquisition of Caerphilly-based BBI Solutions by Danish firm Novo Holdings

AAP

Services firm plans big SA operation

A new facility in Adelaide for professional services firm PwC Australia will grow its workforce to 2000 over the next five years.

Insider UK

PwC plans to hire 100 staff to expand Scottish financial services practice

New recruits will come at all levels and represent a 10% increase in staffing

Evening Standard

Goldman, PwC and KPMG lead City’s return to the office after Plan B scrapped

Inner London businesses are set for “bounce back” Monday next week as thousands of city workers return to the office.

Birmingham Post

Watchdog extends probe into PwC audit of defence giant Babcock

Financial Reporting Council wants to see accounts for 2019 and 2020 as part of investigation into audit of operator of Devonport and Rosyth dockyards

Evening Standard

PwC faces extended FRC investigation into Babcock audit work

A probe into PwC’s work with Babcock has been extended after the defence giant was forced to take major write-downs last year.

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