UK house prices: Growth rate halves as south east faces ‘reality check’ September 18, 2019 The annual rate of growth of UK house prices has slowed to its worst rate since September 2012, according to public data released today, as prices in the south east plummeted. Average UK house prices grew just 0.7 per cent in the year to July, amounting to just half of June’s 1.4 per cent rise, [...]
PwC, Tesco, JP Morgan, British Science Association, NatWest, women in tech March 8, 2018 PwC is launching a new initiative today called Tech She Can, to get more women into technology-related jobs. The company is collaborating with 17 other corporations — ranging from Tesco to JP Morgan — to tear down barriers for women entering technology by creating what they dubbed a “tech talent pipeline”. Sheridan Ash, the PwC [...]
BT’s Italian accounting fraud linked to London, investigation reveals April 23, 2019 A criminal investigation into BT’s Italian division has uncovered a string of damning emails linking UK executives to alleged accounting fraud in the country. Emails seized by police and seen by Reuters appear to show that senior executives in the UK were involved in artificially inflating financial results for BT’s Italian business, despite the fact [...]
Big Four accountants face Australian competition probe February 13, 2019 The Big Four accountancy firms face fresh global pressure as an Australian probe investigates whether they have operated as a cartel in the country. The Australian Competition and Consumer Commission (ACCC) contacted Deloitte, EY, KPMG and PwC late last year to request information, in order to determine whether a full inquiry is needed, the Australian [...]
Budget 2020: What does the Red Box mean for UK tech firms? March 11, 2020 Chancellor Rishi Sunak today unveiled a raft of new fiscal measures as he vowed to deliver on the government’s promise of “levelling up” the UK. Sunak, who took over at No 11 just a month ago, put the coronavirus front and centre of his new policies as the number of cases continues to rise. But [...]
UK wage growth hits 11-year high despite shrinking economy August 13, 2019 Britons’ wages grew faster than at any time since the financial crisis in the three months to June, official figures showed today, despite the UK economy shrinking over the same period. Read more: Into the red: UK economy shrinks for first time in seven years Meanwhile, the number of UK workers without a job rose [...]
Financial Conduct Authority dawn raids nearly doubled in 2018 April 29, 2019 The number of dawn raids conducted by the Financial Conduct Authority (FCA) has almost doubled over the past year, from 13 in 2017 to 25 in 2018. Financial services regulatory consultancy Fscom said one of the drivers of the jump in raids was likely to be an FCA crackdown on unregulated investments. Read more: London [...]
Interserve share price dives after being landed with £40m bill from accountants PwC EY and consultants Oliver Wyman FTI Consulting April 30, 2018 Under-fire accountants and consultants are to net almost £40m in fees as troubled outsourcer Interserve pulls itself back from the brink. Big Four bean counters such as PwC and EY as well as management consultants FTI Consulting and Oliver Wyman were paid £13.9m during 2017 with a further £25m to be paid in 2018, it [...]
Ollie Phillips: George Ford’s Ireland performance gives Eddie Jones a World Cup selection headache August 29, 2019 I was busy getting married on Saturday so didn’t watch England against Ireland live, but it’s fair to say the best day of my life got even better when I saw the score. Watching the recording back after tying the knot I couldn’t help but be encouraged by what I saw. England are on fire [...]
Most acquisitions and divestments don’t maximise value – even when some dealmakers think they do March 27, 2019 Most acquisitions and divestments don’t maximise value – even when some dealmakers think they do. But acquirers who prioritise value creation at the onset outperform peers by as much as 14 per cent. Cass Business School provided the market analysis for a PwC and Mergermarket study of 600 global senior corporate executives which found that [...]