Wilko: Over 200 job cuts confirmed after M2 Capital drops out of bidding race August 31, 2023 Administrators for Wilko confirmed today that over 200 jobs will be lost after M2 Capital's bid to buy the entire group timed out this morning.
UK to avoid recession but inflation won’t return to Bank of England target until end of next year April 28, 2023 Britain is poised to dodge a recession this year, but inflation will not return to the Bank of England’s two per cent target until the end of next year, new forecasts out last night revealed. The fresh projections from consultancy PwC add to the growing body of organisations who have canned their prediction that the [...]
Covid unicorn Hopin enters liquidation as it moves head office to US February 26, 2024 Tech unicorn Hopin, which was once worth $7.75bn, has entered liquidation less than a year after it sold off its titular events platform.
Holy High Court: Vatican’s historic trial over West London property begins June 26, 2024 In a hot and busy courtroom in London the legal parties for the Vatican and a City financier set out their arguments as the two week trial kicks off
UK law firms see billable hours fall as sector struggles with inflation October 16, 2023 The UK’s biggest law firms are concerned by a fall in billable hours this year as they struggle to cover cost pressures from inflation through pricing, according to a survey obtained by the Financial Times. PwC’s annual law firm survey, which City A.M. understands will be published on Tuesday, reportedly notes a slowdown in mergers [...]
Mid-market M&A remains resilient as UK market hopes for deal surge July 20, 2023 Mid-market deal activity in the UK has remained resilient despite a fall in the overall level of deals year-on-year, according to new data from Big Four firm PwC. In the first half of the year mid-market deals worth less than £1bn increased 1.8 per cent in the UK as smaller deals remained easier to finalise [...]
HMV owner finalising deal to save majority of Wilko stores, reports say September 1, 2023 Thousands of jobs could be saved at collapsed retailer Wilko as the owner of HMV finalises a deal to buy hundreds of stores. A bid to buy the entirety of the business fell through on Thursday, leading to the first wave of redundancies affecting support centre and warehouse staff. But administrator PwC said that discussions [...]
PwC bags £2.5m government contract to oversee PPE audit January 12, 2021 Accounting giant PwC has landed a £2.5m contract to oversee an audit of the government’s procurement of personal protective equipment (PPE) during the pandemic, following a scathing report from the UK’s spending watchdog. The Department of Health and Social Care (DHSC) yesterday published details of a £2.5m contract with the UK’s largest accounting and advisory [...]
London Stock Exchange: Why it’s not all doom and gloom for the City’s embattled bourse October 12, 2023 The London Stock Exchange has shown signs of life as new figures showed the capital topped European rivals in terms of cash raised by listed companies.
Wilko brand set to be bought by The Range as carve up continues September 13, 2023 The Range is poised to buy the brand and intellectual property of Wilko, as the collapsed high street store continues to be carved up by competitors.