Bah humbug! PwC staff to work an extra day this Christmas November 30, 2020 Staff at big four auditor PwC will have to work an extra day this Christmas in light of challenges brought about by the coronavirus pandemic. PwC staff are usually offered an extra day off at Christmas time, but this year the giant told staff it would not be able to offer such a perk. The [...]
2023 Winners August 16, 2024 Six London-based companies and one volunteering champion emerged triumphant in 2023’s Lord Mayor’s Dragon Awards, held by the City of London Corporation at Mansion House to recognise London-based companies for their commitment to responsible business and social impact. The winners were Standard Chartered Bank, St George, 10x Banking, Mediorite & PwC, Tempo Time Credits, Dot [...]
Wilko: B&M snaps up 51 stores of beleaguered retailer for £13m September 5, 2023 B&M has confirmed that it will buy 51 Wilko stores for £13m following the highstreet stores collapse. The rival discount chain, which has over 700 sites across the UK, did not mention how many job roles would be saved in the process. On the sale, its share price was down more than three per cent [...]
FTSE 350 firms could face double the cost to offset carbon by 2030 May 30, 2023 The cost of carbon offsetting could more than double for businesses by the end of the decade, according to new research. A report published by PwC found that FTSE 350 companies reported £38m in voluntary carbon offset purchases in 2022, but that this could increase by over 256 per cent to £135m within a decade. [...]
Audit fees for London-listed firms skyrocketed by 75 per cent since 2017 February 26, 2024 Over the last five years there has been a significant increase in the fees paid by London-listed companies to auditing firms, due to the increase in both financial reporting requirements and auditing standards. According to a report by the Quoted Companies Alliance, its sample of 220 listed companies across the main market, AIM and Aquis, [...]
The Pensions Regulator investigates Wilko family dividends September 24, 2023 The Pensions Regulator is scrutinising the dividends withdrawn from Wilko as part of an inquiry into the high street discount chain’s downfall. The chain collapsed in August, putting over 12,000 jobs at risk, and now family shareholders are facing pressures to fill a £56m deficit in its pension fund, the Sunday Times has reported. It [...]
See you in court: keep an eye out for the most interesting cases in 2024 December 28, 2023 Coming soon: Alleged confidential leaks, missing aircraft in Russia and alleged negligence by a Big Four accountancy firm
UK firms see audit costs climb as fines and skills shortage push up auditors fees August 7, 2023 The total amount in audit fees paid by the UK’s largest 500 companies has risen by 14 per cent in the past year, according to new data. The value of audit fees paid by these firms rose from £1.12bn to £1.27bn for the 2021/22 financial year, according to new research by Thomson Reuters. It said [...]
Wilko to shut final shops for good after dramatic collapse October 7, 2023 Wilko is set to shut the doors of its last high street shops for the final time as the collapse of the 93-year-old retailer comes to a close.
UK gender pay gap widens as childcare costs worsen ‘motherhood penalty’ March 7, 2023 The UK’s gender pay gap has widened as sharp increases in the cost of childcare has worsened a “motherhood penalty”, pricing many women out of work altogether, according to a new report. The nation’s average pay gap widened by 2.4 percentage points to 14.4 per cent in 2021, accountancy giant PwC found in its Women [...]