PwC to challenge staff business trips in move to reach net zero target December 9, 2023 PwC has introduced a programme that will challenge the type of travel staff will take for business trips, in a move to reduce its carbon footprint. According to the Financial Times, senior UK staff were informed that only people travelling on long-haul night flights or those flying for business-critical reasons would be allowed to sit [...]
City accountancy firms KMPG, PwC, EY and Forvis Mazars react to audit watchdog overhaul July 17, 2024 All "welcomes" from the sector that it set to see its audit watchdog overhauled and reformed into a new regulator, which will have additional powers at its realm
PwC Australia cuts over 300 jobs following tax leak scandal November 8, 2023 Pricewaterhouse Coopers (PwC) Australia on Wednesday announced hundreds of job cuts citing a slowing economy and the after-effects of a national scandal over leaked tax documents as a major audit client cut ties with the firm. The audit and consulting major has been under fire this year after revelations a former partner leaked government tax [...]
Inflation to fall fast in 2024 helping UK economy to ‘turn a page’, PwC predicts December 28, 2023 Barret Kupelian, chief economist at PwC said 2024 will be "the year the UK turns a page" thanks to falling inflation.
PwC UK profit drops against backdrop of ‘political and economic upheaval’ August 23, 2023 PwC UK reported a drop in annual profit against what it said was “a backdrop of political and economic upheaval”. The Big Four firm revealed its total group consolidated profit fell to £1.3bn for the financial year to 30 June, down from £1.5bn last year. It said, however, the previous year included a “one-off gain” [...]
Persimmon appoints PwC veteran as new CFO after housebuilding improvement and share rally November 8, 2023 Persimmon has chosen Andrew Duxbury to become its chief financial officer amid a rally for homebuilders as market conditions show signs of improvement.
Wilko ‘not out of the woods’ yet as redundancies suspended while PwC mulls bids August 29, 2023 Wilko has suspended all redundancies while its administrators PwC consider further bids, GMB Union has said. The union met administrators of PwC this morning to discuss multiple bids which have been made for the discount retailer. “Whilst this is a positive development, Wilko is not out of the woods by any means and this is [...]
UK bosses much more optimistic about 2024 than last year, PwC survey suggests January 15, 2024 PwC's annual global CEO survey showed that 39 per cent of UK bosses expect the economy to improve in 2024, up from just nine per cent last year.
PwC Australia: Firm appoints new CEO as tax leak scandal roars on June 25, 2023 PwC’s Australian business is set to offload a government services division that has dragged the firm into weeks of lurid front-page headlines. The down under branch of the consulting firm is selling its public sector advisory business to a private equity firm Allegro for $1, and bringing in a new CEO of the overall business [...]
PwC invests $1bn in AI tools – but insists jobs are safe April 27, 2023 PwC will invest $1bn to develop AI tools for its staff to use across its audit, tax and consulting services in its American business, but has insisted that it won’t lead to job losses. The Big Four accountant will work with the creator of ChatGPT, Microsoft-backed OpenAI, to develop generative tools, which it hopes will [...]