PwC acquires London consultancy Pollen8 in bid to enhance innovation offering April 20, 2022 Big Four accountancy firm PwC has acquired tech-focused consultancy Pollen8. In a statement, the major auditor said its acquisition of the London-based consultancy will enhance its “technology innovation capability” and give it access to Pollen8’s “specialist innovation management platform”. Founded in 2016, Pollen8 describes itself as a “tech-led” innovation consultancy which uses “data-driven” analysis to [...]
London’s Royal Albert Docks: PwC liquidators brought in after Chinese firm severed from development deal July 14, 2022 Administrators have been called in to liquidate firms involved in a major regeneration project at the Royal Albert Docks. PwC appointed three joint liquidators for 23 firms within the east London site, after the China-based ABP Group failed to pay creditors over the last two years. Mayor Sadiq Khan tore up an agreement with ABP, [...]
PwC buys up Australia’s biggest tax advisor Greenwoods February 28, 2022 PwC has acquired Australia’s largest tax advisory firm, Greenwoods, as part of a deal which will see 15 Greenwoods partners and 50 Greenwoods staff join the Big Four accountancy firm. PwC said it had acquired specialist tax advisory firm Greenwoods & Herbert Smith Freehills, an affiliate of Silver Circle law firm Herbert Smith Freehills. The [...]
FRC slaps PwC and City partner Jonathan Hook with staggering £5m fine and severe reprimands June 7, 2022 The Financial Reporting Council said this morning the watchdog has fined auditor PricewaterhouseCoopers and one of its London partners more than £5m for their audit of two construction companies. The regulator said that PwC and audit engagement partner Jonathan Hook would also face severe reprimands. The fines are linked to the audit of Kier Group’s [...]
PwC announces separation of Russian firm in first Big Four exit March 6, 2022 Pricewaterhousecoopers (PwC) will no longer have a member firm in Russia, with the multinational due to announce its decision tomorrow to separate its Russian company from the rest of its global network in the wake of Putin’s invasion of Ukraine. The move by the Big Four giant will affect 3,700 partners and staff in Russia, [...]
PwC partners ready for £100k payout following £1.8bn sale of mobility services arm June 18, 2022 UK partners of PricewaterhouseCoopers (PwC) are set to get a hefty payout after the accounting giant sold its mobility services arm for $2.2bn (£1.8bn) earlier this year.
The Big Four plan to cut 1,800 jobs – but are there more layoffs to come? November 9, 2023 The Big Four firms - KPMG, PwC, Deloitte and EY - have confirmed plans for nearly 1,800 jobs cuts this year. Is that the end or will the layoffs continue?
PwC extends summer working hours policy following success of pilot scheme last year May 4, 2022 Big Four accountancy firm PwC has said it is extending its “summer working hours” programme to June, following the success of the pilot scheme last year. The firm said it will let staff to leave at lunchtime on Fridays for the months of June, July and August of this year. The plan comes after PwC [...]
UK manufacturing bullish about competitiveness as firms move past EU rivals January 8, 2024 A survey of more than 200 senior manufacturing executives by Make UK and PwC found that after a difficult few years through the pandemic and rising energy prices, there are optimistic signs.
Shares in Sorrell’s S4 Capital continue to slump amid PwC audit delay March 31, 2022 S4 Capital’s shares continue to fall today after plunging over 35 per cent yesterday following a statement that its financial results would be delayed because of a PwC auditing delay.