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The Latest Breaking News from PwC

Wilko: rescue deal to save many stores at risk over supplier debts

Big suppliers want debts paid upfront in order to guarantee supplying shops

The Guardian - UK

Meet Hilco, the firm behind the scenes at Wilko failure and other high street collapses

Restructuring specialist made its name through dealings with some of best-known British retailers

The Guardian - UK

Consultancy firm used ‘power maps’ of Australian officials to help win government contracts

Accenture’s Peter Burns tells Senate the documents identifying key decision-makers and influence leaders have been used to tender for work

The Guardian - AU

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Is Pizza Hut stuffed?

Pizza Hut UK is fighting to avoid the fate that has befallen many once-beloved high street chains as it grapples with mounting debts brought on by soaring food inflation and the cost-of-living crisis.

The Week

Wilko job cuts to begin on Monday with support staff to be laid off after full rescue deal fails

Monday will be the last day of work for Wilko’s commercial trading team, IT, finance, Legal and HR. For those at distribution centres, redundancies will start next week

Evening Standard

Wilko closures and job losses on hold as administrator considers rescue bids

Restructuring specialist M2 makes potential offer alongside HMV owner Doug Putman

The Guardian - UK

Wilko job cuts ‘suspended’ after union calls for urgent government talks

A spokesperson for the union said it was not yet clear how long the suspension might last

Evening Standard

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Wilko: union seeks urgent meeting with business secretary over administrators

GMB asks Kemi Badenoch to ensure PwC considers all bids for collapsed retailer as 12,500 jobs are at stake

The Guardian - UK

5 astonishing uses of AI happening right now

From making medical discoveries to changing the way we play games, generative AI is recreating our world

Tom’s Guide

Wilko administrators urged to accept rescue deal after second bid

Last-minute white knight bid worth £90m from M2 Capital follows earlier offer from owner of HMV

The Guardian - UK

PwC urged Labor to delay multinational tax transparency laws, Senate submissions reveal

The firm joined the other big four consultancies in calling for the world-leading regime to be postponed or watered down

The Guardian - AU

HMV owner makes last-ditch bid to rescue Wilko

Proposal by Doug Putman could save 350 stores and 10,000 jobs as union calls for employees to be prioritised

The Guardian - UK

Majority of Wilko stores to close 'within weeks' - see all the stores at risk

The GMB Union has revealed the majority of Wilko stores will close "within weeks" - see the 408 sites currently in the UK that could be…

The National (Scotland)

Ruapehu administrators deny iwi relations blame

PWC says statements in a Government apology over the Ruapehu sales process weren't correct, reports Andrew Bevin

Newsroom.co.nz

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Evening Standard

Relax, lawyers and accountants. AI isn’t going to take your jobs

City Comment: The human contact and trust at the heart of professional services is still far from being replaced by a chatbot

The Guardian - UK

PwC partners to be paid £906,000 this year

Payment to more than 1,000 UK workers is slight fall on last year’s £1m record as profits decline despite rising revenues

Fortune

Just 8% of CFOs strongly believe a recession is coming in the next six months

Companies in the U.S. are shifting from defense to offense, according to PwC.

Evening Standard

Wilko scammers lure in online shoppers with fake websites after chain collapses

Wilko has ended all online sales after it entered administration and shoppers can only buy in stores

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news in one place.

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The Guardian - AU

Anthony Albanese says ‘my son is not a public figure’ after questions about PwC internship

Reports claim PM discussed position with firm’s former government relations boss before Nathan Albanese went on to secure two-week, unpaid placement

The Guardian - AU

PwC charged health department to provide ‘risk management’ workshop in weeks before scandal

Exclusive: Consultancy firm ran event at Department of Health and Aged Care in December, days before former PwC partner was banned by tax advice regulator

The Conversation

It's time business schools prepared their graduates for potential workplace misconduct

“At PwC, (our purpose) is to build trust in society and solve important problems”, says one recruitment invitation. While another promises: “As one of our grads, you can expect to work on high-impact, meaningful and purpose-led projects”

The Guardian - AU

Morning Mail: All eyes on the Matildas, more scrutiny over consultants, anger as centuries-old tree felled in Tasmania

Australians hold their breath ahead of the World Cup semi-final; PwC in new disclosure revelations; PM urged to witness impacts of native logging

Fortune

What did you say? Boards tackle corporate jargon

Governments around the world have introduced laws that require plain language in public communications. Directors in the corporate world—still a safe haven for jargon, to say the least—could benefit from similar efforts.

The Guardian - AU

PwC did not disclose any conflicts of interest before winning aged care auditing contract

Consulting firm’s contract to audit the Morrison government’s workforce bonus program remains suspended, department confirms

The Independent UK

Wilko administrators set Wednesday deadline for potential bidders

The historic high street chain fell into administration last week, putting the future of its 400 stores and 12,500 workers in jeopardy.

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