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The Latest Breaking News from PwC

Bank profits jump but rising interest rates are a double-edged sword

Australia's big four banks raked in nearly $30 billion in profits over the 2022 financial year as people struggled with the cost of living. And higher interest rates will put more mortgage borrowers at risk.

ABC News

Key finding of the PwC agriculture report

A new report from financial group PwC has found Australian consumers are demanding more sustainability from the agricultural sector.

AAP

Uncertainty over Made.com refunds after retailer goes from 'online IKEA' to a 'car crash' and hundreds lose their jobs

The company had been valued at almost £800m two years ago

Manchester Evening News

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Will The Grinch Steal Christmas 2022?

Holiday shopping estimates vary widely, as rising prices and soaring interest rates empty consumer wallets.

Investors Business Daily

Made.com: From the 'online IKEA' to a 'car crash' as administration leads to hundreds of lost jobs despite Next deal

Dr Gordon Fletcher, retail expert from the University of Salford Business School, has looked at what went wrong and what might happen next

Birmingham Post

Strikes: why soaring CEO pay could help explain UK’s recent industrial action

The pay gap in UK business is eye-watering. Bosses of the largest UK companies earn around 100 times more than the lowest-paid employees in their organisations, according to some estimates. This year, chief executives from the top 100 UK companies saw their pay rise by nearly a quarter on average,…

The Conversation

As Optus, Medibank and more are hit by cyber attacks, these 'white hat' or 'ethical' hackers are targeting companies 'from the inside'

There's a type of hacker increasingly being hired by Australian companies as more and more organisations experience data breaches.

ABC News

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Pay of FTSE 100 chief executives rose an average of 23% in 2022

Campaigners and TUC say rise to almost £4m is unjustifiable during cost of living crisis

The Guardian - UK

FTSE 100 chief executives’ pay soars by 22% in a year despite cost of living crisis

Analysts say rise ‘primarily’ driven by bonus payments as pay now “largely back to pre-pandemic levels”

The Independent UK

BBC spends £5m a year on consultants who tell bosses how to do their own jobs

Officials have revealed they spent £2m last year getting general advice from external consultants on 'strategy'. Another £1.8m was spent on consultants giving advice on financial issues

Daily Mirror

Scottish hotels 'need a fresh strategy' to tackle industry challenges

Staff shortages, the energy crisis and inflation continue to impact the hotel industry

Insider UK

Economy and Society, November 1, 2022: How will voters affect the control of state financial offices?

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

It inspired Ed Sheeran’s first hit: 10 facts about the homelessness charity Crisis

From philosophy workshops to the need for volunteer nail technicians, there’s a lot you don’t know about Crisis

The Guardian - UK

Poignant moment during GAA All-Stars ceremony sees tragic lives lost remembered

Amidst the annual celebration there was a moment taken to acknowledge members who have passed away in 2022

Irish Mirror

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Irish Mirror

GAA stars step out with their partners at PwC All-Star Awards

The stars of the GAA inter-county season come out in force as the red carpet was rolled out at the Convention Centre in Dublin.

Irish Mirror

2022 PwC All Star hurling team named as Limerick scoop seven awards

The team is completed by four Kilkenny men, three from Clare and a single Galway representative

Inverse

Tim Cook thinks meetings in the metaverse are doomed — but it isn't that simple

While Apple CEO Tim Cook commented that AR will win over VR for communication purposes, some experts think that both technologies can play important roles.

Newsroom.co.nz

The last ski run on Ruapehu

PwC administrator asks Govt to keep ski fields operator afloat over summer until a new company can be set up – or face a bill of nearly $150 million to clear the debts and restore the mountain.

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ABC News

Office of the Public Trustee accused of overcharging vulnerable clients commissions own review proposing fee increase

Last year, Queensland's Public Trustee was accused of overcharging its vulnerable clients in a damning report. Now a review it commissioned says it needs to lift fees.

ABC News

NT's Blacktip gas field production drops, forcing shutdown of Northern Gas Pipeline

Production from the offshore field which supplies gas for the Top End's electricity generation has decreased by nearly 50 per cent this year.

ABC News

Most Australian executives wary of announcing cyber attacks and online strategies amid increased demand for transparency

Australian executives remain wary about publicly disclosing cyber attacks and cyber strategies, despite growing demands for transparency in the wake of the hacking of Optus.

Birmingham Post

Shortlist revealed for Greater Birmingham Apprenticeship Awards 2022

Have you made the final of this year's awards which will recognise achievement across 12 different categories?

Evening Standard

The Standard View: End the lottery over free school meals

Ensuring every child has enough to eat at school is a moral imperative. It is also a benefit to wider society. A PwC study, seen exclusively by the Evening Standard and our sister paper, The Independent, finds that extending free school meals to all children in poverty in England would…

The Independent UK

Children face a hunger crisis – the government needs to act by providing more free school meals

Feed the Future: The Independent partners with the Food Foundation to call on the government to give meals to all schoolchildren living in poverty but who are not currently eligible

Evening Standard

Free school meals plea for every child living in poverty

Special investigation: Move would benefit Britain by £2.5billion over 20 years

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