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The Latest Breaking News from PwC

Funding agreed for 715 flats at former Brains brewery site in central Cardiff

The £200m waterfront apartment Central Quay project will also include a major office building

Wales Online

Legal & General investing £200m to build 700-plus waterfront apartments in the centre of Cardiff

It has acquired land for the scheme at the Central Quay scheme covering the former Brains brewery site

Birmingham Post

Scottish store closures slow to almost pre-pandemic levels

However, the rate of decline remains above the UK average

Insider UK

From analysis to the latest developments in health,
read the most diverse news in one place.

‘It kickstarts conversations’: the VR tool that makes diversity and inclusion training a ‘lived experience’

PwC’s In My Shoes is an immersive, first-hand experience that raises awareness of workplace discrimination

The Guardian - UK

PwC sued by employee who lost half his skull after ‘pub golf’ outing

Auditing firm worker says he faced ‘heavy pressure’ to attend after-work drinking event in 2019

The Guardian - UK

PwC faces lawsuit over ‘pub golf’ drinking game injury

Auditing firm said it was committed to ‘providing a safe, healthy and inclusive culture’

Evening Standard

‘I used crisis as a catalyst for growth’: why resilience matters in an unpredictable world

After being carjacked as a teenager, Claudia van den Heuvel developed a fascination with people’s behaviour. Now a crisis management specialist at PwC, she draws on her personal experiences to advise clients on how to learn from adversity

The Guardian - UK

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Pay for PwC partners passes £1 million

Group profits grew 24% to £1.4 billion in the year to end June

Evening Standard

PwC raises UK partners’ pay to more than £1m for first time

Increase in average payouts for accounting firm’s 995 top employees linked to consulting services boom

The Guardian - UK

Foot Anstey reports record turnover and appoints PwC finance director

Ali Allan will join Foot Anstey - which has offices across the South West - from PwC Australia later this year

Birmingham Post

Edinburgh's Westside Plaza comes under new ownership

Irish property group buys portfolio of shopping centres from Dutch pension fund

Insider UK

PwC says graduates no longer need at least 2:1 degree to work at firm

Accountancy company says move is about trying to attract job starters from broader range of backgrounds

The Guardian - UK

‘Do people actually work in offices like this?’: the social mobility scheme showing young people the opportunities open to them

A PwC initiative to broaden the career horizons of young people is alerting them to what they might achieve – and equipping them with the skills to be successful in their career choice

The Guardian - UK

PwC fined £1.75 million over BT audit work

The Financial Reporting Council also fined audit partner Richard Hughes £42,000 over the work

Insider UK

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Evening Standard

PwC fined £1.8 million for BT Italy audit failures

Treatment of debt adjustments not treated with ‘necessary professional scepticism’

The Guardian - UK

PwC fined nearly £1.8m over BT fraud audit failures

Accounting firm failed to act with ‘requisite professional scepticism’, says FRC

Birmingham Post

PwC handed £1.8m fine over BT audit work

Audit partner Richard Hughes has also been fined £42,000 by the Financial Reporting Council

Birmingham Post

Exeter marketing agency introduces Friday 3pm summer clock off

The initiative aims to boost staff wellbeing during a traditionally quiet time

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Wales Online

The new £50m fund to back the expansion and job creation of firms in the Cardiff Capital Region

The fund for the region is being managed by professional advisory firm PwC which is confident of taking the funding to £100m

Benzinga

Market Neutral Was the Favorite Strategy Among Crypto Hedge Funds, but It Did the Worst

Hedge funds and their investors continue to adopt cryptocurrencies for their portfolios. In its annual Global Crypto Hedge Fund Report, PwC, in partnership with Elwood and the Alternative Investment Management Association (AIMA), reports that last year brought growing assets under management at crypto hedge funds and acceptance of digital assets…

Birmingham Post

The new £50m equity fund for the Cardiff Capital Region

The fund will be launched in October and managed by PwC who are confident of securing co-investment to take it to £100m.

Birmingham Post

PwC appoints new partners across Midlands teams

Three offices have welcomed eight new staff to its partnership along with directors and a host of other promotions

The Guardian - AU

Australian households spend $4,500 a year on entertainment, with streaming and gaming taking biggest slice, report says

PwC expects more than 80% of households will be paying for streaming services by end 2022

The New Daily

Streaming services expand into gaming as popularity grows

Australians spent more than $4 billion on streaming services last year as greater consumer choice encouraged more users to sign up during COVID lockdowns.

Birmingham Post

People on the move: Key North East appointments and promotions of the week

Companies announcing new appointments this week include Deloitte, Everflow and Knight Frank

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