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The Latest Breaking News from PwC

Wilko to shut final shops for good after dramatic collapse

It will bring to a close one of the largest high street failures in recent years, with almost all of Wilko’s 12,500 workers being made redundant.

The Independent UK

Is it time to ditch return-to-office mandates?

Return-to-office mandates are infuriating hybrid and remote workers; experts weigh in on the right way to do it.

Fortune

More execs expect emerging tech, including AI, will help their companies build trust

But a tool like AI is only as good as how you use it.

Fortune

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

Consulting firms' problems fuelled by pursuit of growth

A Senate committee has been told stories of toxic work culture and conflicts of interest, which experts say are driven by the "aggressive pursuit of growth".

AAP

Palantir Stock: An Underrated AI Growth Pick

Palantir just won over two big clients, but shares of the AI innovator still seem stuck. Is this an opportunity to scoop up the overlooked AI stock?

Barchart

South African mining employs many and may only have decades left, report warns

South Africa’s overall mining profits slipped by more than $5 billion in the last financial year

The Independent UK

Ministers agree loan to private investors to save Ruapehu ski field

There's concern at a Cabinet decision, in the shadow of election, to increase its lending to $50m and set up ski field for private ownership. Jonathan Milne reports.

Newsroom.co.nz

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Iwi 'aghast' at Cabinet decision on privatising Ruapehu ski fields

Ministers must decide whether to take over Ruapehu Alpine Lifts' $15 million bank debt to stop a fire sale of its assets by liquidators. Jonathan Milne reports.

Newsroom.co.nz

‘This is not over’: Treasury flags further action against PwC Australia over additional breaches of confidence

Exclusive: Move comes after firm admits partner forwarded papers related to confidential consultation with treasury and ATO officials to colleagues

The Guardian - AU

Wilko owed £625m when it collapsed, leaving pension fund £50m short

Retailer’s unsecured creditors, who include suppliers, will recoup less than 8% of what they are owed

The Guardian - UK

Morning Mail: authors fear huge AI copyright ‘theft’, scorching weekend for east, Michael Gambon dies

Richard Flanagan says his soul has been ‘strip mined’ in alleged breach, and the world of showbiz mourns the ‘king-like’ Dumbledore actor

The Guardian - AU

PwC tax leak scandal not isolated to Australia, senators claim

Accounting firm says no evidence confidential information used by partners outside Australia for commercial gain

The Guardian - AU

Beyond the PwC scandal, there’s a growing case for a royal commission into Australia’s ruthless corporate greed

Accounting and consulting group PwC has been front page news ever since its chief executive Tim Seymour stepped down “effectively immediately” in May, when the firm said it had “betrayed the trust” of Australians and promised an independent review of its governance, accountability and culture.

The Conversation

PwC Australia reveals more breaches on heels of scathing report into consultancy scandal

Firm releases ‘statement of facts’ alongside Switkowski review making further admissions about government consultation work

The Guardian - AU

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The Independent UK

These former Wilko stores will reopen as Poundland shops this weekend

Poundland owner Pepco agreed earlier this month to buy up to 71 Wilko stores from administrator PwC following the collapse of the high street chain

AAP

'Whatever it takes': PwC's poor behaviour laid bare

A scathing review into PwC following a tax advice scandal found the firm overlooked poor behaviour and took a "whatever it takes" approach to business.

The Guardian - AU

PwC’s ‘rainmaker’ partners often pursue profits ahead of ethics, scathing review finds

Internal review led by former Telstra boss Ziggy Switkowski finds ‘whatever it takes’ culture at accounting firm contributed to serious ethical failure

The Guardian - AU

PwC to restructure board as report into consultancy scandal released

PwC Australia will also commit to publishing audited financial statements

Get all your
news in one place.

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One news app.

AAP

Crackdown on dodgy tax advisors after PwC scandal

Treasurer Jim Chalmers has released draft legislation aimed at cracking down on dodgy tax advisors and giving the regulator more powers to hunt down renegades.

The Guardian - AU

Stiffer penalties and increased ATO powers spearhead Labor’s tax overhaul

Treasurer Jim Chalmers to take aim at ‘blatant misconduct in our tax advice industry’ after PwC scandal

The Independent UK

The Range buys Wilko meaning name will not disappear from UK high streets

The Range confirmed it will sell Wilko products “in-store”

The Guardian - UK

The Range buys Wilko brand in multimillion-pound deal

The homeware retail brand has also bought the intellectual property rights of Wilko, but none of its stores

Evening Standard

The Range set to buy Wilko brand in £5m deal

Administrators at PwC have sought to sell off Wilko’s assets in recent weeks, including its brand and shops, after failing to secure a rescue deal.

The Guardian - UK

Poundland moves to buy 71 Wilko sites with possible jobs guarantee for staff

PwC says owner plans to reopen stores under Poundland brand throwing lifeline to as many as 1,800 staff

The National (Scotland)

Pepco to take over up to 71 Wilko stores and make them Poundland shops- Full list

Pepco has agreed with Wilko's administrators that up to 71 Wilko stores will become Poundland shops.

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