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Image for pwc global revenues 7 377bn

Business | PwC global revenues up 7% to $37.7bn

PwC's firms around the world reported total gross revenues of $37.7bn for the year ending 30 June 2017, an almost 7% increase and marking 20 years of consecutive revenue growth for the PwC network, but leaving the firm in second place behind Deloitte’s global network total of $38.8bn
5 Oct 2017
Image for frc ends probe pwc over barclays client asset protection failures

Finance | FRC ends probe into PwC over Barclays client asset protection failures

The Financial Reporting Council (FRC) has announced the closure of its investigation into PwC’s conduct in relation to its role in reporting to the Financial Services Authority (FSA), now the Financial Conduct Authority (FCA), on Barclays Bank’s compliance with the FSA’s client asset rules, which saw the bank hit with a £37m fine for serious failings
5 Oct 2017
Image for tesco restores dividend payments

Business | Tesco restores dividend payments

Tesco is to resuming paying a dividend to shareholders, two years after it was forced to stop payments when the retailer became embroiled in an accounting scandal relating to a £263m ‘black hole’ in its accounts, which has resulted in three former executives currently facing fraud charges
4 Oct 2017
Image for icaew warns cash mountain build

Business | ICAEW warns of ‘cash mountain’ build-up

Brexit uncertainty has resulted in businesses sitting on a cash mountain, according to an ICAEW survey, which found that two thirds of companies expect to have a growing cash surplus this year and next, and warns this is hampering investment decisions
2 Oct 2017
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