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Pricewaterhousecoopers

Insolvency figures see a dip in August as 'summer of sport and warmer weather provides relief'
By City AM
Last month's figures include 594 bankruptcies, 4,166 debt relief orders and 5,240 individual voluntary arrangements with businesses in the Midlands seeing a spike in insolvencies.
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Cardiff forecast to have the strongest economic growth in the Ƶ outside of London
Pricewaterhousecoopers
The latest annual Good Growth for Cities Index from PwC predicts Cardiff and Swansea will see strong GVA growth this year which will continue in 2025
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North East shop openings at highest level for eight years - but closures also rise
Retail & High Street
A study by PwC and Green Street said the state of the high street was “broadly stable”.
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Plymouth and Bristol are Britain’s top cities in new index of economic growth opportunities
Pricewaterhousecoopers
Exeter and Swindon also in top ten of Demos-PwC Good Growth for Cities Index
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North East cities improve rating for jobs and skills but trail other areas
Economy
Newcastle, Sunderland and Teesside are all ranked in the bottom 10 of the Demos-PwC Good Growth for Cities Index
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Workplace bullying has a £18bn economic cost
Opinion
A recent study by PwC found that 64% of workers believe bullying exists at their workplace
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Carpetright's £350m debt revealed: Inside the collapse and rescue by Tapi
By City AM
Carpetright was sold to rival Tapi in a deal worth £3.7m after the company went into administration in July with the loss of nearly 1,900 jobs and more than 270 stores
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PwC facing £6.6m lawsuit from Ƶ property developer over 'negligent' tax advice
By City AM
PwC is facing a lawsuit from Ƶ commercial property developer Revelan, which is claiming £6.6m from the Big Four firm after it said it was landed with a £3m tax bill
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Magners and Tennent's owner C&C confident on trading despite tough alcohol market
By City AM
The firm, which is headquartered in Dublin, said in an update ahead of its AGM that it remained "confident" of achieving its set goal and that trading was good despite the poor weather in June, which kept Brits indoors
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WRU post £14m losses after new auditors take different view on Six Nations deal with CVC
RugbyTalk
The union is also set to make losses for 2023-24 but is confident of a financial turnaround for its new financial ayear
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Sustainable packaging venture Transcend Packaging secures multi-million-pound equity boost to support expansion
Deals
The Cardiff Capital Region's Innovation Investment Capital (IIC) fund has invested in the Ystrad Mynach firm's latest round
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How chief executives can navigate the challenges of a fast changing business world
Economy
New research from PwC sheds a light on the thinking of business leaders across the world
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Smiffy's fancy dress retailer is saved by US group after falling into administration
Retail
The Leeds group has stores in Newcastle, Liverpool and Oxford and took a major hit during the pandemic
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Big fall in equity deals at the Development Bank of Wales as it exceeds jobs target
Deals
The number of equity deals and their collective value was significantly down on 2022-23
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People on the move: key North East appointments and promotions
Appointments
Companies making appointments this week include Tedco, Avison Young, RMT, Swinburne Maddison LLP, Clive Owen LLP and Palintest
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High-tech zone for testing future air travel to be created in Somerset and Devon
Aerospace
It will be used to test and commercialise aerospace technologies such as drones and unmanned aerial vehicles
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Swansea Building Society appoints new chair
Deloitte
Stephen Maddock replaces Ieuan Griffiths as chair of the Swansea headquartered mutual
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Labour's Richard Parker wins West Midlands Mayoral election
West Midlands
Mr Parker takes over the role from Conservative Andy Street who has been the mayor since the post was inaugurated in 2017
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Fleet hire business NRG Riverside sold to Astatine Investment Partners as Palatine exits £70m turnover firm
North West
West Lancashire company says it is largest provider of specialist refuse collection vehicles in the Ƶ
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Mount Stuart Wealth Management targets growing client funds to £1bn
Finance
Founded by Codey Rees, cousin of Louis Rees-Zammit, the Cardiff headquartered firm is looking to drive its professional sporting clientele.
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New £50m fund to boost some of the poorest communities in the Cardiff Capital Region
Cardiff Capital Region
The Northern Valleys initiative is the latest project to be backed by the region's £1.2bn City Deal
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Education group Findel sold to French ecommerce specialist Manutan
Deals
Findel underwent 2021 buyout from Studio Retail Group
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North East high streets continue to decline with hundreds of shop closures, study finds
Retail & High Street
Research by PwC and the Local Data Company found that 608 stores closed in the region in 2023 and 393 opened, giving a net loss of 215
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North West retail store numbers decline- but hospitality sector shows resilience
Retail
PwC said the closure rate had remained steady since 2015
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