The latest annual results for PwC
revealed that its 822 UK partners take home an average of £757,000 each – a 6%
rise on the previous year’s payout.
Poynter, PwC’s UK chairman, received the largest profit payout of £2.8m with
other execs also taking home seven-figures salaries.
This follows the firm turnover growing 6% to £2.1bn with underlying profits
of £631m, up 11% on a year ago.
The pay out to PwC partners were trumped by rival Deloitte, which last month
revealed a 15% increase in average profit per partner to £877,000 on the back of
a similar jump in revenues to £1.8bn.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up