Economy

PwC’s UK partners are on track for one of their largest ever paydays. The Financial Times has reported that partners at the firm are in line for near-record average pay of about £900,000 for the financial year to the end of June 2026, with …

Britain’s accounting watchdog has sanctioned PwC and one of its audit partners more than £3m over what it described as serious failings in the audit of Babcock International, the FTSE-listed defence and engineering group. The Financial Times reported that PwC and the partner were …

Another well-run British engineer is poised to leave the London stock market. The Financial Times reported that ABB, the Swiss-Swedish automation and electrification giant, has agreed to buy Rotork, the Bath-based maker of valve actuators and flow-control equipment, in a deal valued at roughly …

Ocado Group, the London-listed company that spent a decade persuading investors it was less a grocery delivery firm than a global technology platform, has seen that argument turn against it. According to reporting by the Financial Times, Ocado shares plunged about 18% to a …

Every incoming British leader arrives promising growth. Few arrive with the fiscal room to deliver it easily. That tension sits at the heart of the debate now swirling around Andy Burnham, the Mayor of Greater Manchester who, according to reporting by theFinancial Times, is …

Britain’s largest listed warehouse landlord is at the centre of one of the year’s most closely watched corporate contests. According to the Financial Times, Segro Plc has rejected a £13.5bn takeover proposal from Prologis, the US-based logistics property giant, declining a third approach in …

Britain’s approach to the North Sea has become one of the sharpest fault lines in the country’s energy and economic policy, and the latest signals suggest the direction of travel is unchanged. According to reporting from the Financial Times, the incoming prime minister, Andy …