PwC profits rise amid ‘tough’ market

Accounting giant PwC today revealed that annual profits have edged up 1.8 per cent as growth in its tax advisory business overcame a flat market for takeovers.

Profits for the year to 
30 June rose to £740 million, on revenues 3 per cent higher at £2.7 billion. Scottish regional leader Lindsay Gardiner said: “The deals market remains tough, but we’ve held our nerve and continued to invest in areas where we see opportunity, such as oil and gas in Aberdeen.”