PwC boosted by new reporting rules

Accountancy firm PricewaterhouseCoopers made the most of new financial reporting rules to post a jump in annual turnover and profits today.

The strong performance generated another rise in the level of profits shared by the UK company’s 755 partners, up 17% to £468m (€694.8m) – at an average £620,000 (€920,400). Staff bonuses also increased during the year to June 30, up by 42% on a year earlier to £52m (€77.2m).