PwC continues to hire despite profits fall

PricewaterhouseCoopers (PwC) today announced plans to create 800 new jobs despite a fall in profits during a “tough year” for trading.

The professional services firm posted profits before tax of £665m (€797m) in the year to June, down 3% from £688m (€825m), while the average payout for each of its 820 partners was down 2% to £759,000 (€910,000).