PwC: global professional services firm, one of the Big Four
The US is facing ongoing legal battles over President Trump's authority to impose tariffs. Courts are questioning whether he has properly invoked laws to justify new tariffs, which are scheduled to expire in July. Meanwhile, business leaders expect tariffs to remain a fixture in US trade policy beyond the current administration.
Since mid-April, Scottish dealmaking has shown signs of recovery with high-profile transactions like NatWest's acquisition of Evelyn Partners and AG Barr's acquisitions. However, deal completion remains challenging due to longer processes, deeper due diligence, and cautious buyers, especially outside top-tier assets. Market activity is more selective and competitive.
A PwC study shows AI exposure is changing entry-level work, with junior staff increasingly expected to demonstrate leadership, judgment and data‑driven decision‑making even as overall entry‑level hiring slows. UK and US markets exhibit mixed trends, with prime emphasis on human skills and targeted training.
WH Smith has warned of lower full-year profits and plans to raise up to 100 million through new shares as passenger numbers through travel hubs fall amid the Middle East conflict. UK airport revenues are down, hospital and rail shops help offset declines, and a capital raise aims to strengthen the balance sheet. Regulators are examining PwC’s audits in the US division.
Jetex founder says private aviation has grown post‑COVID, with Middle East leading expansion; company plans to expand in Saudi Arabia as eVTOL and urban mobility gain traction. Market worth ~$50.6B with 24k–25k jets active; high-end travel driving demand amid regional tensions.
Retail volumes have risen in May as hot weather and promotions boosted demand. Online sales and department stores led the gain, while food retailers fell. The three-month trend remains mixed amid shifting consumer behavior.