Financial Times FT.com

PwC forecasts further restructuring

By Jennifer Hughes

Published: September 6 2009 22:17 | Last updated: September 6 2009 22:17

Property groups, pubs and other leisure companies could experience a further wave of restructurings in the next year, according to the head of PwC, which includes the UK’s largest insolvency practice.

In an interview with the Financial Times, Ian Powell, chairman of the accountancy firm, said: “We think there’s a big overhang in terms of possible restructurings from real estate and leisure and pub companies we see as remaining under pressure.”

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