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19 April 2018

UK consumers less optimistic than rest of the world, but ¾ plan to spend more or the same this year

By Lisa Hooker, UK Leader of Consumer Markets at PwC Welcome to the 2018 Global Consumer Insights Survey (GCIS). This is an expanded version of our decade long Total Retail survey. It’s our biggest global consumer survey and now captures the voices and shopping behaviours of over 22,000 consumers in...

10 April 2018

Is Brexit being used as a scapegoat for the current UK hotels growth slowdown?

By Liz Hall, Head of Hospitality & Leisure Research, PwC UK The answer is yes and no, i.e. it’s a bit complicated. First, let’s look at no (it’s not an excuse). Our latest UK economic outlook shows that perceived Brexit uncertainty is dampening UK GDP growth, despite a strong global...

26 March 2018

GDPR is coming. Is your facilities management company ready?

By Raoul Rambaut GDPR put simply, is the single biggest shakeup of data protection law in the past 20 years. And with its enforcement date looming in May 2018, GDPR is a landmark piece of legislation that will impact every entity that holds or uses personal data. There are a...

22 March 2018

Manufacturing outlook on the up as automation takes hold - UKEO

By Cara Haffey The latest UK Economic Outlook has an interesting focus on industry and automation with the view that by the mid-2030s, over 40% of existing jobs in the UK retail and wholesale sector could potentially be impacted by automation. A move that conversely, is likely to reduce prices...

16 March 2018

As the UK construction industry looks to reshape workforces for a post-Brexit world, can automation help to fill the gap?

By Julia Onslow-Cole I recently attended a fascinating dinner with senior executives from several leading UK construction firms. Amid the lively buzz of conversation around the table, one topic came consistently to the fore; the potential impact of Brexit on the industry’s workforce. It isn’t hard to see why my...

12 March 2018

How a strategic and capabilities-focused approach to cost can get Industrial Manufacturing & Services companies fit for growth

By Ross Elliott In my conversations with sectors within the Industrial Manufacturing & Services (IM&S) industry, cost reduction invariably emerges as a key focus. This is hardly surprising, given the constant cost pressures facing the sector and the need to drive efficiency and competitiveness to ever higher levels. In most...

30 January 2018

Happy New Revenue Year for Tech Companies! IFRS 15 for FY18.

by Gareth Murfitt, PwC Technology partner Tech companies continue to benefit from global digitalisation, huge investment funds focussed on the sector, a growing number of entrepreneurs and some eye-watering valuations. From 1 January 2018, the revenue recognition profile of some of these companies will change as the new accounting rules...

25 January 2018

AI Captain! Finding value in the emerging UK tech scene

By Simon Harris and Ralph Dodd If every company has an AI strategy, which one deserves a valuation premium? Tech valuations are reflecting huge demand from investors across the globe, particularly in essential technologies such as artificial intelligence as companies compete in races for platform supremacy. Challenging whether a company...

13 December 2017

Overseas construction projects: why involving the head office is vital

By Elisa Sofocli, UK global mobility lead - engineering & construction For UK engineering & construction (E&C) companies, big overseas projects are a major prize to go for. But when these opportunities come up, winning the contract is one thing: making sure it’s profitable enough and also compliant for areas...

13 November 2017

The facts behind the figures: Global Law Firms’ financial performance

By Kate Wolstenholme Our 2017 Law Firms’ Survey should give pause for thought to firms across the globe – for many, some significant changes are needed if they are to continue to thrive in the years to come. Global law firms headquartered in the UK have benefitted from sterling weakening...

16 October 2017

'Ch ch ch ch changes' - ahead for law firms

By David Snell I don’t watch the X Factor, though that might change if there’s a Bowie week before Christmas. But I happened upon one of my children settling down in front of it last Saturday night, and it got me thinking. There were a number of chairs. As far...

25 July 2017

Will meeting the government's house building target help the affordability crisis?

Will meeting the government's house building target help the affordability crisis? Read the latest housing market analysis from our UK Economic Outlook team: >> Building 250,000 homes a year may only knock £5,000 off the average house price >> House prices remain below pre-recession levels across a quarter of the...

19 June 2017

Visitor attractions - challenges and opportunities

Julie D Clark Visitor attractions and theme parks are experiencing increasing pressures from a number of sources. First, customers are tightening the purse strings with uncertainty in the air. Our own consumer sentiment survey showed that 26% of people expect to be worse off this year. So with household budgets...

14 June 2017

Internet of Things in Capital Projects

Eoin O'Murchu The world is becoming ever more digitally enabled. Since leaving university in 2010 the changes I have experienced have been nothing short of dramatic. I still remember a time when Transport for London (TfL) had a 24 hour manned phone number for directions in London (which was as...

26 May 2017

Building smart secure walls - the real estate cyber security challenge

Gareth Lewis Cyber security is at the top of the UK CEO agenda. In our 20th CEO survey, UK CEOs rated cyber security as the second biggest threat to their business. It is also clear from our recent Global State of Information Security survey 2017 that companies are investing in...

23 May 2017

Driverless cars provide optimism for those in the UK with mobility challenges

Mark Couttie There is no doubt that driverless cars have the power to transform society. Strategy&’s recent driverless car impact study commissioned by the Society of Motor Manufacturers & Traders – Connected and Autonomous Vehicles: Revolutionising Mobility in Society – confirms this. Over 50% of people who participated in the...

Digital transformation in the construction and engineering industry – part two

In my previous blog, I discussed how the fourth industrial revolution promises to transform the construction and engineering industries, focusing on new technologies and ubiquitous connectivity. In this second part, I’m exploring the impact of the development of ‘digital twins’ and advanced simulations using analytics, as well as new business...

Digital transformation in the construction and engineering industry – part one

There is no doubt that the fourth industrial revolution has the ability to transform businesses and even whole industries. According to research carried out by Virgin Media Business with Oxford Economics in March 2016 (The UK’s £92Bn Digital Opportunity), the construction industry ranks as the third industry most likely to...

22 May 2017

Reimagining the retail store of today: PwC’s Retail Agility Challenge

Retail is ever changing and with continued online consumer growth we are seeing a decrease in visits to physical stores. Our ‘Total Retail’ report suggests that retailers should ensure an optimised and enhanced in-store experience is created to aid shopper conversion. However many retailers still face daily challenges such as...

19 May 2017

The time has come to transfer local authority museums to trust status

Julie Clark and Ian Oakley-Smith Brighton & Hove City Council has announced that from April 2018, it intends operating the city’s Royal Pavilion & Museums via a cultural trust [1]. They believe this will help grow the success of its iconic Royal palace and nationally significant museum collections, while also...