214 posts categorised "Industries"

21 July 2016

Retail sales data, July 2016 - Andy Lyon from PwC comments

In response to the latest retail sales data, Andy Lyon, partner and retail expert at PwC in the Midlands, commented: “Retail sales fell back in June after their strong growth in April and May, in part due to wet weather in June depressing clothing sales. However, monthly data are always...

01 July 2016

PwC in the Midlands comments on the latest CIPS UK Manufacturing PMI

Commenting on the latest CIPS UK Manufacturing PMI, Cara Haffey, Midlands’ industrial products partner and PwC’s UK Head of Industrial Manufacturing, said: "I’m delighted to see the improvement in the UK manufacturing sector for June, which demonstrated the single biggest monthly increase in 2016. It was particularly welcome in the...

04 January 2016

EVENT: Christmas trading and implications for 2016

Event date: 26 January 2016 Time: 8am - 10am Venue: PwC East Midlands, Donington Court, Pegasus Business Park, Castle Donington, DE74 2UZ PwC is delighted to invite you to our next Retail & Consumer breakfast briefing on 26 January. Lisa Hooker and Andy Lyon from PwC's Retail & Consumer team...

15 December 2015

Patent box – IP transfer deadline 31 December 2015

By Angela Browning Heading into the holiday season the last thing on your mind may be the patent box, but that definitely shouldn’t be the case. As discussed previously here and here we’re heading into a crucial time for patent box, and intellectual property as a whole. The patent box...

08 July 2015

Budget 2015: PwC comments on bank levy

Suzi Edwards, Financial Services expert at PwC in the Midlands, said: "The reform and reduction in the bank levy will be welcomed particularly by those banks with large overseas operations. However, the long term phased nature of the reform coupled with the new profits based 8% corporation tax surcharge means...

Budget 2015: PwC comments re. insurance sector

Suzi Edwards, Financial Services expert at PwC in the Midlands, said: “The Summer Budget will largely be viewed as mixed newsby groups in the insurance sector. The Chancellor has shown his commitment to ensuring Britain remains competitive by announcing a cut corporation tax to 18% by 2020. However insurance, particularly...

Budget 2015: PwC comments on impact on automotive sector

Speaking about the impact of the Summer Budget on automotive manufacturers, Phil Harrold, automotive partner at PwC in the Midlands, said: "The change in road tax banding will accelerate the pre-existing trend towards the manufacture and purchase of low emission vehicles. The increased tax on more expensive vehicles may put...

15 May 2015

Agriculture Unwrapped: What’s causing the current challenges in the agricultural sector and what can be done?

Michelle Hutchinson, farmer’s daughter and senior associate in PwC’s business recovery services team in the Midlands discusses how the agricultural sector has become increasingly challenging and the options available to overcome these difficulties Perception vs reality Beautiful scenery and the good life is what many people associate with agriculture. However...

30 March 2015

Financial services firms remain upbeat as profitability improves – CBI/PwC

Optimism in financial services rose strongly in the three months to March and profitability improved in most sectors, according to the latest CBI/PwC Financial Services Survey. However, despite overall business volumes continuing to increase, the pace of growth was the slowest in a year. Volumes were flat in banking and...

23 March 2015

Fewer than 1 in 5 in Midlands worried about debt repayment

The confidence people in the Midlands have in their ability to stay on top of their debt has improved, according to PwC’s latest report on the Consumer Credit market, Precious Plastic: How Britons fell back in love with borrowing, published today Fewer than 1 in 5 (17%) consumers in the...

18 March 2015

Budget 2015: David Roper comments on the bank levy increase

David Roper, partner and financial services leader at PwC in the Midlands, said: "Today's announcement will be a blow to the UK banking industry. Coming hard on the heels of the bank loss restriction rules announced in the Autumn Statement, two more bank specific tax measures clearly shows bank taxes...

16 March 2015

Fewer stores are opening on East Midlands high streets as retailers focus on clicks over bricks

- Store closures in the East Midlands fall slightly BUT reduced store openings mean fewer shops on the region’s high street - Mobile phones shops, video stores, money services shops, former bank branches and pubs suffering in the East Midlands - Discount stores, charity shops and financial advisors bucking the...

Fewer stores are opening on West Midlands high streets as retailers focus on clicks over bricks

- Store closures in the West Midlands fall slightly BUT reduced store openings in 2014 mean fewer shops on the region’s high street - Mobile phones shops, former bank branches, money services shops, fashion shops and estate agents suffering in the West Midlands - Charity shops, e-cigarettes outlets and jewellers...

05 March 2015

PwC comment: UK automotive industry continues its success story

Commenting on the latest SMMT new car registrations figures released today, Phil Harrold, automotive partner at PwC in the Midlands, said: "The three years of consecutive growth is really welcome news for the UK automotive industry and the direction of travel of these latest figures for new private car registrations...

02 March 2015

UK hotel forecast reveals strong outlook for Birmingham hotel industry

· Birmingham ranks 3rd in the top 10 UK cities with the most active room pipelines · UK regions will see the highest ever hotel occupancy levels and record average daily rates PwC’s latest hotel forecast* reveals the improving economic and business travel backdrop will drive growth for the Birmingham...

20 February 2015

The future of consumer mobility: could integrated transport drive a new digital divide?

By Phil Harrold and Charles Johnson-Ferguson The recent SMMT (Society of Motor Manufacturers & Traders) annual dinner showcased a ‘next generation’ award that illustrated the way new technology is radically reshaping the future of consumer transport. The prize went to the developer of a steering-wheel that can tell immediately whether...

18 February 2015

Getting it right – do you develop an effective internal audit risk assessment and plan?

The objective of an annual risk assessment is to enable Internal Audit to focus on the areas of greatest perceived risk across an organisation and to take into account what is known about how well each area is controlled. Internal Audit, in conjunction with the Audit Committee, should apply the...

13 February 2015

PwC Comment: ONS Construction Output figures

Commenting on today's Office for National Statistics Output in the Construction Industry figures, Mark Whitehouse, property and construction expert at PwC in the Midlands, said: “While Q4 2014 output decreased compared with the previous quarter, the construction sector continues to show healthy year-on-year growth and our clients are optimistic about...

05 February 2015

PwC Comment: New Car Registrations Figures

Commenting on the latest SMMT new car registrations figures released today, Phil Harrold, automotive partner at PwC in the Midlands, said: "This 35th consecutive month of growth in the UK automotive market demonstrates the increasing confidence of both consumers and businesses. People are feeling empowered to make decisions on vehicles...

03 February 2015

Manufacturers face a pricing conundrum

Commenting on the latest Markit/CIPS UK manufacturing PMI, David Martin, manufacturing expert at PwC in the Midlands, said: “The steep fall in input prices is good news for the manufacturers who have been able to benefit from the sharp drop in oil prices. However, as low oil prices continue, manufacturers...