184 posts categorised "Industries"

10 December 2014

UK tops Christmas spend among major Western economies

Of the major Western economies over the Christmas period, the UK consumers lead the way, spending around $1,100 (£700*) per person, a third more than shoppers in the US, according to new analysis in PwC’s latest 'Global Economy Watch'. Last year, for example, total spending over the Christmas period in...

09 December 2014

PwC comments on ONS October 2014 Index of Production figures

Commenting on the Office for National Statistics' October 2014 Index of Production, David Martin, manufacturing expert at PwC in the Midlands, said: "The ONS figures released today show that production remains up year on year by 1.1% from October 2013 to October 2014. This is welcome news for the success...

03 December 2014

Autumn Statement 2014: PwC comments on impact on construction sector

Commenting on the infrastructure announcements contained within the Autumn Statement, Chris Temple, engineering and construction leader at PwC, said: “Given the slower growth currently experienced in infrastructure, the Autumn Statement provides further clarity on the medium-term opportunities. There’s a lack of significant projects in the short to medium term and...

05 November 2014

Worried consumers may lead to cautious Christmas spending, says PwC in the Midlands

The 2014 Christmas shopping season will be impacted by consumers who are concerned about the UK economy’s prospects for long term recovery and ongoing issues in the Eurozone. As the high street prepares for the Christmas sales period, Andy Lyon, partner and retail expert at PwC in the Midlands, comments...

13 October 2014

PwC research: Financial services industry needs to do more to win over consumers in the West Midlands

- Fewer than one in three customers trust their bank, yet switching levels remain low - Over half of customers do not believe regulatory reforms are enough to ensure history will not repeat itself - Banks have opportunity to build reputation based on higher data security consumer trust levels than...

10 October 2014

Financial Services firms see fastest growth since 2007 – CBI/PwC

The UK’s financial services firms saw strong growth in business volumes in the three months to September, with profits rebounding and hiring on the up. That’s according to the 100th CBI/PwC survey of the sector. The survey reveals that business volumes grew at their fastest rate since 2007 and the...

09 October 2014

Number of store closures in the West Midlands is flat but net reduction levels are higher than 2013

- An average of 1.5 stores closed per day in the West Midlands in the first half of 2014 – on a par with store closure numbers for the whole of 2013 - Half year 2014 net closure levels are currently higher than 2013 annual total – even before major...

11 August 2014

Retail property: demand still strong for bricks & mortar stores

Market commentary in June showed retail insolvencies at a five year high with almost 1,300 retail businesses across England, Scotland and Wales going bust in the year to the end of March. Retailers, including Internacionale and Barratts entered insolvency in this period, and over the last two weeks Jane Norman...

27 July 2014

Are performance ratings heading towards extinction?

By Alastair Woods There’s a growing school of thought that our traditional tools for managing employee performance are outdated and in need of a radical reboot. Some of heaviest criticism has been aimed at performance ratings and forced rankings - those bastions of the annual appraisal process. At the heart...

24 July 2014

Emerging trends in performance management

We are currently completing a programme of research into the area of performance management, including a survey from which we have recently published the initial findings. The findings are restricted to participants in the survey, but should you think the findings might be useful for you, you may want to...

23 July 2014

Future shape of banking - Time for reformation of banking and banks?

Given the current economic climate, in particular the focus on the European Central Banks Comprehensive Assessment and the move to the Single Supervisory Mechanism, a working group from the PwC Response to the economic crisis in Europe (REcCE) network has developed a provocative point of view paper on the future...

18 July 2014

Pay: what goes up must come down

Key issues and deadlines Are the forces shaping executive pay here to stay? More regulation is tending to dampen pay; and simpler pay packages are reducing pay too UK executive pay has doubled since the millennium But in the last two years, bonuses to FTSE100 chief executives have fallen and...

Equipped for the future: Re-inventing your organisation

Most financial services businesses are organised and run for a marketplace that is fast disappearing. How can you make sure your business is equipped to compete? Customer expectations are defined by the digital experience, brand value is determined by conversing on social media and customers are open to switching providers...

10 July 2014

Decentralisation Decade: Next stop Birmingham

By Richard Parker What does the future look like for local governance in the UK and, of equal importance, how do we get there? This was the key question discussed at our most recent roundtable event with IPPR North in Birmingham; the third in our Decentralisation Decade series. We were...

01 July 2014

PwC in the Midlands comments on UK manufacturing PMI figures

In response to UK manufacturing PMI figures out today, David Martin, Industrial Manufacturing Leader at PwC in the Midlands, commented: “There is continued good news for the Midlands manufacturing sector as June saw robust figures, posting the second highest reading in 40 months - and the average pace of growth...

Financial services firms upbeat as business volumes rise – CBI/PwC Survey

The UK’s financial services firms saw another rise in business volumes in the three months to June, and optimism continued to pick up across the sector, according to the latest CBI/PwC survey. The survey of 98 firms revealed that business volumes rose across many industry sub-sectors, with the exception of...

23 June 2014

Support functions: time to think differently

Are your support services delivering enough value? Our analysis shows you how they can. Contact details: Email: Steve Fraser Tel: +44 (0) 121 265 5077

12 June 2014

Will World Cup fever benefit the high street in the Midlands?

As hosts Brazil kick off the FIFA World Cup in Sao Paulo, Andy Lyon, partner and retail expert at PwC in the Midlands comments on whether the World Cup could benefit the region’s high streets. He said: “With World Cup celebrations kicking off on the other side of the world,...

Back on the hiring road – 56% of financial services CEOs to increase headcount this year

Financial services CEOs have hiring back on their minds with more than half (56%) planning to take on extra staff in this year, according to the PwC report, 'Remoulding your workforce for a new marketplace'. CEOs are looking to increase their headcount by at least five per cent. The insurance...

29 May 2014

If They’re Happy, Do You Know It? The CIO’s agenda in improving customer centricity at financial institutions

Financial services customers expect their providers to deliver a level of service that meet their growing demands. Customers now expect them to be a one stop shop, and to; Provide greater access, flexibility and advice Build relationships with them, and not push products Tailor products ranges to their needs Maintain...