399 posts categorised "Press releases"

27 November 2014

PwC’s pensions team advises on pension increase exchange leading to landmark buy-out deal for 22,000 of TRW Automotive’s pensioners

PwC’s pensions team were corporate advisors to TRW Automotive (TRW) for the pensioner offers which helped to facilitate its landmark £2.5bn partial buy-out transaction with Legal & General for 22,000 retired members of its UK defined benefit pension scheme. The deal allows TRW to transfer all risks associated with these...

Midlands’ cities scoring well in latest 'Good Growth for Cities' index

Most cities in the Midlands are holding up well in an annual index of UK cities’ performance and with strong scores in terms of health, transport and environmental measures. These are the results of the 2014 'Good Growth for Cities' index, which is produced by PwC and think tank Demos....

26 November 2014

Total Tax Contribution of Britain’s Biggest Businesses Hits Record High

£80bn contribution to exchequer this year, up £2bn on 2013 Marginal increase in taxes borne, despite fall in corporation tax rate While less tax generated per employee, increase in total employment tax The overall tax contribution of the UK’s largest companies in 2014 is the highest level ever recorded. Taxes...

24 November 2014

Moving people with purpose: Modern mobility survey 2014

Businesses worldwide are looking to mobility to help them tap into fast growth markets and develop the global mindset today's business leaders need. Our survey looks at how organisations are dealing with the challenges modern mobility brings and what they are doing to strengthen their capabilities. How can you be...

PwC wins the best newcomer award at the National Apprenticeship Awards

PwC, the professional services firm, has won the award for the best newcomer in the large employer category at the National Apprenticeship Awards. Now in their 11th year, the National Apprenticeship Awards celebrate the achievements of the country’s most outstanding apprentices and apprenticeship employers. PwC was also recognised in the...

21 November 2014

Pre-pack deal saves nearly 300 jobs at UK Coal Surface Mines Limited

David Kelly, Rob Hunt and Matthew Callaghan have been appointed joint administrators of UK Coal Surface Mines Limited on 14 November 2014. The Company operates four open surface mines in the East Midlands and North East of England. Shortly after appointment, the business and certain of the Company’s assets were...

UK businesses are making progress in closing the gender pay gap

The latest figures from the Office of National Statistics show that the gender pay gap for full time workers has narrowed, to 9.4% compared with 10.0% in 2013. This is the lowest since records began in 1997. Mark Smith, regional chairman at PwC in the Midlands, said: “It is extremely...

UK slips two places down league table of effective tax systems

The UK cannot afford to stand still on tax competitiveness, the latest PwC, World Bank and IFC Paying Taxes study shows. After two years of ascent, the UK has dropped two places to 16th on the annual benchmark of business tax systems, which measures the tax costs and compliance burden...

19 November 2014

Latest UK Economic Outlook: GDP growth in the Midlands is expected to average around 3.1% in 2014, easing slightly to 2.6% in 2015

Consumer spending growth set to slow markedly after 2015 Real consumer spending growth is expected to be around 2.3% in 2015, slowing to around 1.7% per annum in 2016-20. The share of consumer spending on housing and utilities is set to rise to over a quarter by 2020. GDP growth...

14 November 2014

Innovation at Mereway wins at the Midlands Family Business Awards

Innovation at the height of the recession has won Birmingham’s Mereway Kitchens a top prize in the 2014 Midlands Family Business Awards. Founded in1986 and employing nearly 200 staff, second generation family business Mereway Kitchens has won the coveted Business Innovation Award 2014. The manufacturer of high quality kitchen furniture,...

10 November 2014

Number of employees working overseas set to surge, but organisations struggle to recoup investment

Businesses are investing millions of pounds each year sending employees on global assignments without being able to quantify the cost or measure the value from their investment, according to a new report from PwC. This is leading to nearly six in ten organisations saying their global mobility programmes currently do...

05 November 2014

Holiday pay ruling - PwC in the Midlands comments

Commenting on the Employment Appeals Tribunal ruling that non-guaranteed overtime payments should be taken into account when calculating holiday pay, David Wignall, partner and leader of the Human Resource Services team for PwC in the Midlands, said: “This is a very serious issue for business in the Midlands and a...

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...

04 November 2014

Living wage increase – PwC in the Midlands comments

The UK Living Wage has been raised this week from £7.65 to £7.85 and from £8.80 to £9.15 in London, contrasting with the National Minimum Wage of £6.50. PwC started paying the Living Wage in London in 2006 and across the rest of the UK from 2008, and supports today’s...

29 October 2014

UK productivity at risk as hiring outpaces anticipated growth

The revenue UK organisations are generating from each employee has dropped by nearly a quarter over the last three years, as organisations are rushing to recruit over and above their needs – according to PwC’s ‘A new vision for growth’ report*. The report, which is based on data from over...

27 October 2014

Midlands businesses should act now to claim research and development tax credits

Businesses of all sizes across the Midlands should act now to claim tax credits for their research and development activity. Businesses have up until December 2014 to claim tax credits for qualifying research and development (R&D) work carried out from as far back as 2012 up to the end of...

21 October 2014

PwC in the Midlands celebrates senior Risk Assurance promotions

L-R Neal Smith, Rebecca Cooke and Dan Brew PwC in the Midlands has made a series of senior promotions in its Risk Assurance business as part of the ongoing investment in its regional practice, which has seen strong growth over the last few years. Rebecca Cooke has been promoted to...

16 October 2014

Neil Sumner joins PwC as new corporate finance director

Neil Sumner has joined PwC in the Midlands as a director in the firm’s corporate finance team. Neil joins PwC from specialist engineering company, IMI plc, where he was global mergers and acquisitions manager. In this role, Neil led the key transactional activity for the FTSE100 group on a global...

15 October 2014

UK family businesses are emerging from recession but long term growth depends on professionalising their operations

Three quarters of UK family firms have reported growth over the last 12 months, but a third (30%) agree that professionalising their businesses is key over the next five years, says a new report published by PwC today. The report, The Family Factor: Professionalising the UK Family Firm, finds that,...

13 October 2014

PwC launches new accounting service to support small and medium sized businesses

PwC in the Midlands has launched My Financepartner, a new accounting service that helps small and medium sized businesses get the professional support and financial insight they need to secure future growth. The service has been designed specifically for smaller businesses, funded start-ups and more established companies that are on...