373 posts categorised "Press releases"

17 September 2014

Phones 4u Limited (‘P4U', 'Phones 4u' or ‘the Company’) in administration- UPDATE

Rob Hunt joint administrator and PwC partner said: "We can confirm that Dixons Carphone have agreed, with our blessing, to offer roles to all people in the Phones 4U concessions located in Dixons Carphone outlets. This agreement relates solely to staff and does not include the sale of any stock,...

16 September 2014

PwC comment: the most significant change to international tax in modern times

The OECD today (Tuesday, 16th September 2014) set out recommendations from the first part of its tax reform programme to tackle Base Erosion and Profit Shifting (BEPS) Stuart Wallace, partner and head of tax at PwC in the Midlands, said: "The BEPS project marks the most significant change to international...

Phones 4u Limited (‘P4U or ‘the Company’) - in administration

Robert Jonathan Hunt, Ian David Green and Robert John Moran of PwC have today been appointed as administrators to Phones 4u Limited (P4U), a leading independent mobile phone retailer with an annual turnover of £1 billion, operating from more than 700 outlets with 5,596 employees. In addition to its retail...

15 September 2014

PwC UK delivers growth in an improving market

PwC, the professional services firm, has today (Monday) reported revenue growth of 5% to £2,814 million for the year ended 30 June 2014, up from £2,689m the previous year. Ian Powell, Chairman and Senior Partner of PwC UK, commented: “Our strong performance reflects an improving economy, the growing confidence of...

12 September 2014

The Genuine Gemstone Company wins national Private Business Award

Picture shows (left to right): Naga Munchetty, awards presenter; Etienne Bottari, Head of Corporate Finance, Numis; Ruby Parmar, Partner, PwC, Head of Private Business (Tax); Dan Howlett, Head of Corporate Banking UK, HSBC Commercial Bank; Paula Bennett (Director of Jewellery Maker), Steve Bennett (CEO and Gem Hunter), Sarah Bennett (Jewellery...

10 September 2014

PwC in the Midlands puts its firepower behind the Invictus Games

PwC is mobilising its support behind the Invictus Games, an international sports event for ‘wounded warriors’ from the armed services, taking place this week (10-14 September). The Invictus Games, which is championed by Prince Harry, will see more than 400 wounded, injured and sick Service personnel, serving and veteran, from...

Big business decisions driven by gut instinct as well as gigabytes – PwC report

Business leaders are taking major strategic decisions about the future of their businesses based on their gut instinct and experience in preference to the use of data and analytics, according to a new report published by PwC and written by the Economist Intelligence Unit. The report, ‘Guts & Gigabytes’, explores...

04 September 2014

Innovative family businesses short-listed in regional awards

A total of 45 family businesses and advisers have been short-listed in 10 categories in the 2014 Midlands Family Business Awards, the region’s only not-for-profit independent Awards for family businesses and their owners. The 28 family businesses from the East Midlands and 17 from the West Midlands now prepare to...

27 August 2014

Workers trade personal data for a better work deal: PwC Future of Work report

The type of data profiling used by retailers and advertisers could soon become commonplace in the workplace, according to the second in PwC’s Future of Work series. The report: ‘The future of work: A journey to 2022’ reveals that nearly a third of people would be happy for their employer...

22 August 2014

Public still hold Westminster accountable when decentralisation lacks real powers and visibility

After almost a decade of devolution and decentralisation of services across the UK, the public still holds Westminster accountable for public services when they deteriorate nationally, but devolved governments are increasingly getting the blame if services deteriorate or things go wrong. The new research by PwC – Who’s accountable now?...

24 July 2014

Midlands private equity businesses urged to focus on evolving cyber risk strategy

Private equity backed businesses in the Midlands should adopt an agile approach to their cyber security measures to avoid new and emerging risks to the value of their business and the related investment, according to PwC in the Midlands. The professional services firm is highlighting that as cyber risks are...

21 July 2014

PwC in the Midlands comments on major pension changes

Commenting on the Government’s response to its 'Freedom & Choice in Pensions' consultation, Aimée Walker, defined contributions pensions specialist at PwC in the Midlands, said: "The landmark pension changes are set to go ahead largely as intended – this is good news. The proposals have already started to reinvigorate pension...

16 July 2014

PwC in the Midlands comments on latest labour market figures

In response to today’s ONS UK monthly labour market figures, Mark Smith, regional chairman at PwC in the Midlands, said: “These latest figures are positive as they show that across the Midlands employment continues to rise and the unemployment rate has fallen back. "The East Midlands and West Midlands both...

House price inflation to moderate in 2015

Commenting on the latest ONS house price figures, Mark Smith, regional chairman of PwC in the Midlands, said: "This week's ONS data shows that average house prices in the UK grew by 10.5% between May 2013 and May 2014. Average house prices in the West Midlands grew by 7.2% over...

15 July 2014

PwC in the East Midlands is seeking tomorrow’s female leaders

PwC in the East Midlands is offering university students the chance to shadow a female leader for a week, on a paid work experience opportunity. The 'Shadow a Female Leader programme' aims to promote the professional services profession among women, giving talented students the chance to gain an insight into...

09 July 2014

Midlands economy on the road to recovery

Growth in the Midlands economy is expected to pick up from 1.6% in 2013 to around 3.1% in 2014 House prices in the Midlands could rise by 8% this year, but pace of growth is expected to moderate over the next two to three years The Midlands economy is showing...

02 July 2014

One in three in the Midlands has pulled a sickie, according to PwC research

One in three workers (34%) in the Midlands admits to having pulled a ‘sickie’ – according to new research by PwC. PwC’s research shows that sick days are costing organisations in the UK over £23bn a year, but a large proportion of the sick bill is preventable as people lying...

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...

Marnixheath Limited (‘the company’) - in administration (trading in the UK as La Senza and Pinkberry)

Robert Moran, Mike Jervis and Stuart Maddison of PwC have been appointed as joint administrators of Marnixheath Limited on 1 July 2014. The company operates 55 stores under the La Senza brand in the UK and three Pinkberry outlets under the Pinkberry brand in the UK. In total the company...

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...