391 posts categorised "Press releases"

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...

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...

08 October 2014

Two East Midlands businesses shortlisted in UK tech awards 2014

Two Leicestershire businesses with global operations have been shortlisted in the UK tech awards, sponsored by PwC and produced by Ford Sinclair Ltd. Loughborough based Intelligent Energy Holdings Plc and Intercede Group Plc, which is headquartered in Lutterworth, have both been shortlisted in the ‘Tech innovation of the year’ category....

07 October 2014

PwC in the Midlands takes on over 100 new students and graduates

PwC has recently welcomed 105 new students and graduates to it offices in the Midlands. The professional services firm which works with businesses of all sizes across the Midlands, has welcomed 67 graduates and 7 university business placement students to its West Midlands office in Birmingham, and 26 graduates and...

02 October 2014

PwC in the Midlands appoints new head of assurance

Andrew Hammond has been appointed head of assurance at PwC in the Midlands. Andrew is from Warwickshire and has been with PwC since 1995, before becoming a partner in 2009. Specialising in auditing and corporate reporting, he is a listed company expert and has worked with a wide variety of...

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...