266 posts categorised "Press releases"

22 October 2014

Firms could face prosecution for failing to prevent economic crime.

Under new proposals, Westminster is considering legislation whereby UK companies could face a criminal prosecution if they fail to prevent economic crime, according to PwC forensics partner Ian McConnell. Jeremy Wright, who became Attorney General in July 2014, told a recent conference in Cambridge that the government was, “considering proposals...

17 October 2014

Half of retail and consumer firms are victims of economic crime

Almost half of retail and consumer goods companies have been victims of economic crime over the past 24 months, according to PwC’s Global Economic Crime Survey 2014. PwC says 49% of companies in this sector suffered economic crime - well above the all-industry average of 37%, with banking and financial...

15 October 2014

Toughen-up for emerging market competition, UK family businesses told

Recruiting skilled staff, volatile market conditions and uncertainty over the state of Eurozone, are the main worries facing the UK’s family businesses, according to a new report published by PwC. The report, The Family Factor: Professionalising the UK Family Firm, says that UK family firms are hoping for steady growth...

14 October 2014

UK inflation falls to 5-year low.

UK inflation fell to a 5-year low of 1.2% in September, down from 1.5% in August, according to Office for National Statistics’ (ONS), Consumer Prices Index. Dr Esmond Birnie, PwC chief economist in Northern Ireland said September’s inflation was the lowest since September 2009, when it hit 1.1%: "September’s monthly...

02 October 2014

Consumers mistrust financial service providers – but apathy prevents action.

Despite frustration and anger over poor service from banks, insurers, fund managers and other financial services providers, its apathy that stops customers from actually doing something about it. That’s the main finding from PwC’s latest report, How financial services lost its mojo – and how to regain it, published today...

01 October 2014

PwC invests in 800 new jobs in Northern Ireland

PwC is to create 800 new jobs in a £40m investment in Northern Ireland, the firm announced today. The investment includes the development and delivery of cloud-based management information services and specialist project management teams delivering worldwide support to PwC’s global clients. The jobs are aimed primarily at graduates and...

30 September 2014

UK economy grew by 0.9% in Q2, but Northern Ireland’s performance gap widens

The UK economy grew by 0.9% in the three months to June, according to today's revised GDP data from the Office for National Statistics (ONS). However that growth was offset by small downward revisions to the previous two quarters, leaving estimated growth over the past year unchanged at 3.2%. PwC...

23 September 2014

Phones 4u in administration- UPDATE: Some Northern Ireland stores and most jobs to remain

The administrators can now confirm earlier announcements regarding the transfer of more than 2,000 staff working in 198 P4U stores and 160 concessions. The transaction was subject to court approval which has now been received and these transactions are being finalised. Unfortunately, there is limited interest in the balance of...

Organisations urged to apply for European Social Fund support.

The Department of Employment and Learning (DEL) has announced details of a series of roadshows to publicise the forthcoming new European Social Fund (ESF) Programme 2014 – 2020. Funded by the European Commission, the aim of the Northern Ireland ESF programme is to help reduce economic inactivity and increase workforce...

Weak tax revenues leaves budget deficit unmoved

In response to public sector finance data released today, Dr Esmond Birnie, PwC’s chief economist in Northern Ireland, said that despite a number of methodological changes, the budget deficit remains stubbornly high: "The underlying picture is that in the first five months of 2014/15 the budget deficit remains more or...