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36 press releases from February 2009

27 February 2009

PwC recognised as leading Professional Services brand in 2009 Superbrand ranking

PwC was ranked in 17th position in the Business Superbrands survey of the top 500 business brands – the highest position of any professional services...

26 February 2009

FSA code of practice on remuneration policies – PwC comment

PwC welcomes code of practice and wholeheartedly supports emphasis on governance New focus on using risk-adjusted long-term incentive measures also fully supported Impact will clearly...

Largest UK companies paid £ 11.0bn – a quarter of total UK Corporation Tax

Britain’s largest companies paid £11.0bn, almost a quarter of the total UK Government’s corporation tax take, in the year to 31 March 2008. For each...

23 February 2009

Investment performance tops insurance risks

Banana Skins poll pinpoints key crisis concerns for insurance sector The ability to turn in a strong investment performance is seen as the key challenge...

19 February 2009

One in four companies looking to use group corporate SIPPs as their main pensions vehicle

One in four (27%) UK businesses are considering setting up a corporate self-invested pension plan (SIPP) both as their main pension arrangement and to enable...

18 February 2009

Pensions Regulator statement to employers – PwC data and response

69% of FTSE100 companies concerned about pension impact on dividends PwC urges employers to be assertive in helping pension trustees understand cash constraints The Pensions...

Panellists debate whether UK real estate gloom brightened by opportunities at a recent PricewaterhouseCoopers event

The real estate crisis is set to get worse, according to participants at a real estate seminar in London last week. Organised by PricewaterhouseCoopers and...

14 February 2009

PwC preserves 1,900 jobs through sale of Adams Childrenswear

Administrators from PricewaterhouseCoopers LLP are pleased to announce the sale of the business and assets of Adams Childrenswear Limited to JS Childrenswear Limited a newly...

13 February 2009

Understanding workplace demographics and local factors key to managing sickness absence in a downturn – PwC response to TUC survey

Understanding the DNA of your workforce and taking into account local social, economic and cultural factors will be critical to managing sickness absence and discouraging...

Pension Protection Levy proposed changes would not benefit schemes which have reduced investment risk through LDI strategies – PwC consultation response

Proposed changes to the way the Pension Protection Fund (PPF) Levy is calculated would not give credit to pension schemes that have reduced their investment...

12 February 2009

Huge profit & loss volatility and inconsistency in accounting would arise from proposed changes to pensions accounting

Proposed amendments that would radically change the way organisations are required to express their pension schemes in company accounts should be consistent with the way...

11 February 2009

PwC to recruit around 1000 graduates for 2009 start dates nationwide

PwC recruiting 1000 graduates this year nationwide Up to 50% increase in applications Basics haven’t changed: preparation is key, backed by proven academic performance Accountancy...

PwC initiative secures millions of pounds of tax refunds for UK pension schemes

PricewaterhouseCoopers (PwC) first to file claims for pension scheme clients to secure Dutch withholding tax refunds PwC first to market with initiatives to eliminate discriminatory...

10 February 2009

Companies have less than two months to claim sizable VAT refunds

Companies have until 31 March 2009 to submit VAT refund claims to HM Revenue & Customs (HMRC). They could recover significant amounts of money for...

09 February 2009

90% of UK companies concerned about impact of pension scheme on their business - 4th annual PwC Pensions Survey

With cash in short supply and most companies needing to renegotiate finance facilities, almost all (90%) UK companies with a defined benefit (DB) pension scheme...

06 February 2009

PwC analysis: Britain is Broke - Personal bankruptcies on the way up

Figures released today by the Government’s Insolvency Service revealed that levels of personal insolvency in England and Wales continued to increase for the second consecutive...

The Day After Tomorrow

Financial services will adapt to its new world with significant changes to its traditional models argues a new PricewaterhouseCoopers (PwC) paper The global financial landscape...

PwC analysis: UK insolvencies at highest level for 15 years

PricewaterhouseCoopers LLP analysis of today’s national corporate insolvency statistics found that the number of corporate insolvencies in quarter four of 2008 has risen by 69...

04 February 2009

PricewaterhouseCoopers LLP Corporate Finance Partner Seconded to HM Treasury

PricewaterhouseCoopers LLP today announced that Charles Lloyd, a corporate finance partner, is to join HM Treasury on an 18 month secondment, as Head of Public...

Mild insolvencies maybe tip of the iceberg for UK travel

The steady trickle of failed travel companies has started the climb towards new heights as the threat of airline failure looms in 2009, warns PricewaterhouseCoopers...

Latest trend for dining at home is leaving a bitter taste with UK restaurants

- Restaurant insolvencies increase in by a third in 2008 - While 151% more pubs / bars go bust in Q4 08 than Q4 07....

Winter insolvencies maybe tip of the iceberg for UK hotels

After a 100% increase in UK hotel insolvencies from Autumn to Winter in 2008, the industry should not expect to see a thaw in the...

PricewaterhouseCoopers LLP calls for a cut in interest rates of 0.5% backed by asset purchases to ease corporate credit conditions

In advance of the Bank of England’s Monetary Policy Committee (MPC) decision on interest rates tomorrow, John Hawksworth, head of macroeconomics at PricewaterhouseCoopers LLP, said:...

PwC: Despite ‘no big deal’ 2009 promises more media M&A activity

- Values are down but volumes remain respectable - Banks are the new PE - Central and Eastern Europe drive 2008 deals Following the dizzy...

03 February 2009

Industrial manufacturing CEOs wary but still looking to new markets says PricewaterhouseCoopers

This time last year 86% of respondents to PricewaterhouseCoopers Global CEO Survey were confident or very confident about the prospects for increasing their companies’ revenues....

Innovation critical to long term survival say auto industry CEOs according to PricewaterhouseCoopers survey

According to the recently published Global CEO Survey by PricewaterhouseCoopers in which 62 auto CEOs took part, 92% recognise that innovation is a critical ingredient...

No silver lining for global metals CEOs says PricewaterhouseCoopers

A difficult economic climate, plummeting demand and lack of access to credit are just some of the difficulties facing global metal CEOs currently. The steel...

Confidence of consumer goods CEOs drops by half

Leaders of consumer goods companies are less confident than ever about boosting their revenues. The figures from PricewaterhouseCoopers Annual CEO Survey highlight a significant reduction...

Despite current challenges transport and logistics leaders see light at the end of the tunnel

CEOs in the transport and logistics industry are less optimistic about growing their business than they were last year, according to PricewaterhouseCoopers. A third of...

Pharma CEOs more confident than leaders of other industries

A third of pharmaceutical industry CEOs are very confident that they can increase their companies' revenues over the next 12 months, according to PricewaterhouseCoopers 12th...

Tough times for construction CEOs

CEOs in the construction industry are significantly less confident about growth prospects, according to PricewaterhouseCoopers latest CEO survey. Only 18% of construction company leaders are...

Bleak prospects in the pipeline for chemical CEOs

CEOs in the chemicals industry are less confident about growth prospects than ever, according to PricewaterhouseCoopers latest CEO survey. Only 17% of chemical company leaders...

Retail CEOs report sharp drop in confidence

The confidence of retail industry CEOs is at an all time low, according to PricewaterhouseCoopers (PwC) latest annual CEO survey. Only 14% of the 64...

02 February 2009

Mid-market opportunities remain as emerging markets acquirers expected to make a more significant impact on cross-border M&A in 2009

Despite the global economic downturn, last year saw a record number of deals involving emerging market (EM) entities acquiring businesses in Western Europe. Although this...

London returns to top ten investment prospects as European real estate industry “hunkers down” for 2009

Industry set to face “torrid time” in year ahead as sentiment falls across Europe LONDON (February 2, 2009) – Amid a pan-European downturn, London has...

European real estate industry ‘hunkering down’

Survey Reveals Industry Is Set to Face a ‘Torrid Time’ In The Year Ahead As Sentiment Falls Across Europe LONDON (February 2, 2009) European investors,...
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