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31 press releases from July 2009

30 July 2009

New bribery rules: UK directors in the firing line

Changes to the UK rules on bribery in business moved a step closer when a Joint Parliamentary Committee this week gave its support to the...

28 July 2009

PwC: Travel insolvencies drop buoyed by an early summer

- But come autumn more companies will sink - weighed down by the staycation A long awaited fall (56%) in the quarterly UK* travel insolvency...

Keydata Investment Services ("KIS") (in Administration) - Update

Further to our press release dated 30 June 2009 and our update on the website of 22 July 2009, we have been in continued discussions...

PwC: Hotels spot the bottom and London bounces back from the brink

- But insolvencies still jump 120% on last year Despite a long awaited drop (four percent) in the quarterly UK* hotel insolvency rate, trading conditions...

27 July 2009

Growth in personalised medicine to drive alliances between diagnostic and pharmaceutical industries

The growth of personalised medicine, which aims to better target treatments to patients, is expected to increase the number of alliances between diagnostic and pharmaceutical...

University students face up to harsh business realities at new summer academy programme

As graduates face the toughest job market conditions for a decade, a new academy for aspiring business people in their first year of university opens...

22 July 2009

PwC research suggests the calm before the storm on insolvencies

EMBARGOED UNTIL 00:01 THURSDAY 23 JULY 2009 A slight drop in the number of insolvencies in England and Wales is masking a potential climb again...

PwC research shows Scottish insolvencies rise by 32%

EMBARGOED UNTIL 00:01 THURSDAY 23 JULY 2009 The number of corporate insolvencies in Scotland has risen by 32% year on year according to analysis by...

90% of retailers on sale and discounting trend will continue, says PwC

An analysis of 100 high street retailers by PwC shows that 90% of them are currently on sale. Findings include: This is the same level...

20 July 2009

Students take over London primary school, aided by City firm

Year 6 students took over from teachers and staff in a central London primary school on Monday, teaching lessons to younger children as a result...

16 July 2009

Zegna III - in administration

Mark Batten and Colin Haig, both partners at PricewaterhouseCoopers LLP, were appointed joint administrators over Zegna III Holdings Inc ("Zegna") on 10 July 2009. Zegna's...

Picsel Group and Picsel Technologies – in administration

Bruce Cartwright and Graham Frost of PricewaterhouseCoopers LLP in Scotland were appointed as Joint Administrators to Picsel Group Limited and Picsel Technologies Limited (“Picsel”) or...

PwC welcomes the Walker Review as a means to protect and strengthen UK BOFIs from future financial crises

Necessary steps but not without challenges says PwC - Care needed if UK is not to be put at a competitive disadvantage as a result...

15 July 2009

PwC appointed administrators to Intimas group plc

Stuart Maddison, Edward Williams and Rob Hunt of PricewaterhouseCoopers LLP were appointed joint administrators of Intimas Group plc and Intimas Limited (“Intimas” or “the Group”)...

UK Low Carbon Transition Plan - Comment from PwC

Responding to the publication of the Government's UK Low Carbon Transition Plan published today, Richard Gledhill, head of climate change and carbon markets at PricewaterhouseCoopers...

PwC announces scheme for Lehman Brothers International (Europe) to return trust assets

The joint administrators of Lehman Brothers International (Europe) (“LBIE”) have today made an application to the High Court in connection with a Scheme of Arrangement...

14 July 2009

Dairy Farmers of Britain (in receivership) – Last remaining farmers transfer to new milk purchasers

PricewaterhouseCoopers LLP (PwC), receivers and managers of Dairy Farmers of Britain (DFB), the milk cooperative that went into receivership on 3 June 2009, have today...

Pension schemes wrong-footed by deflation could face potential extra costs of up to £10billion – PwC proposes action plan

UK pensions are expected to increase at a rate above inflation generating unanticipated costs New research shows just 6% of scheme sponsors can currently reduce...

PricewaterhouseCoopers LLP finds few reasons to be cheerful as tenant distress grows in UK commercial property sector

While there are signs of overseas buyers returning to the UK commercial real estate market, there are also signs of growing distress in the UK...

PricewaterhouseCoopers LLP warns of possible false dawn in the housing market as prices could yet fall further

Despite tentative signs of recovery, house prices could still fall further next year, warn PricewaterhouseCoopers (PwC) economists, though the pace of decline should be slower...

13 July 2009

PricewaterhouseCoopers LLP names Pat Newberry as new Chairman of the UK financial services regulatory practice

PricewaterhouseCoopers LLP (PwC) has appointed Pat Newberry as the new Chairman of the UK financial services (FS) regulatory practice. Pat, a London-based partner, will take...

11 July 2009

Survival of the financially fit: people in the 25-49 age range are likely to be least badly affected by the recession

People under 25 years of age are most exposed to unemployment and falling average earnings, while people over 50 may find it more difficult to...

10 July 2009

G8 climate change commitment ‘only part of the story’

Commitment to 80% reduction in GHG welcome, but much yet to be done Action by emerging economies, and the price tag for these, will be...

09 July 2009

IFRS for SMEs long overdue simplification for tens of thousands of UK companies, says PricewaterhouseCoopers

The IASB’s new reporting standard for non-publicly accountable companies (IFRS for small and medium-sized entities - SMEs) is a long overdue simplification of accounting rules...

08 July 2009

Overseas furnished holiday let may be the key to a tax refund

Owners of overseas property that they let as a holiday home may qualify for furnished holiday lettings (FHL) relief, but they need to act quickly...

07 July 2009

European IPO markets remain largely closed as secondary issues absorb investors’ funds

Europe’s Initial Public Offering (IPO) markets have endured another poor quarter with just 28 new listings in the three months up to 30 June, although...

06 July 2009

Asset managers’ future shaped through a prism of fiscal pressure and regulation says PwC

Ahead of the G8 Summit, PwC publishes a perspective on the future of the asset management industry In describing the future of the asset management...

PwC comment on Graduate job prospects / AGR Winter Survey

PricewaterhouseCoopers LLP, the UK 's top graduate employer, comments on the Association of Graduate Recruiters Winter Survey results reporting that graduate vacancies have plummeted by...

03 July 2009

Castlemore Securities Limited (in administration) - PwC markets "The British" - 1,300 acres of development land in South Wales

PricewaterhouseCoopers LLP, the joint administrators and fixed charge receivers of Castlemore Securities Ltd and other subsidiaries, have announced that they are currently marketing ‘The British’...

02 July 2009

Almost 100 PwC graduate vacancies still open for class of 2009 - a bright spot on the graduate recruitment horizon

Despite the mood in the graduate market being somewhat despondent following a contraction in the number of graduate recruitment opportunities this year, there are still...

01 July 2009

PricewaterhouseCoopers LLP announces 54 new partners

PricewaterhouseCoopers LLP is pleased to announce the admission of 33 new partners with effect from 1 July 2009 in addition to 21 partners recruited externally...
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