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54 press releases from December 2009

29 December 2009

Lehman Brothers International (Europe) (in administration) - claim resolution agreement receives overwhelming support

On 29 December 2009, the Joint Administrators of Lehman Brothers International (Europe) (in administration) (“LBIE”), announced that the Claim Resolution Agreement (“CRA”) has become unconditional,...

22 December 2009

Revised GDP estimates suggest that economy should emerge from recession shortly but still many risks ahead, says PricewaterhouseCoopers LLP

This morning's revised GDP figures confirmed that the UK economy as a whole was still in recession in Q3 2009, with only a small upward...

21 December 2009

Globespan administration update

The Administrators of Globespan Group Ltd and its subsidiary companies have today (Monday 21 December) continued their investigations, particularly in relation to the Group's relationship...

HMRC changes scope of companies subject to bank payroll bonus tax – PwC comments

HM Revenue & Customs (HMRC) will exclude a large number of financial companies that were unexpectedly within the scope of the new bank payroll tax....

Workers opt for MP3 players, free drinks or extra holiday over being fast-tracked for promotion, finds PwC research

Just 6% of workers would not appreciate a small reward if their employer could not afford to offer them a pay rise One in three...

London faces US threat to City's carbon market dominance

Global carbon market currently worth UK£75 billion (US$120 billion, EUR85bn) Proposed US legislation could establish a carbon market three times the size of EU Emissions...

19 December 2009

Globespan administration - update

Following their appointment as Administrators to Globespan Group Ltd and other Globespan companies, including the airline which operated as Flyglobespan, the team has been focusing...

18 December 2009

Copenhagen comment from PwC: business decisions; energy; US; COP 15 winners; the UK greentech challenge

Comment and reaction from PwC’s team at the Copenhagen Climate Change Summit: Reporting and measurement Investment and role of Copenhagen in US economy COP 15...

Copenhagen: PwC reaction: Business was looking for more from Copenhagen

Richard Gledhill, head of climate change, PricewaterhouseCoopers LLP said: "After all the problems of the last two weeks, it's a great relief to get a...

COP15: speak to PwC's climate change team for live reaction and comment 18/19 Dec

For expert reaction and comment from PwC's climate changeand carbon markets team, please call PwC media relations, or the PwC team in London and Copenhagen...

Lehmans entities exchange assets

Following months of negotiation between Lehman Brothers International Europe (in administration)("LBIE") and Lehman Brothers Japan Inc (in civil rehabilitation)("LBJ"), an exchange of certain custody assets...

Financial crisis – implications for FTSE executive remuneration

Current focus is on remodelling remuneration in the financial services sector – but this will be ‘game changing’ for executive compensation in all sectors, especially...

Copenhagen: do we need a robust deal or a deal that does no harm?

Richard Gledhill and Jonathan Grant from PwC's Climate Change team give an update on the state of negotiations and the implications for a long term...

17 December 2009

A lack of disclosure could potentially undermine value and deter capital investment in the insurance sector, reveals PwC

The current lack of clarity around disclosure requirements, under Solvency ll, may still further compound this issue Insurers are calling for more guidance from supervisors...

16 December 2009

Copenhagen: Update on key issues (16 Dec)

A PwC update on the climate change negotiations from Richard Gledhill and Jonathan Grant in Copenhagen. For more information, comment or interview call the team...

Globespan placed into administration

Bruce Cartwright, Graham Frost and Ian Oakley-Smith at PricewaterhouseCoopers (PwC) have been appointed as joint administrators to Scottish travel firm, The Globespan Group plc and...

15 December 2009

Lehman Brothers International (Europe) (in administration) - Bar Date of 19 March 2010 announced for claims to Trust Assets

On 15 December 2009, following an application of the Joint Administrators of Lehman Brothers International (Europe) (in administration) (“LBIE”), the High Court of England and...

Lehman Brothers International (Europe) (in administration) - Pre-Administration Client Money High Court Judgment

The High Court today handed down judgment on an application brought by the joint administrators of Lehman Brothers International (Europe) (“LBIE”) seeking directions relating to...

PwC achieves coveted global standard for business continuity management

PricewaterhouseCoopers LLP has become the first major professional services firm to gain certification to BS25999 (Part 2), the recognised world standard for business continuity management...

PricewaterhouseCoopers boosts global financial services consulting team with three partner appointments

PricewaterhouseCoopers LLP (PwC) has appointed three partners to boost its global financial services consulting practice. Kevin Burrowes, a London-based partner, rejoins PwC from Credit Suisse...

14 December 2009

SLP Holdings Ltd (in administration) - update on sale of business

Stephen Oldfield, Chris Pillar and Mark Shires were appointed joint administrators of SLP Holdings Ltd and its subsidiaries (together ‘SLP’) on 27 November 2009. Following...

Copenhagen: ‘Ambition’ not enough in Copenhagen, PwC analysis shows: 2020 emissions overshoot estimated budget by 50GtCO2e

Basic pledges to date will overshoot global carbon emissions budget by 50 GtCO2e in 2020: equivalent to one year's emissions Ambitious end of the pledges...

PwC calls for additional disclosures on pension risk

Organisations should make additional disclosures in their financial statements about pensions risk using some standard measure such as value at risk says PricewaterhouseCoopers LLP (PwC)....

Winter of paid-content as media insolvencies hit 1000 mark

Micropayments may offer a rescue package for publishing – but it’s not as easy as it looks Despite a recent recovery in advertising, the overall...

13 December 2009

Copenhagen week two briefing: Is ambition enough to deliver the deal required?

At the half way point of the Copenhagen Summit, Richard Gledhill and Jonathan Grant of the PwC sustainability and climate change team review the week's...

12 December 2009

The Chancellor could have gone further to support UK enterprise says PricewaterhouseCoopers LLP

While overall the Pre-Budget Report (PBR) last Wednesday was balanced for UK enterprise, the Chancellor could have gone further to support the UK’s private businesses...

11 December 2009

PwC secretaries moonlight on Radio 4 appeal

Over forty secretaries from PwC volunteered to take pledges for the annual St Martin-in-the-Fields BBC Radio 4 Christmas Appeal this week. The telephone appeal runs...

10 December 2009

PwC comments on The Pensions Regulator warning on pension lump sums

The Pensions Regulator has today called for greater scrutiny on enhanced transfer value (ETV) exercises, where former employees who have not yet started to draw...

Pre-Budget Report 2009: How the banks will respond to new payroll super tax

PricewaterhouseCoopers LLP (PwC) experts are available for comment on the impact of the one-off payroll tax levy of 50% that will apply to bankers’ bonuses...

09 December 2009

Government continues to level the playing field for Islamic finance

Mohammed Amin, UK Islamic finance leader, PricewaterhouseCoopers LLP, commented: "Over several years, the UK has become the leading Western country in Islamic finance by taking...

Pre Budget Report increases green funding, but Copenhagen may demand more

The Chancellor of the Exchequer’s Pre Budget Report promised new and redirected support for the UK’s low carbon economic development, but much more will be...

Pre Budget Report 2009: PwC Head of Healthcare reaction

In response to the Chancellor of the Exchequer’s Pre-Budget Report, Ian Wootton, partner and head of healthcare, PricewaterhouseCoopers LLP, said: “Overall no surprises, the announcements...

Pre-Budget Report 2009: Stamp duty / SDRT 1.5% regime

As announced on 1 October 2009, following the ECJ decision in favour of the taxpayer HSBC Holdings Plc, HMRC have closed a specific exemption for...

Pre-Budget Report 2009: Employment tax & National Insurance Contributions

The Chancellor of the Exchequer’s Pre-Budget Report today announced a number of points relating to employment taxes, as follows: - An increase of 1% on...

Pre-Budget Report: Chinks of light for entrepreneurs and small businesses

A number of measures announced by Alistair Darling today will appeal to those running small businesses with ambitions to contribute to the future growth the...

Pre Budget Report 2009: PwC Head of Government & Public Sector reaction

In response to the Chancellor of the Exchequer’s Pre-Budget Report (PBR), Jon Sibson, partner and head of government and public sector, PricewaterhouseCoopers LLP says: “The...

Pre-Budget Report 2009: UK head of tax at PricewaterhouseCoopers LLP reaction

In response to the announcement made today in the Chancellor of the Exchequer’s Pre-Budget Report, Barry Marshall, UK head of tax, PricewaterhouseCoopers LLP, said: "As...

Pre-Budget Report 2009: Further tax rises and spending growth reductions likely to be needed to fill fiscal gap in medium term

The Chancellor set out some plans to fill the fiscal gap in today’s Pre-Budget Report (PBR), notably by additional rises in national insurance contributions from...

Pre-Budget Report 2009: 50% income tax rate and 50% one-off tax paid by employers on bankers’ bonuses

Pre-Budget Report 2009: 50% income tax rate and 50% one-off tax paid by employers on bankers’ bonuses The Chancellor of the Exchequer’s Pre-Budget Report today...

Pre-Budget Report 2009: Interest cap rules to be amended

Confirmation of the process to amend interest cap rules coming in on 1 January 2010 is most welcome,says PricewaterhouseCoopers LLP. Peter Cussons, tax partner, PricewaterhouseCoopers...

It’s store-wars for PwC as it raises cash for Barnardo’s UK

An opportunity for guilt free shopping - Thursday 10th December - bag a bargain donated by Jimmy Choo, Kurt geiger, Harvey Nicks... PwC has gathered...

Pre-Budget Report 2009: PwC welcomes recognition of branch taxation but is disappointed by the lack of clear policy for the UK insurance industry

Further to the Chancellor’s announcement on opening discussions regarding taxation of foreign branches, Colin Graham, insurance tax partner, PricewaterhouseCoopers LLP, commented: "We are encouraged that...

Pre-Budget Report 2009: Pensions

In response to today's Pre-Budget Report announcing that the restrictions on tax relief on pensions membership previously intended for people earning £150,000 or more will...

Pre-Budget Report 2009: Foreign branch profits exemption consultation most welcome

Further to the Chancellor’s announcement on opening discussions regarding taxation of foreign branches, Peter Cussons, tax partner, PricewaterhouseCoopers LLP, commented: “We welcome the announcement of...

Pre-Budget Report 2009: PricewaterhouseCoopers LLP experts offer instant reactions online

13:42pm "Legislation to be introduced in 2011 to remove the tax exemption for workplace canteens utilised in conjunction with salary sacrifice arrangements. Mike Nagle, tax...

08 December 2009

In recession’s aftermath, Asia Pacific real estate markets are flashing positive signals: Emerging Trends in Real Estate® Asia Pacific 2010

Survey from ULI, PricewaterhouseCoopers ranks Shanghai, Hong Kong, Beijing as top real estate investment markets Real estate markets in the Asia Pacific region are holding...

06 December 2009

PwC pre Copenhagen briefing: Do the numbers add up?

Richard Gledhill, and Jonathan Grant, who will lead PwC's team at Copenhagen, analyse the latest developments in climate politics and assess the prospects of a...

05 December 2009

SLP Engineering Ltd (in administration) - Week one update

Following their appointment as joint administrators to a number of SLP companies a week ago, Stephen Oldfield and Chris Pillar from PricewaterhouseCoopers LLP are pleased...

04 December 2009

Pre-Budget Report 2009: A Pre-Budget for growth

With some big decisions and tough choices to be made in next week’s Pre-Budget Report (PBR), tax experts at PricewaterhouseCoopers LLP (PwC) urge the chancellor...

Pre-Budget Report 2009: PricewaterhouseCoopers LLP urges the Chancellor to support enterprise for long-term growth of the UK’s economy

It is critical to the UK economy for the Chancellor to use the Pre-Budget Report (PBR) to support enterprise by setting out a clear longer-term...
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