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37 press releases from February 2010

26 February 2010

Pensions tax proposals for higher earners – PwC responds to government consultation and warns of adverse impact on workplace retirement savings

Government consultation on implementing new pensions tax proposals closes Wednesday 3 March Three-quarters of employers say their motivations to provide quality workplace pensions have decreased...

PwC response to economic growth figures - John Hawksworth comments

In response to today's revised economic growth figures showing that the UK economy grew by 0.3% in the final three months of last year, John...

Banks and financial institutions given the tools to move onto the frontline for battle against deforestation

New forestry finance guidance raises the bar for reputational and risk management in forestry project financing Supports the finance sector’s move towards sustainable financing of...

25 February 2010

Small yet plentiful is the name of the game in metals deal-making according to PricewaterhouseCoopers report

The steep fall in metals deal value continued in 2009 with total value charting a course which took it back to below levels last seen...

The year of the survivor and the opportunist in mining sector according to PricewaterhouseCoopers (PwC)

In 2009 mining M&A saw significant decreases in values and also changes in the characteristics of buyers and sellers. Sellers were acting largely through necessity...

PwC hits top ten in 2010 business superbrands

PricewaterhouseCoopers LLP has been ranked in the top ten of 2010 Business Superbrands survey of the top 500 business brands. It is the highest position...

PwC comments on the Financial Ombudsman Service's complaints data

Commenting on the publication of Financial Ombudsman Service's complaints data today, David Taylor, partner, PricewaterhouseCoopers LLP, said: "The increase in complaints against financial services companies...

PricewaterhouseCoopers LLP names Mohammad Khan as new UK Islamic finance leader

PricewaterhouseCoopers LLP (PwC) has appointed Mohammad Khan as its new UK Islamic finance leader. Mohammad, will take up the role with immediate effect. Mohammad takes...

PwC says reset retirement timetable in response to fiscal and social changes

• State Pension Age should rise to 67 by 2030 and 70 by 2046 • Default Retirement Age for employees should be scrapped The State...

24 February 2010

Proposed capital distribution legislation will remove uncertainty over tax liability for corporates

The announcement from Government to introduce draft legislation in the Finance Bill will remove uncertainty for corporates on the treatment of capital distributions, says PricewaterhouseCoopers...

23 February 2010

FII GLO Court of Appeal judgment disappointing

Today’s Court of Appeal judgment ruling in the case of the Franked Investment Income Group Litigation Order (FII GLO) is disappointing for taxpayers, leaving claims...

PwC comments on the release of the BBA’s January statistics for the main High Street banks

Commenting on the release of the British Bankers’ Association’s (BBA) January statistics for the main High Street banks, Steve Davies, retail banking partner, PricewaterhouseCoopers LLP,...

22 February 2010

Aerospace and defence deals at lowest total value for a decade according to PricewaterhouseCoopers report

The fast descent of deal values in aerospace and defence (A&D) spurred by recession and the banking crisis of 2008 continued into 2009 with the...

Draft Tax Framework for business welcome says PricewaterhouseCoopers LLP

Today’s announcement from Government of a draft Tax Framework for business, and the work stream it is part of, is most welcome says PricewaterhouseCoopers LLP....

Aerospace and defence deals at lowest total value for a decade according to PricewaterhouseCoopers report

The fast descent of deal values in aerospace and defence (A&D) spurred by recession and the banking crisis of 2008 continued into 2009 with the...

Draft Tax Framework for business welcome says PricewaterhouseCoopers LLP

Today’s announcement from Government of a draft Tax Framework for business, and the work stream it is part of, is most welcome says PricewaterhouseCoopers LLP....

Aerospace and defence deals at lowest total value for a decade according to PricewaterhouseCoopers report

The fast descent of deal values in aerospace and defence (A&D) spurred by recession and the banking crisis of 2008 continued into 2009 with the...

PwC CEO survey sheds light on companies’ people strategies and post-recession role of HR

85% of UK CEOs expect to overhaul the way their organisations manage people though change Prosperity depends on an increasingly-limited number of talented people producing...

19 February 2010

London Town Plc – Financial restructuring/Sale of business

David Chubb and Mike Jervis of PricewaterhouseCoopers LLP were appointed as joint administrators to London Town Plc and one of its subsidiaries, GRS Inns Limited,...

PricewaterhouseCoopers LLP responds to the Audit Commission’s briefing paper “Countdown to IFRS”

In response to the Audit Commission’s briefing paper “Countdown to IFRS” which reports on the poor state of readiness among local authorities for the introduction...

18 February 2010

Treasury could still hit budget deficit forecast for 2009/10 despite disappointing January public borrowing figures, says PricewaterhouseCoopers LLP

This morning's public borrowing figures show a budget deficit (PSNB) for January 2010 of £4.3bn, as compared to a £5.3bn surplus in January 2009. The...

17 February 2010

Gaines-Cooper residency case - PwC welcomes judgment on tax treatment of employees who work or are seconded abroad

A long-awaited judgment was yesterday handed down in the Judicial Review of HM Revenue & Custom’s (HMRC) application of its guidance on UK Tax residency,...

16 February 2010

Inflation could rise to 4% in January, but no reason to panic

Consumer price inflation (CPI) rose sharply to 2.9% in the year to December 2009 and estimates by economists at PricewaterhouseCoopers LLP (PwC) suggest a further...

M&A activity in European financial services at lowest level in 6 years, according to PwC

2009 saw a steep decline in European financial services M&A activity with values, excluding government led deals, hitting their lowest levels for 6 years. By...

15 February 2010

Finance is fighting to function finds PwC study

• Business leaders expect more from their finance functions • Yet only 11% of finance staff are in roles which partner with the business •...

Assumptions on graduate academic performance challenged by new access route to top graduate scheme at PwC

PwC to widen access to training scheme by changing assessment route to identify high potential candidates Applicants to new access route will not have to...

08 February 2010

Environmental Audit Committee Report on Carbon Markets – PwC carbon market team comment and analysis

Commenting on the report by the House of Commons Environment Audit Committee on “The role of carbon markets in preventing dangerous climate change”, Richard Gledhill,...

Fate and viability of carbon markets does not lie in UK hands alone - PwC

PwC comment on Environmental Audit Committee Report on Carbon Markets Uncertainty over EU and international targets impacting market confidence Traders and market theorists will argue...

05 February 2010

PwC: Business insolvencies coming out of the storm

Numbers driven by increase in CVAs and property receiverships Figures decrease, but annual total at highest level for a decade PricewaterhouseCoopers LLP analysis of today’s...

PwC: Bankrupt Britons at highest level since records began

Figures released today by the Government’s Insolvency Service revealed that levels of personal insolvency in the UK have increased for the eighth consecutive quarter and...

04 February 2010

PwC comments on current dispute over public sector employment terms

In response to recent reports on disputes over public sector terms of employment, Jon Sibson, partner and head of government and public sector, PricewaterhouseCoopers LLP...

Additional sustainability-related business opportunities could reach $3-$10 trillion per annum by 2050 or 1.5%-4.5% of world GDP

Energy and health & education sectors offer particularly large investment opportunities By 2020, investment could reach $500bn per annum New PwC research undertaken as part...

03 February 2010

Copenhagen Accord: pledges are half of what is required for low carbon pathway

PwC’s sustainability and climate change team analyse the updated pledges made following the Jan 31 deadline for the Copenhagen Accord national plans. Leo Johnson, partner,...

01 February 2010

PwC expands pensions credit advisory team with appointment of Martine Trouard-Riolle

PricewaterhouseCoopers LLP (PwC) has appointed Martine Trouard-Riolle to its pension credit advisory team. Martine, who joins from Penfida, joins as a director and will advise...

Political interference ‘now the greatest risk facing the global banking industry'

Banana Skins’ poll identifies top threats to banks The greatest risk now facing the banking industry is not financial but political, according to the latest...

Europe's real estate industry in for 'long, slow haul' to recovery

Emerging Trends survey cites Munich, Hamburg, Paris and London as promising for investment LONDON (February 1, 2010) With some credit easing and property values stabilising,...

Globespan Hearing Update

At the High Court in London today, Judge Floyd took the decision to adjourn the hearing for the administration of E-Clear until Tuesday 19 January...
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