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31 press releases from April 2010

29 April 2010

Proposed pension accounting changes would reduce reported annual profits by £10bn

Most companies would have to report higher pensions costs under proposed changes to accounting rules from the International Accounting Standards Board (IASB) contained in the...

UK should expect more Indian than Chinese B2B customers in the next 15 years, say PwC economists

The competitive landscape for UK companies is set to transform over the next decade as an influx of Chinese and Indian multi-nationals is joined by...

28 April 2010

New wave of security breaches hitting UK businesses costing them billions, new report shows

After declining in number for the last few years, a new wave of security breaches is hitting UK organisations, costing them billions of pounds, despite...

Aerospace and defence industry international but not yet global, according to PricewaterhouseCoopers (PwC) report

Neil Hampson, Global Aerospace and Defence leader, PricewaterhouseCoopers LLP Within the aerospace and defence industry (A&D), the customer base, sources of production, and research and...

27 April 2010

UK mobile advertising market grew 32% in 2009 to £37.6 million

IAB and PwC research reveals mobile ad spend beat expectations last year Industry categories revealed for the first time – Entertainment & Media and Telecoms...

Roadmap shows shape of information security environment for next decade

A report from the Technology Strategy Board and PricewaterhouseCoopers LLP Trust and identity key drivers for the future of the industry Proving identity online will...

26 April 2010

PwC appoint new director of corporate sustainability

PricewaterhouseCoopers LLP has appointed Bridget Jackson as director of corporate sustainability. She will lead the firm’s internal environmental, community and corporate sustainability strategy. Bridget has...

23 April 2010

Modest GDP growth shows UK economy limping rather than sprinting out of recession, says PricewaterhouseCoopers LLP

This morning's preliminary GDP estimates showed only minimal growth of 0.2% in Q1 2010 compared to market expectations of 0.4% growth, although these provisional estimates...

22 April 2010

Budget deficit undershoots Treasury forecast by around £3 billion in 2009/10 but serious fiscal challenges remain, says PricewaterhouseCoopers

This morning's public borrowing figures show a budget deficit (PSNB including financial transactions) for March 2010 of £23.5bn, which was up from £20.1bn in March...

21 April 2010

Cloud computing and social networking leave UK businesses exposed to cyber attacks, new survey shows

Business use of technology is evolving faster now than at any point in the last decade. Internet use has moved way beyond email and websites...

PwC report anticipates re-think on AIM company executive remuneration

Executive remuneration will be a key issue for AIM companies as remuneration committees work to balance executives’ and investor expectations New AIM rules effective from...

20 April 2010

Will World Cup 2010 refill pub glasses?

Despite staycation - the supermarket, not the pub, will win Landlords must not rely on four-week tournament One in five adults watching the football World...

Volcano disruption - PwC's business continuity leader comments from Qatar

Martin Caddick, PwC's leader of risk and business continuity, comments on the effect that the Icelandic volcano has had on business continuity and what businesses...

Inflation rises to 3.4% in March, but should fall back towards target by the end of this year

Consumer price inflation (CPI) rose to 3.4% in the year to March 2010, up from 3% in February. Estimates by economists at PricewaterhouseCoopers LLP (PwC)...

19 April 2010

Improving credit conditions and business confidence but uncertainty remains about longer term outlook, says PricewaterhouseCoopers’ (PwC) report

Business leaders from PwC across the UK identify improving access to credit for their business clients as a sign of optimism, according to the latest...

16 April 2010

Wider economic implications of Basel proposals have not sufficiently been thought through and could hamper economic growth, warns PwC

PwC responds to the Basel Committee on Banking Supervision's (BCBS) consultative proposals to strengthen the resilience of the banking sector, which closes today. Jeremy Scott,...

PwC research shows UK insolvencies continue to fall – businesses are acting before it is too late

The latest PwC analysis into corporate insolvency numbers demonstrates that the effect of the downturn on UK business is showing more signs of easing. 4,251...

European Commission's fifth Quantitative Impact Study (QIS5) draft specifications provide significant relief to insurance industry

Charles Garnsworthy, partner, PricewaterhouseCoopers LLP, said: "This represents a significant victory for the industry as the Commission's proposals around capital levels go much further than...

15 April 2010

Lehman Brothers International (Europe) – in administration – 18 month progress update

The Joint Administrators of Lehman Brothers International (Europe) (“LBIE”) have updated the creditor community today with the issue of their progress report for the first...

13 April 2010

Global construction industry faces growing threat of economic crime

A quarter of construction companies suffered economic crimes in the past year such as asset misappropriation, accounting fraud and bribery, according to a new survey...

12 April 2010

The New Victoria Hospital Limited – in administration

David Chubb and Mark Shires of PricewaterhouseCoopers LLP were appointed joint administrators of The New Victoria Hospital Limited (“the Company”) on 12 April 2010. The...

New Bribery Act: Companies must counter new risks

The Bribery Act has received Royal Assent. The Act represents the biggest changes to UK laws in this area of business and commerce for many...

Talent mobility 2020: PwC report investigates the future of international work

Number of people on international assignments increased by 25% in the last decade; further 50% growth predicted by 2020 Global organisations placed employees in an...

Global pharmaceutical companies need to take an even closer look at India

The huge potential of the Indian pharmaceuticals market is impossible for foreign companies to ignore, given that it will be one of the top 10...

Local government leaders have 12-18 months to act before public sector recession hits, warns PwC report

All levels of government have been relatively cushioned against the tough times of recession as they have enjoyed a boost in demand for their services...

09 April 2010

Lehman Brothers International (Europe) (in administration) - Pre-Administration Client Money Proposed Payments

Embargoed until 00:01 9 April 2010 In line with their objective to save costs whilst winding down the company, the Joint Administrators of Lehman Brothers...

London returns to top spot in European IPO league, helping Europe outperform the US in first quarter

The London Stock Exchange regained its number one position for Initial Public Offerings (IPOs) among European stock markets in the first quarter of 2010, recovering...

06 April 2010

Companies remain upbeat about their own prospects but less convinced by the outlook for the UK economy

Around two thirds of companies (63%) are more confident about their ability to grow their business in the coming 12 months compared with last year,...

PwC research reveals that most of us are happy with the NHS

· 63% of UK adults are happy with British healthcare, 10% higher than global comparisons A survey of around 500 UK adults revealed that the...

04 April 2010

CRC opens up a value trap for investors in UK companies

CRC scheme creates a direct link between companies’ carbon emissions and cash flows Businesses where emission reductions are difficult to achieve may lock in investors...

01 April 2010

CRC Energy Efficiency Scheme: PwC figures reveal an environmental profit warning for UK business

Companies could be underestimating the impact of the Carbon Reduction Commitment Energy Efficiency regulations according to analysis by PricewaterhouseCoopers LLP, illustrating that the scheme could...
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