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35 press releases from June 2011

30 June 2011

New corporate finance leader at PwC

PwC is pleased to announce, with effect from 1 July 2011, that Stuart McKee has taken on the role of corporate finance leader in the...

Surge in firms using assets to fund pension schemes

New data from The Pensions Regulator shows the use of corporate assets to help plug pension scheme shortfalls has become widely accepted. Some 321 companies...

Strong headwinds tested the hotel sector in Q1 but London soars ahead so far in Q2

Robust rates growth in London in April and May drove a remarkable 11.4% RevPAR* gain in the first five months of this year, compared to...

29 June 2011

Citigroup and Lehman Brothers International (Europe) reach settlement on $2.5bn of assets held in custody

Citigroup and PwC, the administrators of Lehman Brothers International (Europe) (in administration) (‘LBIE’), have reached a settlement on assets, currently valued at over $2.5bn, which...

UCITS IV Directive must be adopted by EU states by Friday - PwC comments on preparedness and impact

The Undertakings for Collective Investment in Transferable Securities Directive, known as UCITS IV, must be implemented into national law by all European Union (EU) member...

28 June 2011

PwC chairman wins most people-focused CEO

Ian Powell, PwC chairman and senior partner was last night awarded most-people focused CEO (private sector) at the HR Magazine Awards. Recognised for his down...

PwC opens its doors to largest ever number of summer interns

88% increase in applications for summer work experience programmes Over 25% of this year’s full time graduate intake will be returning interns PwC, the professional...

27 June 2011

Retailers feel the squeeze as summer officially begins

Last week, according to research by PwC, 70% of stores on the high street were on sale or advertising promotions in their shop window, such...

24 June 2011

European businesses cautious on radical audit reform

European businesses oppose prescriptive solutions, but support the need for more dialogue and disclosure Europe’s businesses largely oppose prescriptive solutions to shaking up the audit...

23 June 2011

Council of the European Union proposes delaying Solvency II until 2014 - PwC comments

PwC comments on the publication of the Council of the European Union’s latest Presidency Compromise on the Omnibus II Directive, which includes a proposal that...

PwC Budget consultation response says REIT shake-up would encourage more institutional investors into housing market

PwC Budget consultation response says REIT shake-up would encourage more institutional investors into housing market In its response to a consultation announced by HMRC in...

21 June 2011

Fear of attacks strikes global transport & logistics industry

Attacks on supply chains likely to rise Businesses urged to invest in security now to protect supply chains Survey highlights a 56% probability of attacks...

20 June 2011

PwC comments on BoE/PRA paper on insurance supervision

Jim Bichard, insurance regulatory partner at PwC, said: "Despite the current rumours of a slippage to the Solvency II deadline, the FSA has made it...

Hedge fund infrastructure critical to addressing regulatory and business requirements

The crisis has been game changing for the way the sector will evolve, particularly in terms of infrastructure requirements Having the right people, repeatable processes...

17 June 2011

Proposals on residency and domicile are biggest changes for 90 years, says PwC

Sean Drury, international mobility partner at PwC, commented on HMRC's consultations on a statutory residency test and taxation of non domiciled indivduals: "Today's consultations represent...

16 June 2011

New accounting rules will wipe £10bn off UK company profits but unlikely to change investor perceptions, says PwC

The long awaited revised pension accounting standard IAS 19 has now been published. This changes the way companies must account for pension costs on balance...

PwC comments on flexible working and parental leave proposals

The Government today launched a consultation around flexible working, parental leave, equal pay and working time regulations. Parental Leave Stephen Gummer, Head of Employment and...

15 June 2011

PwC comments ahead of Osborne's Mansion House speech on the impacts of ring-fencing retail banks

In advance of George Osborne’s Mansion House speech, PwC’s banking experts are available for comment on the potential impacts of ring-fencing retail banks on the...

14 June 2011

Redundant companies costing UK corporate groups over half a million pounds a year

Over a third of entities in a typical group structure are dormant Change in accounting rules will bring added cost pressures and could reactivate dormant...

UK inflation remains unchanged at 4.5% in May, but could rise to 5% later this year

UK inflation in May remained unchanged at 4.5%, more than twice the Bank of England target, according to the latest figures from the Office for...

Non-performing loans balloon for European banks as coverage slips – PwC

The volume of non-performing loans (NPLs) carried by Western European banks ballooned between 2007 and 2010 while coverage provisions for their loss grew at a...

It’s the golden age for the digitally empowered consumer, says PwC

A new collaborative Entertainment & Media industry emerges from the recession but who will pay for content and infrastructure? This is a golden age for...

13 June 2011

PwC responds to HM Treasury’s Patent Box Consultation Document

The Government has released a consultation document on the patent box. This is further to the wider Corporate Tax reform consultation, published by the Government...

Businesses must address gender inequalities or EU will tackle these itself

"If Corporate UK fails to act on its own volition to improve gender equality, legislation is likely to take the matter out of its hands....

PwC a best green company for fourth year running

PwC has featured in the Top 60 Best Green Companies list for the fourth year running, and is the only Big Four firm on the...

10 June 2011

PwC responds to Scottish government paper, 'UK Continental Shelf Tax Regime – Options for Reform'

John Ritchie, energy tax specialist at PwC, Aberdeen responds to the launch today of a Scottish Government paper, ‘ UK Continental Shelf Tax Regime –...

PwC responds to HM Treasury’s R&D Consultation Document

The further consultation on Research & Development tax credits published by HM Treasury today has encouraging news for companies of all sizes performing R&D. It...

09 June 2011

Feed in Tarrif review - PwC comment

09 Jun 2011 13:20 Daniel Guttmann, Director, PwC Renewables and CleanTech comments on DECC's announcement on the fast track review of Feed in Tariffs (FiTs):...

07 June 2011

PwC announces partners in social enterprise investment venture

PwC, the professional services firm, has announced an exciting and pioneering three-way partnership between the private, public and third sectors to help disadvantaged individuals develop...

Record results but it’s clear the game has changed for the mining industry

o Combined net profits hit $100 billion o Operating cash flows up 59%, leaving more than $100 billion cash on hand o Emerging market miners...

05 June 2011

PwC preview the UN Climate Change Negotiations, Bonn, June 2011

Almost half way along the road to the UN climate conference in Durban, the latest round of climate negotiations take place in Bonn this week,...

03 June 2011

PwC and British Property Federation collaborate to create guide for landlords

PwC’s real estate business recovery team has worked with the British Property Federation (BPF) to develop a guide for landlords faced with distressed or insolvent...

E7 banking markets to overtake G7 earlier than projected - shift accelerated by financial crisis

China could become biggest banking market in the world within 15 years with projected domestic banking assets of over US$30 trillion by 2030; India to...

01 June 2011

Carbon traders’ confidence still recovering from Copenhagen.

Market sentiment is recovering slowly after the lows post Copenhagen and traders admit that future carbon credit prices alone are not expected to be high...

Does the future of aerospace & defence lie in ‘intelligent’ avionics, asks PwC

Groundbreaking composite technologies take aerospace to new heights Defence budgets in mature markets will be cut but productivity must still improve Industry pushed to build...
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