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25 press releases from February 2012

29 February 2012

What are you doing with your extra day this leap year? PwC helps make a difference for hundreds of students across the UK

University students may cite bleak job prospects as a reason to stay in bed all day, but they can’t today because PwC is giving hundreds...

PwC comments on the FSA’s Solvency II conference

PwC comments on the FSA’s Solvency II conference where the regulator announced new deliverables for insurers’ Internal Model Application Process and commented on the ongoing...

28 February 2012

BRIC economies lost growth momentum in 2011 but US economy shows signs of improvement

BRIC economies will continue to drive global economic growth in 2012 but have been losing momentum in the second half of 2011 and further slowing...

Tax Contribution of UK's biggest companies bounces back, rising 14% to £67.7bn

The Government’s tax take from Britain’s largest companies rose 14% (£8.3bn) in the year ending March 2011 to reach £67.7bn, reveals PwC’s annual report for...

23 February 2012

PwC’s UK hotel forecast – congratulations and commiserations ahead for 2012 and 2013

- Record occupancies all round for 2012 - London 2012 Games makes for a record year in the capital with 2.8% RevPAR growth - Depressed...

21 February 2012

China specialist appointed to PwC’s UK Sustainability & Climate Change team

PwC have appointed a specialist in China climate change policy and sustainable business, Allan Zhang, to the firm’s UK Sustainability and Climate Change team. PwC...

17 February 2012

Multiple retailers closed 14 stores a day on average across Great Britain in 2011, says PwC and Local Data Company analysis

Bookshops, electricals, home furnishing, menswear, off-licenses, bars/pubs and travel shops are all falling in numbers Charity shops, pound shops, bakers, credit unions and supermarkets/convenience stores...

Capital requirements threat for pensions draws closer - hundreds of UK companies could be driven to insolvency

- PwC says outcome could range from benign to catastrophic depending on key details still to be negotiated The European Insurance and Occupational Pensions Authority...

15 February 2012

Petroplus Refining & Marketing Limited (PRML)(In Administration)

Update from the Joint Administrators The Joint Administrators of Petroplus Refining & Marketing Limited (PRML) are pleased to announce that they have today signed a...

Economic, regulatory and talent issues holding back growth for insurance CEOs

Over two thirds (70%) of insurance CEOs are planning on changing their strategy over the next 12 months as they try to see past the...

PwC Social Enterprise support programme expands to build community business skills

PwC’s nationwide network of specialist social entrepreneur mentors has expanded to 100, following huge interest from the firm’s employees to help support budding entrepreneurs at...

14 February 2012

Social entrepeneur celebrates first visit from Royal Patron at The Brink

HRH the Duchess of Cambridge’s association with Action on Addiction boosts income for the Liverpool social enterprise Liverpool dry bar, The Brink, was celebrating today...

Retail sector multiples near all time lows but with good reason, says latest PwC Valuation Index

Despite profit multiples (a key indicator when assessing value) being close to an all time low for the retail sector, there is no compelling reason...

10 February 2012

PwC comments on the EBA's assessment of banks' capital plans and next stress tests

PwC comments on the European Banking Authority (EBA) Board of Supervisors’ preliminary assessment of banks’ capital plans submitted in response to the EBA’s recommendation on...

09 February 2012

PwC comment on environmental reporting and goverment accounts

Commenting on Caroline Spelman's speech today commenting on the UK seeking to 'move away from using GDP as the sole indicator of progress in government...

Feed in Tarriffs: "Mixed bag for the industry" with latest annoucement

Analysing the implications of the government's announcement on Feed In Tariffs, Daniel Guttmann, director, renewables and cleantech, PwC said: http://www.decc.gov.uk/en/content/cms/news/pn12_010/pn12_010.aspx "Overall, today's announcement is somewhat...

08 February 2012

PwC survey shows brain drain is biggest threat to T&L CEOs

Hit by the brain drain, T&L CEOs say they struggle to find and keep young workers. PwC survey shows brain drain is biggest threat to...

Social entrepreneurs get vital business boost with new support centre

PwC survey shows two out of three people believe businesses have a responsibility to help the communities in which they are based. Mayor of London,...

07 February 2012

Aerospace & defence M&A results are record-breaking, says PwC

2011 yielded a 10-year ‘high’ in both deal value and volume US transactions dominated activity and cross-border deals increased Anticipated elevated level of M&A activity...

Apprenticeships will strengthen recruitment and drive diversity in professional services

National Apprenticeship Week: Employer consultation opened by PwC on first Higher Apprenticeship for Professional Services industry PwC has launched a consultation with employers in the...

06 February 2012

Precious Plastic 2012: Three successive years of paying off their debts, but UK consumers are still saddled with £8000 in unsecured debt per household

The credit card is facing a 'mid-life crisis' as younger consumers turn digital Pay-day lenders becoming mainstream The uncertain economic outlook continues to play on...

05 February 2012

Petroplus Refining & Marketing Limited (in administration) (PRML) - Update from the Joint Administrators

The joint administrators of PRML announced today that they have successfully acquired further oil to be refined at Coryton. Steven Pearson, joint administrator and PwC...

03 February 2012

PwC - Clarity on equivalence is good news for global insurers

The European Commission has today set out which countries it has asked EIOPA to assess for transitional equivalence during 2012. This process will ultimately determine...

Non-core loans of European banks now stand at 2.5 trillion euros, according to the latest estimate from PwC

In eight European markets, banks are currently holding in excess of 500 billion euros of non-performing loans Loans with a face value of 50 billion...

PwC inspires female business leaders of the future

Leading professional services firm PwC has received almost 400 applications for its new female partner shadowing scheme whereby undergraduates join the firm for a week...
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