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30 press releases from May 2012

30 May 2012

PwC comments on Fair Access to Professional Careers progress report

Gaenor Bagley, Head of People, PwC comments on the progress report on social mobility: ”As an employer you want the right person with the right...

Four out of five market experts call for intervention in EU Emissions Trading Scheme

Leading industry players call for EU intervention to boost the emissions trading market but warnings sounded on scale of action needed Expectations for future prices...

29 May 2012

Continued austerity the ‘new norm’ for councils, as local government tackles demand and public opinions harden

• Councils successfully address front-loading of financial cuts but public views about acceptance of cuts is hardening • Councils increasingly focused on the need to...

28 May 2012

Petroplus Refining and Marketing Limited (in Administration) (“PRML”) - Update by the Joint Administrators

In February the Joint Administrators of PRML announced that they had entered into an arrangement which allowed operations to continue at the Coryton refinery whilst...

24 May 2012

PwC splits its Northern practice and invests in new leaders for growth

With a renewed focus on growth opportunities across each region in the North, PwC has announced that it will split its Northern practice into two...

22 May 2012

PwC comment on the EMR White Paper

Commenting on the EMR White Paper, Ronan O’Regan, director, energy, PwC said: “There are no policy u-turns in the draft Energy Bill, so even where...

Investor appetite for acquiring non-core loan assets from European banks is on the rise – PwC survey

· Investors have accumulated nearly €60 billion to invest in non-core European loan assets · Portfolios with a face value of €50 billion expected to...

Rio+20: Seven out of ten CEOs would take action on global sustainability challenges

Affordable energy identified as the decade’s biggest business concern in sustainable development Concerns intensifying significantly within a decade on water scarcity, food security and climate...

21 May 2012

The impact of the Queen's Diamond Jubilee on hospitality, leisure and retail

Around one million visitors lined the streets for The Royal Wedding last year and PwC estimated that the economic benefit from the Royal Wedding to...

Executives don’t value their pay plans – PwC and LSE study

Many aspects of current incentive plans don’t motivate the executives they are aimed at Increased complexity and deferral puts upward pressure on pay levels Most...

Membership of The Green Deal Finance Company more than doubles

The Green Deal Finance Company Limited has doubled its membership since its incorporation in March, in another significant milestone in the preparations for the roll-out...

18 May 2012

Not all employers may get their first choice of pension scheme for auto-enrolment, says PwC

New research issued today by NEST has suggested that one fifth (21%) of large employers in the private and not-for-profit sectors are quite or very...

Charities have to tackle ‘new normal’ economic conditions to survive - PwC

An economic climate of disappointing growth and volatility could be the ‘new normal’ for charities, prolonging the challenging fundraising climate, and further shocks cannot be...

16 May 2012

PwC comments on EU pay plans

Commenting on Michel Barnier’s proposals to give European shareholders a binding vote on pay and grant investors powers to set a cap on bonus levels,...

PwC asks - Is venture capital funding for technology and digital media companies in the UK dead?

61% of entrepreneurs believe negative attitudes to failure hold UK entrepreneurship back 60% think US investors are more ready and willing to embrace risk than...

15 May 2012

Infratil appoints PwC as advisors in Prestwick Airport sale

PwC has today been confirmed as acting advisors to Infratil in the sale of Glasgow's Prestwick Airport. It remains advisors in the sale of Manston...

Welcome to the world of work: someone born today won’t get state pension until age 77, says PwC

The long working life ahead of today’s children is highlighted by new PwC projections. Someone born today is unlikely to receive their state pension until...

14 May 2012

China GreenTech 2012: Shale Gas and Coalbed Methane could meet China’s booming domestic energy demand

Third annual report on the China Green Tech Market from the China GreenTech Initiative, of which PwC is the strategic advisor. China maintains position as...

10 May 2012

PwC: UK investment funds in line for €20bn tax rebate

Investment funds win case against discriminatory French withholding tax The European Court of Justice (ECJ) has ruled that foreign investment funds that invest in French...

09 May 2012

New PwC Executive Board announced

Ian Powell, PwC Chairman and Senior Partner, has today announced changes to the PwC Executive Board. Ian Powell said: "I am delighted to welcome John...

Queen’s Speech 2012 – PwC comments on Banking Reform Bill

In response to the Queen’s Speech today which addressed plans to split banks into their retail and investment banking functions as part of the Banking...

08 May 2012

Real estate investors need to adapt as emerging markets start to dominate

Speaking at the 2012 Cambridge Real Estate Finance and Investment Conference, PwC real estate partner John Forbes said: "Back in 2007, we predicted that the...

PwC comments on the Advocate-General's opinion on Deutsche Bank AG VAT liability for discretionary investment management services

The Advocate-General of the European Court of Justice has published her opinion this morning on the VAT liability of discretionary investment management services, stating they...

Financial services companies need a different approach to their graduates, or risk losing out when the job market improves – PwC research

Financial services firms need to adopt a different approach to their graduates’ careers or risk the sector’s current talent shortage growing further. This is according...

Soaring commercial aviation market drives best year yet for aersospace & defence industry

· 2012 is likely to be another strong year for A&D sector · Record number of large commercial aircraft orders driving sustained backlog · Lower...

07 May 2012

Overseas investors, insurance and investment funds eye up European power asset sell off

PwC European Power & Renewables Deals Quarterly Outlook Insurance companies stepping up interest in both power and renewable energy assets Government response to sovereign debt...

04 May 2012

PwC: Personal insolvencies rise this quarter but lower than this time last year

Figures released today for the first quarter of 2012 by the Government's Insolvency Service reveal that overall levels of personal insolvency in England and Wales...

PwC: Corporate insolvencies rise and retail continues to be the worst hit

PwC analysis of today’s national corporate insolvency statistics found that 5,772 companies entered insolvency in the first quarter of 2012. This is an increase of...

03 May 2012

EU bank capital talks – PwC comments

Richard Barfield, director at PwC, said: "The G20 and the Basel Committee would like to see as level a playing field as possible - a...

02 May 2012

Rock Farm Dairy Limited – in administration (update)

The creditors meeting of Rock Farm Dairy Limited was held at Blackwell Grange Hotel on 1 May 2012. The position for creditors of Rock Farm...
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