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32 press releases from July 2012

31 July 2012

Petroplus Refining and Marketing Limited (in administration) ("PRML" or “the Company”) - Update from the Joint Administrators

The Joint Administrators of Petroplus Refining & Marketing Limited have today published their first progress report on the Administration. The report provides creditors with a...

30 July 2012

Investors in European airports likely to wait up to a decade for valuation multiples to reach pre-crisis levels, according to PwC analysis

Although airport deal activity is increasing in Europe, with a number of airports potentially being put up for sale, the slowing pace of growth in...

PwC's Renewables & Clean Tech team comment on the opening of the Pentland Firth and Orkney Waters Marine Energy Park

PwC's Renewables & Clean Tech team comment on the opening of the Pentland Firth and Orkney Waters Marine Energy Park, incorporating the European Marine Energy...

Manufacturing and construction insolvencies top the 9,000 mark, PwC figures show

· Construction: Over 5,000 construction insolvencies since Q3 2010 · Manufacturing: 3,586 manufacturing firms go under in the same period · London sees biggest regional...

Europe’s banks make slow progress on sale of their non performing loans - PwC report

Europe’s leading banks disposed of some €27 billion of their non-core loan assets during the first six months of 2012 which nearly matches total sales...

PwC insolvency statistics show overall reduction in 2nd quarter but retail insolvencies increase by 10.3%

The latest PwC analysis of corporate insolvency numbers shows that the retail industry is significantly worse off than this time last year, with a 10.3%...

Employee productivity levels sink to new lows, says PwC research

European companies’ employee productivity levels are at a five year low, according to new research by PwC. PwC’s ‘Key Trends in Human Capital 2012’ report...

26 July 2012

Petroplus Refining Teesside Limited (in administration) – sale of assets

Steven Pearson and Ian Green of PwC, joint administrators of Petroplus Refining Teesside Limited ('the Company') since 24 January 2012, are pleased to have been...

25 July 2012

PwC comment on Renewables Obligation Certificate bandings announcement

Commenting on the Renewables Obligation Certificate bandings announcement this morning, Daniel Guttmann, director, PwC renewables & clean tech said: "The announcement that ROC bandings have...

PwC comment on Q2 GDP figures

In response to today's preliminary Q2 GDP figures, Andrew Sentance, senior economic adviser, PwC, said: "This is a much bigger drop in GDP than expected,...

PwC welcomes announcement of £2.4bn Intercity Express rail deal

PwC has welcomed news that the world’s biggest privately financed passenger rolling stock deal, the Intercity Express Programme for Great Western Mainline, has been completed....

PwC comment on the Energy and Climate Change Committee's second report "The road to UNFCCC COP 18 and beyond"

Commenting on the Energy and Climate Change Committee's second report "The road to UNFCCC COP 18 and beyond", Richard Gledhill, partner, sustainability & climate change,...

24 July 2012

Women on board statistics – PwC comments

New statistics released by Business Secretary Vince Cable today show that the number of women in the boardroom of the UK’s top companies has increased...

PwC comments on Ofcom's plans for 4G auction of the airwaves

Valuable spectrum cleared as a result of the digital switch-over will become available next year and this award will enable mobile operators to acquire this...

23 July 2012

The Kay Review – PwC comments

In response to the Kay Review, Sean O’Hare, remuneration partner at PwC, said: “It is good news that Kay is encouraging more of a long-term...

PwC finds a city at the top of its game - Seven years on: how far have London's hotels come since we won the Games?

Commenting on performance of the London hotel market since the successful bid to host the Games was announced, Liz Hall, head of hospitality and leisure...

Telecom Operators to Kick-start Network Decommissioning

PwC study finds both wireline and wireless operators challenged to maximise value, minimise cost and reduce risk of complex network decommissioning programmes Telecom operators around...

The economics of sport: PwC study seeks to benchmark Olympic medals tally

British team should benefit from ‘home town’ effect: projected to win 54 medals Economic size matters in medal tally – but David can still beat...

19 July 2012

Time to look again at 'lost value' of UK listed property sector, says latest PwC Valuation Index

There is a strong argument for reviewing the discount to Net Asset Value (NAV) which is traditionally applied to real estate shares, according to PwC’s...

16 July 2012

PwC comments on HM Treasury Environmental Tax definition

Commenting on HM Treasury's publication of a new definition of enviromental taxation published today, Jayne Harrold, environmental tax specialist, PwC commented “There’s no doubt that...

12 July 2012

PwC comments on OBR fiscal sustainability report

John Hawksworth, PwC's chief economist, commented: "The OBR's latest fiscal sustainability report contains a wealth of useful information, but reaches broadly similar conclusions to last...

House prices to recover but will take a long time to return to previous peaks

In cash terms, average UK house prices projected to be broadly flat for the next couple of years, but then recover gradually later this decade...

11 July 2012

Private Business Awards 2012: Shortlist tells the story of UK private business success

Dr Martens, JCB, Petroleum Experts Ltd and Westbury Street Holdings up for Private Business of the Year – won last year by Dyson New ‘Exporter...

PwC comments on the Social Care White paper

Responding to the Social Care White Paper published today, Michael Kitts, partner, government and public sector, PwC said "Some progress has been made, but many...

09 July 2012

Are businesses taking an unnecessary battering? Adapting to today's risk landscape.

PwC paper says firms still prefer to absorb the blows rather than sidestep them Longer and more damaging chain reaction of supplier disruption in sectors...

Companies’ ability to support their pension promises is declining, says new PwC research

A new PwC study reveals that FTSE 350 companies’ ability to support their defined benefits (DB) pension obligations is now, on average, only marginally better...

PwC survey - where and how UK adults plan to view the Games

With the London Games fast approaching, PwC has carried out a survey to find out where and how UK adults plan to view the Games....

05 July 2012

Smarter strategies for pension scheme gilt holdings could save companies £20bn, says PwC

UK companies whose pension schemes continue to hold their current gilt portfolio could be foregoing a potential saving of around £20bn over the next decade,...

MPC decision - PwC senior economic adviser comments

In response to today's MPC's decision on QE, Andrew Sentance, senior economic adviser, PwC, said: "The decision to restart QE is not unexpected. But it...

04 July 2012

IPO markets return to the doldrums in the face of global growth uncertainty

A slew of IPOs worth well in excess of €8 billion were postponed or cancelled across the world’s stock exchanges last quarter, according to PwC’s...

PwC, the UK's largest private sector graduate employer, comments on the AGR Summer Survey Report.

The bi annual report on the graduate careers market at the UK top graduate employers finds that the average starting salary for graduates is set...

03 July 2012

Finance directors need reality check on transformation ambitions

A new report from PwC on the effectiveness of the public sector finance function highlights the scale of the challenge facing finance professionals in the...
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