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33 press releases from October 2012

31 October 2012

Update from the Joint Administrators of Manganese Bronze Holdings

The administrators have today met with staff to explain that, regrettably, there will be 156 redundancies with immediate effect. Matthew Hammond, joint administrator and PwC...

30 October 2012

The Government's plans to boost employee ownership need to go further, say PwC

Commenting on the Government’s approved plans for a range of activities to help support more British businesses to become employee-owned, Carol Dempsey, partner at PwC,...

Manganese Bronze Holdings plc, LTI Limited, MBH Services Limited and MBH Property Services Limited – in administration

Matthew Hammond, Tony Barrell, Ian Green and Mike Jervis were appointed joint administrators of Manganese Bronze Holdings plc, LTI Limited, MBH Services Limited and MBH...

Over 85% of alternative fund managers not prepared for AIFMD, according to PwC survey

A survey of alternative managers by PwC has shown that over 85% have not started compliance or implementation programmes to address requirements of the Alternative...

29 October 2012

Another tough year for UK law firms as financial performance remains flat across the sector - PwC survey

The UK legal sector has had another tough year with challenging market conditions, according to the latest annual survey of the Top 100 law firms...

PwC survey - holidays slowly becoming a spending priority again

Holidays will be seniors’ top spending priority next year Findings of a recent PwC consumer behaviour and travel survey show the changing holiday habits of...

26 October 2012

Gas fuels European deals bounce back, with $4-5bn on the table for future onshore wind sales

PwC European Power and Renewables Deals Quarterly M&A Outlook A surge in gas deals has helped drive a 28% increase in deal activity in the...

25 October 2012

Chinese investments in Europe to continue growing despite economic downturn, PwC report predicts

Chinese companies invest more in European targets than vice versa Privately-owned Chinese companies now looking to acquire overseas UK starting to lose out to Germany...

GDP figures - PwC chief economist comments

In response to the preliminary Q3 GDP figures out today, John Hawksworth, PwC’s chief economist, said: "Today's figures show healthy GDP growth of 1% in...

PwC comments on today's GDP figures for the construction sector

In response to today's GDP figures for the construction sector, Jonathan Hook, construction leader at PwC, said: "The decline in construction output of 2.5% is...

24 October 2012

ONS pensioner income data: PwC comments

In response to the ONS data released today on pensioner income and expenditure, Raj Mody, head of pensions consulting at PwC, said: “Despite retired households...

Historic equal pay ruling – PwC comments on business implications

A ruling by the Supreme Court today means people can now bring an equal pay claim through the civil courts, rather than being restricted to...

Global consumer spending slowdown eases, according to new PwC index

Growth in global consumer spending has been slowing, but the latest value of PwC’s new Global Consumer Index (GCI) suggests that the slowdown may have...

23 October 2012

PwC working capital partner comments on the government's new "supply chain finance" scheme

Commenting on the government's new "supply chain finance" scheme, which could reduce working capital expenditure for small businesses, PwC Robert Smid, working capital partner, said:...

18 October 2012

Multiple retailers closures accelerate to 20 stores a day on average across Britain’s town centres in the first half of 2012, says PwC and Local Data Company analysis

· Toy shops, clothes shops, jewellers, card & poster shops and furniture stores all falling in numbers · Discount stores, convenience stores, coffee shops, bookmakers...

17 October 2012

PwC: European financial services M&A activity up by a third in Q2 2012

The UK was the most active market, generating 48 deals compared with 33 in the first quarter of 2012. The UK was followed by Russia...

UK companies need to engage on IORP impact assessment to ensure outcome is appropriate, says PwC

The European Insurance and Occupational Pensions Authority (EIOPA) has launched an impact assessment on the Institutions for Occupational Retirement Provision (IORP) directive, as part of...

16 October 2012

FCA reform plans - PwC comments

In response to FCA reform plans being published today, Kevin Burrowes, UK financial services leader at PwC, commented: "The City now well and truly has...

Pot follows member pensions debate - PwC comments

In response to the Government's 'pot follows member' pension proposal, Peter McDonald, partner in PwC’s pensions team, said: "We can’t ignore the issue which the...

Latest PwC insolvency statistics show real estate sector still under pressure

The latest PwC analysis of corporate insolvency figures suggests that the UK real estate sector had a tough last quarter, with the sector still facing...

12 October 2012

Lehman Brothers Europe administration progress report: First interim distributions to unsecured creditors planned by the end of November 2012

Lehman's UK administrators have today issued their eighth updated report to creditors of LBIE, the largest and most complex of the failed Lehman group companies...

11 October 2012

London takes top accolade in annual global PwC study of major finance capitals

London has climbed from sixth last year to rank top in a virtual tie with New York in the fifth edition of Cities of Opportunity,...

10 October 2012

PwC boosts pensions risk consulting practice

PwC continues to expand its pensions risk and investment consulting capability with the appointment of Paul Kitson and Deon Dreyer. Paul was most recently at...

PwC chairman Ian Powell focuses on need to restore trust in business, as real estate companies’ win praise for their focus on sustainability

At PwC’s recent annual Building Public Trust Awards dinner, excellence in corporate reporting was recognised as a key element in rebuilding trust in business. The...

09 October 2012

UK DIGITAL AD SPEND GROWS 12.6% TO £2.6 BILLION IN FIRST HALF OF 2012

Mobile up 132% to £181.5 million; video up 43% to £69.8m; Banners in social media up 36% to £134.2m FMCG joins Finance as biggest digital...

08 October 2012

Environmental impact of new consumer products laid bare in first product report for PUMA

PUMA, with the support of PwC and Trucost, today launch the results of its first product level Environmental Profit & Loss (E P&L) accounts identifying...

PwC insolvency statistics show corporate insolvencies are down but the hospitality and leisure sector has been hit hard in the past year

The latest PwC analysis of corporate insolvency numbers shows that hospitality and leisure (H&L) was one of the worst off sectors in the twelve months...

05 October 2012

PwC chairman Ian Powell focuses on the need to restore trust in business

At PwC’s annual Building Public Trust Awards dinner, held on Thursday 4 October, excellence in corporate reporting was recognised as a key element in rebuilding...

PwC chairman Ian Powell focuses on the need to restore trust in business

At PwC’s annual Building Public Trust Awards dinner, held on Thursday 4 October, excellence in corporate reporting was recognised as a key element in rebuilding...

European IPO markets enjoy second wind after Olympics

In Q3 2012, PwC’s IPO Watch Europe survey reported 57 IPOs raising €4.4bn, compared with 81 IPOs raising €0.7bn in Q2 2012 and 121 IPOs...

04 October 2012

PwC welcomes new graduates, after seeing highest levels of interest for student programmes

Voted the top graduate employer for a record-breaking ninth consecutive year, PwC is welcoming the last of the 1,200 new graduate joiners through its doors...

02 October 2012

High-level Expert Group report on reforms to the structure of the EU banking sector – PwC’s UK financial services leader comments

Commenting on the High-level Expert Group report on possible reforms to the structure of the EU banking sector, published today, which revolve around large banks...

01 October 2012

Auto-enrolment will kick-start the nation into saving, but millennials' pensions will fall far short of today’s pensioners, says PwC research

New PwC analysis reveals that a 22 year old woman being auto-enrolled in to a pension scheme from Monday is likely to end up receiving...
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