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35 press releases from February 2014

28 February 2014

Internacionale UK Limited -in administration

Internacionale UK Limited –in administration (“Internacionale” or “the Company”) Bruce Cartwright, Lyn Vardy and Toby Underwood of PwC were appointed as joint administrators of Internacionale...

PwC response to FCA’s consumer credit final rules

In response to the FCA’s publication of the final rules for the regulation of consumer credit from 1 April 2014, Craig Gentle, PwC’s consumer credit...

26 February 2014

GDP figures - PwC chief economist comments

In response to revised GDP data released today, John Hawksworth, PwC’s chief economist, said: "Today's UK GDP data saw a small downward revision to estimated...

The comeback kid for 2014: Mining’s short-term pain turning to long-term gain

Despite 2013 being one of the worst years for M&A in recent history, mining activity is expected to increase in the coming months with developed...

UK private businesses look to the future

Three in 10 (28%) of UK private businesses claim better financial health than before financial crisis; 38% intend to hire new staff this year; 31%...

24 February 2014

UKCS Maximising Recovery Review – PwC response

Plans to introduce a better resourced, more capable and involved Regulator that will encourage greater collaboration with the oil and gas industry and drive more...

Online shopping via PC is declining faster than store shopping in the UK, as consumers switch to mobile and tablets

Online shopping via PC is declining – down 7% from 2012, store shopping down 5%; While online shopping via mobile and tablet is growing –...

21 February 2014

Retail sales figures - PwC chief economist comments

In response to ONS UK retail sales figures released today, John Hawksworth, PwC’s chief economist, said: "Retail sales volumes remained strong in January, with growth...

Public borrowing figures - PwC chief economist comments

In response to public sector finance data released today, John Hawksworth, PwC’s chief economist, said: "The public finances were in surplus in January, which is...

Eastern light continues to shine on metals deals, amidst falling international deals activity

Value of M&A deals in Asia Pacific has almost trebled in 2 years But, competitive energy prices will prompt geographical re-balancing Slow growth and continued...

20 February 2014

PwC comment: January UK car output makes solid start to 2014

UK car manufacturing has made a solid start to 2014, matching the strength of January 2013, industry figures have shown. Phil Harrold, automotive partner, PwC,...

19 February 2014

PwC comment on ONS earnings data – some sectors now seeing rising real pay levels

John Hawksworth, chief economist at PwC, commented that: “Today’s new data from the ONS shows a further narrowing between growth in average pay levels, which...

Economic crime still strikes with staff frauds on the rise – PwC survey

Economic crime continues to affect UK companies, with theft from employers on the rise, according to PwC’s Global Economic Crime Survey 2014. The number of...

18 February 2014

PwC comment on ONS house price data: Average London property could be worth almost double the UK average by 2020

In response to ONS house price figures out today, Will Zimmern, senior economist, PwC, commented: “Latest data from the ONS shows that average house prices...

PwC: Asset management CEOs optimistic about future revenues

More than half expect to take on more staff in the next year Research from PwC has revealed that 97% of asset management CEOs are...

17 February 2014

PwC builds technology capabilities through Mokum acquisition

160 employees to join PwC Technology team in April Deal will enhance the firm’s IT enabled transformation capability PwC has acquired Mokum, a leading consultancy...

Multinationals close the door on defined benefit pensions as deficits become unmanageable, says PwC survey

Death of DB pensions now a global phenomenon with renewed determination to tackle legacy liabilities Employers recognise they need to adopt “new paternalism” for future...

14 February 2014

New Deferred Prosecution Agreements (DPAs) - PwC comments

New Deferred Prosecution Agreements (DPAs) will be available to Crown prosecutors by 24 February, following the publication today of a code of practice from the...

Eurozone GDP figures - PwC comments

In response to the Eurostat eurozone Q4 2013 GDP figures out today, Richard Boxshall, senior economist at PwC, said: “Today’s GDP figures paint an increasingly...

Effect on life insurers of the FCA thematic review of the pensions annuity market - PwC comments

Following the announcement by the FCA of their thematic review into the pensions annuity industry, PwC life insurance leader, Philippe Guijarro, comments: "The FCA comment...

13 February 2014

OECD global standard for tax information exchange crucial but costs for financial services firms could be significant

The Organisation of Economic Cooperation and Development (OECD) today released the Common Reporting Standard (CRS), which seeks to establish automatic exchange of tax information as...

12 February 2014

Inflation report - PwC's senior economic adviser comments

In response to the Bank of England's latest Inflation Report out today, Andrew Sentance, senior economic adviser, PwC, said: "The Bank's latest Inflation Report shows...

PwC: 90% of banking CEOs optimistic about revenues, but most see cyber insecurity as a threat to growth

More than half expect to take on more staff in the next year More than 70% of banking & capital markets CEOs see cyber insecurity...

11 February 2014

Highlands Insurance Company (U.K.) Limited (in Scheme of Arrangement and Liquidation) - PwC announces 15% initial payment percentage and significant progress in the company’s closure plan

Following the successful implementation of a scheme of arrangement for dealing with Highlands UK’s direct insurance business, under which all submitted claims were paid in...

Huge boost for community involvement in personal care budget launches

Proved in trial, now extended across UK, could potentially increase care visits by 25% for over 640,000 elderly and disabled people Programme can work across...

10 February 2014

PwC revise estimated cost of continuing UK Floods to £630m

Commenting on the continuing UK Floods, Mohammad Khan, insurance partner at PwC, said: "Although there was a lot of rain in January and clearly people...

PwC: Global assets under management to exceed $100 trillion by 2020

Research from PwC predicts that global assets under management (AuM) will rise to around $101.7 trillion by 2020, from a 2012 total of $63.9 trillion....

07 February 2014

Corporate failures at lowest levels for a decade as funders rescue companies from collapse

PwC analysis of today’s national corporate insolvency statistics finds that the number of company failures has decreased again as positive sentiment has seen funders provide...

06 February 2014

PwC comment: fuel-efficient vehicles boost 2014 new car registrations

UK car sales in 2014 are set for moderate growth, aided by the desire for green vehicles. Phil Harrold, automotive partner, PwC, commented: "UK registrations...

05 February 2014

PwC comment on the Bank of England report into cyber resilience

Commenting on the Bank of England report into cyber resilience, Richard Horne, cyber security partner, PwC, said: “The Government's initiative in highlighting the risks to...

PwC: Insurance CEOs optimistic about revenues

More than half expect to take on more staff in the next year Research from PwC has revealed that 92% of insurance CEOs are confident...

UK ranked 19th as Sweden tops new PwC ESCAPE index and Eastern Europe rises

The PwC ESCAPE Index provides a holistic measure of a country’s performance and progress over time. The index combines 20 economic, social, communications, political and...

04 February 2014

PwC comment: Sharpest rise in construction output in 10 years

The UK construction industry is seeing its largest overall expansion since November 2003. Chris Temple, UK Engineering and Construction leader, PwC, commented: “Overall, this is...

PwC and ABP in agreement to help China-UK businesses expand

PwC and Chinese real estate developer ABP have signed an agreement to provide a range of services to help companies from China set up in...

PwC launches new Business Insight Week for Year 12 students

PwC, the professional services firm, has launched a new work experience programme for Year 12 students, which aims to increase the diversity of its student...
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