« November 2015 | Main | January 2016 »

42 press releases from December 2015

30 December 2015

UK flooding – PwC updates insurance loss estimates from Storms Eva and Desmond and comments on Storm Frank

Mohammad Khan, general insurance leader at PwC, said: “The effects of continuing torrential weather are set to hit parts of the UK even harder. Our...

27 December 2015

UK flooding – PwC estimates insurance losses from Storms Eva and Desmond

Mohammad Khan, general insurance leader at PwC, comments: "After Saturday’s torrential rain, and with rare "danger to life" warnings issued, the economic damage to the...

23 December 2015

GDP figures - PwC's senior economic adviser comments

In response to new GDP figures released today, Andrew Sentance, senior economic adviser, PwC, said: "Economic growth has been revised down and is now likely...

Pension tax changes are forcing companies to rethink higher earners’ reward packages

A third of companies are overhauling how they reward their higher earners due to new restrictions on the amount people can pay into their pension...

21 December 2015

Commenting on the final European Banking Authority's (EBA) guidelines on banking pay, Jon Terry, reward partner at PwC, said:

"Many assets managers and smaller banks will be very concerned that the EBA is proposing changes to the Directive that would require that all firms,...

Retailers hope for last minute festive frenzy

This week, PwC found that almost three-quarters (73%) of 100 high street retailers were on sale or advertising promotions in their shop window, such as...

PwC Corporate Finance advise on £42m sale of Aero Stanrew

PwC Corporate Finance advise on £42m sale of Aero Stanrew PwC's Industrial Corporate Finance team has acted for WestBridge Capital and management shareholders on the...

18 December 2015

Update on Caparo Industries plc and its subsidiaries – collectively the “Caparo Industries Group" or “CIP” – in administration

Since their appointment, PwC's administrators have been working closely with CIP, its customers, suppliers, employees and their representatives including three trade unions. It is with...

17 December 2015

PwC comments on the four year funding deal for local government

Jonathan House, PwC's local government leader, said: "This is a significant settlement in terms of timescale which will be welcomed by local government. "The four-year...

16 December 2015

Scottish draft budget 2016/17 - PwC in Scotland comments on SRIT and future tax reform

Commenting on the Scottish Draft Budget 2016/17, David Glen, head of Tax, PwC in Scotland, said: “As anticipated, John Swinney confirmed no change to the...

Business not prepared for GDPR, risking legal action and heavy financial penalties: PwC Comment

Commenting on the EU's adoption of the General Data Protection Regulation, Stewart Room, PwC partner and head of PwC Legal's data privacy and protection practice,...

London Market underwriting confidence down again – PwC’s London Market 2016 outlook

1 in 4 London Market insurers will be reliant on investment returns to make a profit in 2016 Average net combined ratio of 98% for...

Labour market data - PwC chief economist comments

In response to new labour market data released today, John Hawksworth, PwC’s chief economist, said: "UK employment rates continue to power ahead to record levels,...

PwC launches network to support devolution and regional economic growth

PwC has announced a UK-wide initiative to advise and support organisations and authorities on devolution and regional economic growth. Led by Stephanie Hyde, PwC Executive...

15 December 2015

Secondary annuities market consultation – PwC comments

HM Treasury has today released the government’s response to the second-hand annuities market call for evidence. Lee Clarke, insurance partner at PwC, comments: “This response...

Inflation figures - PwC's senior economic adviser comments

Commenting on the ONS monthly UK inflation figures out today, Andrew Sentance, senior economic adviser, PwC, said: "Inflation has been around zero for most of...

Total Tax Contribution of Britain’s biggest businesses hits £80.5bn as property and employment taxes become more significant

Business rates overtake corporation tax to become second biggest tax cost For every £1 of corporation tax, businesses now bear £4.46 in other taxes  ...

Role of business written into global climate agreement: PwC CEO survey on transformation process

PwC survey shows CEOs are coming to terms with risk, regulation and transformation ahead UN Climate Summit in Paris recognises role of private sector in...

14 December 2015

Companies without a dedicated leader of digital transformation may lose competitive advantage - PwC report

Only 6% of the world’s top 1500 companies have appointed a chief digital officer (CDO) to oversee the digital transformation of their business, according to...

12 December 2015

Paris Agreement: PwC comment on transparency; compliance; targets; developing nations

PwC’s sustainability & climate change team comment on the Paris Agreement, covering the Agreement, transparency/accountability, compliance, financial services, business and REDD. Follow updates @pwcclimateready. Speak...

11 December 2015

FRC consultation on enhancing confidence in audit – PwC response

Commenting on the FRC consultation, “Enhancing confidence in audit – proposed revisions to the Ethical Standard, Auditing Standards, UK Corporate Governance Code and Guidance on...

Update on Caparo Industries plc and its subsidiaries – collectively the “Caparo Industries Group" or “CIP” – in administration

PwC is delighted to confirm the successful conclusion of the sale of substantially all of the remaining businesses and assets of Caparo Industries Group. This...

IPO market ends 2015 on a high with estimated total annual proceeds increasing by 15% year on year

PwC expects to see more than €58 billion of proceeds raised in FY15, after Q4 delivered five mega IPOs raising more than €1.5billion each across...

10 December 2015

COP21 - PwC’s climate change analysts on the latest draft of negotiating text

Comments from PwC’s climate change analysts on the latest draft of negotiating text at the Paris climate summit. Celine Herweijer, partner, PwC sustainability & climate...

PwC comments on Basel Committee's announcement on Risk Weighted Assets consultation

Commenting on the Basel Committee issuing its second consultation on the Standardised Approach (SA) for calculating Risk Weighted Assets (RWAs) for credit risk, Richard Barfield,...

PwC comments on HMRC's draft legislation on large business tax compliance and public tax strategy, published yesterday;

Stuart MacPherson, PwC tax director, said: "HMRC has built upon the recent consultation on Improving Large Business Tax Compliance and released draft legislation on a...

09 December 2015

PwC comments on draft National Minimum Wage regulations, bringing into effect the National Living Wage on 1 April 2016

As anticipated the National Living Wage (NLW) “premium” is simply a further tier of National Minimum Wage (NMW) rate which is applicable to workers aged...

08 December 2015

PwC comments on the Pensions Regulator's integrated risk management guidance

The Pensions Regulator has today issued its final guidance around integrated risk management (IRM) - with the aim of allowing trustees to identify and manage...

Updated estimates on cost of Storm Desmond - PwC

Mohammad Khan, general insurance leader at PwC UK, comments on the ongoing impact of Storm Desmond: "Our current estimate of the damage caused by Storm...

Cyber crime fears dominate UK Banking Banana Skins' threat rankings

‘Banana Skins’ poll identifies top threats to banks UK bankers and market watchers now place fears about cyber crime at the top of a list...

07 December 2015

Storm Desmond - PwC comments on potential impact

Mohammad Khan, head of general insurance at PwC, comments on the implications of Storm Desmond: "The destruction wrought by Storm Desmond in many parts of...

PwC Legal provides Eurazeo with legal due diligence on its investment in Fintrax

PwC Legal has carried out a substantial legal due diligence review for the French investment company Eurazeo on its investment in Fintrax, one of the...

PwC Legal expands global immigration practice

PwC Legal has embarked on a major expansion of its global immigration practice and has invested more than $8 million in new immigration technologies which...

06 December 2015

COP21- week one analysis and a preview of what's to come from our team in Paris

PwC’s team at the climate negotiations in Paris round up the highlights and lowlights during week one, as well as the jobs to be done...

04 December 2015

FRC management changes - PwC's UK head of assurance comments

Commenting on the FRC management changes announced today, James Chalmers, PwC's UK Head of Assurance said: "In making these changes, the FRC takes a step...

UK insurers face internal model judgment day – PwC comments

Tomorrow is judgment day for over 20 UK insurance firms remaining in the Internal Model Approval Process (IMAP). We understand that of the 120 firms...

03 December 2015

Insurers continue to make steady progress in responding to climate change

Annual review of ClimateWise Principles shows improved scores for member companies The insurance industry is continuing to take the necessary steps to incorporate the risks...

02 December 2015

PwC announces winners of the 13th annual Building Public Trust Awards

PwC has revealed the companies leading the way in the reporting of Corporate Governance, Executive Remuneration, People, Sustainability, Strategic reporting, and Tax reporting at its...

01 December 2015

Delivering a credible deal: ambition, transparency and accountability post Paris

Celine Herweijer, PwC specialist in climate risk, measurement & reporting at the UN climate summit in Paris, outlines the issues in the negotiations on transparency,...

PwC backs new industry cluster research at Silverstone Park

PwC has added its support to a new study into the concentration of high-performance technology and motorsport (HPT&M) businesses located around the world famous Silverstone...

UK bank stress test results - PwC's UK head of banking and capital markets comments

Commenting on the publication of UK bank stress test results today, Simon Hunt, UK banking and capital markets leader at PwC, said: “Today’s stress test...

Work ‘gig economy’ set to be worth £2bn in the UK by 2020 – PwC research

PwC research projects that the connected work market – work aspects of the gig economy, where people buy and sell services and jobs via online...
  • Contact us
  • +44 (0) 20 7213 1768

Specific and out of hours contacts