Connected living market set to be worth $1 trillion worldwide in five years’ time, and £30bn in the UK November 16, 2015 The connected living market – where technology is used to foster better connectivity between people – could be worth $1 trillion globally by 2020, according figures released by PwC today. The professional services firm also predicts that the market, which includes devices like smart meters for homes and online platforms for professional networking, could be [...]
General Election 2015: Miliband unpaid internship ban previously supported by PwC, KPMG and Axa April 17, 2015 Ed Miliband will promise to ban unpaid internships if he becomes the next prime minister. In a bid to woo young voters in a speech today, the Labour leader will say companies will be banned from offering unpaid work experience for more than four weeks under a Labour government. Miliband will say lengthy unpaid internships [...]
UK businesses’ tax burden rises despite chancellor George Osborne’s Osborne’s cuts to corporation tax December 15, 2015 Britain's biggest businesses paid £80.5bn in taxes this year, up from £80bn in 2014, with a string of new measures expected to batter firms still in the pipeline. Figures from accountancy giant PwC – based on a survey of FTSE 100 finance directors, large private companies and multinationals – show that the total tax rate, a [...]
Just six per cent of the world’s top 1,500 companies have a chief digital officer, although Europe is outpacing North America December 14, 2015 The world may feel like it has been drastically digitised but that might not be true as far as the boardrooms of some of the world's largest companies are concerned. Research released today by Strategy&, PwC's strategy consulting business, has revealed that just six per cent of the world top 1,500 companies by revenue have appointed a [...]
Celebrity guests Michael Buble, Lord William Hague and Go-Compare’s Wynne Evans gave thanks to Lord Ashcroft at his 70th birthday party March 13, 2016 There were plenty of famous faces extremely happy to be at Lord Ashcroft’s 70th Birthday party last weekend. Michael Buble, William Hague and Katherine Jenkins were just a few who entertained at the do on Park Lane’s Grosvenor House Hotel. The Capitalist wonders if Lord Hague isn’t getting a bit tired of the Mayfair hotel; [...]
EU data protection law: Professional services firms warn that businesses will need to work hard to adapt to legal changes, which carry potential pricey fines December 16, 2015 Professional services firms have warned that businesses might struggle to adapt to recently agreed upon changes to EU data protection laws, which include fines of up to four per cent of annual global turnover for a breach. Late yesterday evening, European Parliament and Council of the European Union negotiators agreed on a data protection package, designed [...]
City Moves for 3 February 2016 | Who’s switching jobs February 3, 2016 Parker Fitzgerald Parker Fitzgerald (PFG), the management consultancy, has appointed Jeremy Scott to its executive board as head of institutional relationships. Jeremy is former global financial services leader and global board member at PwC for 10 years and he was chair of the operations and risk committee. His experience building and managing an international consulting [...]
HSBC switches auditors to PwC after decade with rivals KPMG March 18, 2015 HSBC yesterday announced plans to appoint PricewaterhouseCoopers as its auditor, replacing KPMG which had held the position since 1991. Europe’s biggest bank said the appointment would be put to shareholders at its 2015 annual general meeting on 24 April, but that the recommendation was the result of a competitive tender. “The tender process was both [...]
Unsecured Phones 4U creditors to get just 0.4pc back says PwC April 14, 2015 UNSECURED creditors to Phones 4U are to receive just 0.4 per cent of their money back after the mobile phone retailer collapsed into administration last year. Phones 4U called in administrators PwC in September 2014 after two of the UK’s largest mobile phone operators, Vodafone and EE, decided to withdraw their products from its stores. [...]
HSBC confirms PwC will take over as auditor from KPMG this month March 18, 2015 HSBC will replace auditor KPMG with PricewaterhouseCoopers (PwC) after the latter announced its resignation from the position as the Company's auditor from 31 March 2015, the bank confirmed today. PwC's appointment will be put to shareholder's at the bank's annual general meeting held on 24 April this year. HSBC originally announced its intentions to switch [...]