EU forces Barclays to end its 118-year relationship with PwC March 6, 2014 BARCLAYS will have a new auditor from 2017 as new EU rules force the bank to end its historic relationship with PwC and rotate to a different firm, the lender’s annual report shows. The bank has worked with PwC and its predecessor companies since 1896 and last put the deal out to tender more than [...]
UK law firms’ revenues rise October 20, 2014 THE LEGAL sector is staging a comeback, with the majority of law firms reporting rising revenues, according to figures published by PricewaterhouseCoopers (PwC). Of the firms surveyed, 80 per cent reported higher levels of income in 2014 compared to 63 per cent who had seen an improvement last year. This is the highest figure since [...]
Sierra Leone’s finance minister Kaifala Marah joins London Mining sale talks October 20, 2014 Sierra Leone’s finance minister, Kaifala Marah, flew in to London this weekend to join talks concerning the potential sale of London Mining’s Marampa iron ore mine. The company was forced to appoint administrators from PwC last week and is now in discussions with Timis Corporation and Indian firm JSW, which are both interested in buying [...]
London beats New York to best city title in PwC’s Cities of Excellence report May 19, 2014 London has knocked New York from the top spot to claim the title of best city in the world in an international survey. In a global comparison of the 30 most influential centres, the UK capital was ranked first overall and also for economic clout, technology readiness and as a city gateway; meaning it is [...]
London hotel rates close to £150 as bookings pick up countrywide September 11, 2014 LONDON hotels have enjoyed a profitable start to the year, with 80 per cent occupancy and average daily rates of £136.60. Analysis from PwC found revenue per available room (RevPAR) in the capital rose 5.5 per cent in the first six months, to £87.30. But London hoteliers could be in for even better takings, PwC [...]
City Moves for 24 November 2014 | Who’s switching jobs November 23, 2014 Markel International Tom Fassnidge has been appointed senior claims adjuster in the insurer’s professional and financial risks division. He joins from Beazley Group, where he was claims manager in its UK and international team. Fassnidge has also previously worked at Scottish Re. PwC The professional services firm has appointed Alison Baker to lead its UK [...]
PwC wins £9m audit contract for Vodafone February 13, 2014 VODAFONE will replace auditor Deloitte after 26 years with rival PwC from April. The FTSE 100 telecoms giant made the announcement following a tender process first announced in November 2013. “We thank Deloitte for their significant contribution as Vodafone’s auditors and we look forward to working with PwC going forward,” said Vodafone audit and risk [...]
City Moves for 03 December 2014 | Who’s switching jobs December 2, 2014 Valad Europe The real estate investment manager has appointed Simon Marriott as head of UK real estate. He was most recently director in the real estate transactions team at PwC, and has also held roles at Oxford Properties, MGPA, and Invista REIM. Ontario Teachers’ Pension Plan Jo Taylor has been appointed managing director for Europe, [...]
2014 City A.M. awards: It’s always good to toast the best of the City – Editor’s Letter November 13, 2014 In a matter of weeks, during the first few days of January, I will be calling people to invite them to next year’s City A.M. awards. The event, the latest of which was held last night, has become a fixture in the City calendar and has grown in stature since its inception. Last night, [...]
Finance firms see return to boom in 2014 October 5, 2014 FINANCE companies are enjoying their strongest expansion since 2007, with firms reporting rising business volumes, increased profitability and greater employment, according to survey results released today. The survey of 109 firms, conducted by Price Waterhouse Coopers and the Confederation of British Industry, shows that 60 per cent of firms surveyed saw an increase in business [...]