Deloitte adds 63 in bumper partner round June 6, 2012 BUSINESS services firm Deloitte yesterday announced its latest round of promotions, with 63 new partners taking up roles from the beginning of this month. The bumper crop of partners matches the number that were promoted last summer, and includes 32 who will become full equity partners. The majority of the promotions were made in the firm’s [...]
PwC: job losses keep deficit plan on schedule October 20, 2011 GEORGE Osborne’s spending plans are keeping closely to schedule because of the unexpectedly rapid cuts in public sector jobs, according to a PwC report out today. This time last year the Office for Budget Responsibility forecast 400,000 state jobs would be lost by 2015-16. But local authorities anticipated this before the 2010 election, and began [...]
PwC: job losses keep deficit plan on schedule October 20, 2011 GEORGE Osborne’s spending plans are keeping closely to schedule because of the unexpectedly rapid cuts in public sector jobs, according to a PwC report out today. This time last year the Office for Budget Responsibility forecast 400,000 state jobs would be lost by 2015-16. But local authorities anticipated this before the 2010 election, and began [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 9, 2012 FINANCIAL TIMES CRH to build on stake in China CRH blamed bad weather in Europe in the first quarter and volatility caused by the Eurozone debt crisis for reduced earnings in the first four months of the year in spite of a stronger recovery in the US market than expected. The Irish building materials group said [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 9, 2012 FINANCIAL TIMES CRH to build on stake in China CRH blamed bad weather in Europe in the first quarter and volatility caused by the Eurozone debt crisis for reduced earnings in the first four months of the year in spite of a stronger recovery in the US market than expected. The Irish building materials group said [...]
Closure looms for critical link in London’s oil supply May 28, 2012 THE Essex oil refinery that also supplies around a fifth of the fuel requirements of London and the south-east is to close, after PwC yesterday announced that it had failed to find a buyer at the £625m price necessary to sustain the site. However, concerns over London’s petrol supply as a result of the closure [...]
PwC revenue hits record high October 3, 2011 Strong gains in its consulting business helped PwC increase revenues by ten per cent in the past year, it has said, returning it to its position as the world’s biggest professional services firm. PwC’s global network of firms reported record revenue of $29.2bn (£18.7bn) for the year that ended June 30, up from $26.6bn in [...]
Buyout firms beat the slump to record major gains for 2011 May 23, 2012 THE INVESTMENTS made by private equity and venture capital firms have continued to outperform rival asset classes despite a turbulent year for the industry. The internal rate of return – the average annual return over each of the past ten years – hit 14.3 per cent in 2011, compared to 5.9 per cent for total [...]
PwC sees IPO freeze for the rest of 2011 October 5, 2011 A WORRYINGLY low number of companies are planning to list on Europe’s stock markets in the remaining months of this year as they abandon fundraising in the current bearish markets, PwC will warn today. High volatility and low investor confidence have taken their toll on listings over the past quarter, with less than €1bn (£860m) [...]
Auditing watchdog gets serious April 18, 2012 The national auditing watchdog is considering imposing higher fines based on a percentage of annual turnover, with a similar approach based on total remuneration for punishing individual partners, rather than using past rulings as a benchmark. The Accountancy and Actuarial Discipline Board yesterday unveiled draft guidelines for imposing “credible” fines which are “proportionate to the [...]