Banks are missing a trick by failing to provide digital banking for customers January 15, 2012 BANKS are failing to keep up with the digital demand of their customers and missing out on potential revenue, according to survey results released today by PwC. The report suggests that digital banking will become the main way of managing finances – overtaking physical bank branches – by 2015. Of the 3,000 bank customers asked [...]
Coryton attracts 40 suitors February 2, 2012 UK REFINERY Coryton has attracted more than 40 interested parties following the insolvency of its owner, Swiss refining group Petroplus and some of them are “very credible,” its administrator said yesterday. “There have been over 40 expressions of interest from the speculative to the highly credible,” said Katherine Howbrook, a spokeswoman for PwC. “There have [...]
Coryton attracts 40 suitors February 2, 2012 UK REFINERY Coryton has attracted more than 40 interested parties following the insolvency of its owner, Swiss refining group Petroplus and some of them are “very credible,” its administrator said yesterday. “There have been over 40 expressions of interest from the speculative to the highly credible,” said Katherine Howbrook, a spokeswoman for PwC. “There have [...]
EC proposals to reform the audit market are seriously flawed, says PWC chairman September 27, 2011 LEAKED European Commission proposals for regulatory changes to the audit market hit the front page yesterday. They represent a significant market intervention and while they have not changed substantially from a Green Paper published last year, if implemented they would risk undermining quality and confidence in the audit market. Of course, this is an important [...]
RSM Tenon hires chief exec for turnaround February 15, 2012 STRUGGLING accountancy firm RSM Tenon, which last month issued a profit warning, has appointed a permanent chief executive to lead it through a strategic review. Chris Merry, a former chief executive of broker Matrix Group, will join RSM with immediate effect, replacing incumbent interim Adrian Martin, who will become non-executive chairman. Merry led Matrix for [...]
RSM Tenon hires chief exec for turnaround February 15, 2012 STRUGGLING accountancy firm RSM Tenon, which last month issued a profit warning, has appointed a permanent chief executive to lead it through a strategic review. Chris Merry, a former chief executive of broker Matrix Group, will join RSM with immediate effect, replacing incumbent interim Adrian Martin, who will become non-executive chairman. Merry led Matrix for [...]
What to look out for in the Budget March 20, 2012 ● PERSONAL TAXES The tax-free personal allowance was originally due to go up £630 to £8,105 as part of a long-term plan to take everyone earning below £10,000 out of income tax. That increase will be accelerated – almost doubled, in fact – as part of a plan to help low-earners more. But the scheme is [...]
London on top but IPO market sinks in Europe January 10, 2012 THE EUROPEAN market for flotations slumped further in the final three months of last year, driven by turmoil in the single currency area, new data shows. PwC said 78 initial public offerings (IPOs) raised €866m (£715m), down 81 per cent on the third quarter and 83 per cent down year on year. London remained at [...]
PRIVATE COMPANIES TAKE CENTRE STAGE AT PWC BUSINESS AWARDS September 11, 2011 THERE is no reason private companies can’t be as glamorous as their listed counterparts, says PwC, whose Private Business Awards rewarded the companies that support society alongside delivering annual profits. Like Bikeworks, winner of the Social Enterprise of the Year award, where co-directors Dave Miller and Jim Blakemore run apprenticeship schemes that train young offenders [...]
PRIVATE COMPANIES TAKE CENTRE STAGE AT PWC BUSINESS AWARDS September 11, 2011 THERE is no reason private companies can’t be as glamorous as their listed counterparts, says PwC, whose Private Business Awards rewarded the companies that support society alongside delivering annual profits. Like Bikeworks, winner of the Social Enterprise of the Year award, where co-directors Dave Miller and Jim Blakemore run apprenticeship schemes that train young offenders [...]