PwC stands firm in huge 40m discrimination case July 13, 2009 THE accountancy giant PricewaterhouseCoopers (PwC) said last night it would “vigorously” fight a £40m claim made by a former employee in a race discrimination case. Romanian Mihaela Popa worked for PwC between 2004 and 2006 and has already lost one industrial tribunal case with the firm. She now claims to have new evidence which she [...]
PwC stands firm in huge 40m discrimination case July 13, 2009 THE accountancy giant PricewaterhouseCoopers (PwC) said last night it would “vigorously” fight a £40m claim made by a former employee in a race discrimination case. Romanian Mihaela Popa worked for PwC between 2004 and 2006 and has already lost one industrial tribunal case with the firm. She now claims to have new evidence which she [...]
Vasanta closes in on rescue bid as PwC hovers July 5, 2009 OFFICE supply group Vasanta has said it is at an “advanced stage” of discussions over a restructure of its debts, and dismissed “alarmist and misleading” speculation it is on the brink of bankruptcy. Chief executive at the firm, which is struggling after having its credit insurance to key suppliers withdrawn, Richard Martin said it still [...]
PwC: Six companies eyeing LDV June 30, 2009 Administrators for van maker LDV said yesterday at least six companies are still considering investing in the company. PricewaterhouseCoopers said an announcement was likely at the end of July over the future of the firm and what suppliers would receive. LDV went into administration last month after white knights WestStar pulled out, saying they couldn’t [...]
PwC: Six companies eyeing LDV June 30, 2009 Administrators for van maker LDV said yesterday at least six companies are still considering investing in the company. PricewaterhouseCoopers said an announcement was likely at the end of July over the future of the firm and what suppliers would receive. LDV went into administration last month after white knights WestStar pulled out, saying they couldn’t [...]
City gets New Year jitters as outlook dims January 10, 2010 BANKS and securities traders expect profits to flatten in the coming quarter, indicating weak short-term expectations among City players. Sentiment across the Square Mile is downbeat as the New Year gets underway, according to a survey by the CBI and PricewaterhouseCoopers. The report found the majority of financial services firms were concerned the booming business [...]
CITY MOVES | WHO’S SWITCHING JOBS January 21, 2010 Berwin Leighton Paisner The law firm has appointed James Duncan as a partner, tasked with launching a standalone derivatives practice for the firm. Duncan has been at rival Linklaters since 1997 and specialises in derivatives and structured products. He recently advised audit firm PwC on the administration of Lehman Brothers. He has also worked with [...]
Lehman administrator set to give creditors $11bn in assets November 24, 2009 LEHMAN Brothers’ administrator has issued a proposal to return $11bn (£6.6bn) in assets to creditors. PricewaterhouseCoopers (PwC) – administrator for Lehman Brothers International Europe – made the move after an earlier plan was rejected by a London court. The assets would be returned to creditors in the company’s international arm rather than its US operation, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 10, 2010 FINANCIAL TIMES BOCOM EYES $500M PRIVATE EQUITY FUND Bank of Communications is to launch a US dollar private equity fund in the latest sign of mounting Chinese interest in the asset class. BoCom International, the bank’s overseas arm, said on Wednesday it was targeting a $500m fund that would invest in mainland groups. The fund [...]
Keydata plot thickens as PwC discovers a 103m black hole June 30, 2009 ADMINISTRATORS of failed structured product firm Keydata have unearthed a £103m black hole in its assets, as it emerged two mysterious groups it was trading with have vanished along with customers’ money. PricewaterhouseCoopers (PwC) has involved the Serious Fraud Office as it believes the funds may have been “misappropriated”. PwC is trying to ascertain why [...]