Lehman sells the kitchen sink December 17, 2009 CONTENTS from the City offices of collapsed investment bank Lehman Brothers have been auctioned off – including the kitchen sink. The online auction, organised by PricewaterhouseCoopers, the bank’s administrator, was packed with items from the firm’s office in Bank and a conference facility in Broad Street. Lehman Brothers went into administration in September last year [...]
PWC BOARD GET THE X-FACTOR TREATMENT IN SURPRISE CONTEST July 28, 2009 RECENT surveys have shown that employees’ sense of job security has improved in recent months, but it seems it is now so high that poking fun at the board is back in vogue. The PwC board were half way through a three-week UK tour last week – in which they met 850 partners – when [...]
PWC BOYS SWAP THEIR DESKS FOR A DASHBOARD AND HIT THE STANS July 19, 2009 AS YOU reluctantly get your engine running on this Monday morning, spare a though for Tom Henry and Simon Todd of Pricewaterhouse Coopers’ London Assurance team who are in the early stages of a long and gruelling 10,000km drive from London to Ulaanbaatar, Mongolia. Because yesterday the PwC team swapped their desks for the dashboard [...]
PWC BOYS SWAP THEIR DESKS FOR A DASHBOARD AND HIT THE STANS July 19, 2009 AS YOU reluctantly get your engine running on this Monday morning, spare a though for Tom Henry and Simon Todd of Pricewaterhouse Coopers’ London Assurance team who are in the early stages of a long and gruelling 10,000km drive from London to Ulaanbaatar, Mongolia. Because yesterday the PwC team swapped their desks for the dashboard [...]
Brushing up on your email etiquette can make you more successful and efficient February 9, 2010 LAST week, I received an unsolicited email that began, “Alright mate”. I did not read on. Email etiquette can be tricky, and it is easy to inadvertently cause offence. Lawyers, I am told, often receive emails from their superiors ending with “pls dl”, shorthand for “please deal with this”. Something which is more likely to [...]
Big Four faces auditing probe November 5, 2009 THE big four accountancy firms have been put on notice over possible conflicts of interest stemming from the growing overlap of internal and external audit services. The Financial Reporting Council (FRC) has launched a three-month inquiry after details of a deal between KPMG and Rentokil were made public. The controversial contract provides a “deeper” service [...]
CITY MOVES | WHO’S SWITCHING JOBS December 15, 2009 PricewaterhouseCoopers The accountancy giant has hired three partners to its financial services consulting practice. Kevin Burrowes, pictured, rejoins the firm from Credit Suisse, where he was head of finance for the EMEA region. Steve Davies returns to the UK after ten years at PwC in the US, while Wolfgang Rieder rejoins from Bank Vontobel, where [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 7, 2010 FINANCIAL TIMES SPAIN AIMS TO BRING EU STATES INTO LINE The European Union should apply “corrective measures” against member states that fail to meet their obligations under a new 10-year plan to improve the bloc’s competitiveness, José Luis Rodríguez Zapatero, Spain’s premier, said. In a proposal likely to stir controversy among other EU governments, Mr [...]
PwC in fight with US firms over Lehman May 26, 2009 THE ADMINISTRATORS of Lehman Brothers in the UK and the US are set to face off in a new row about the details of the former Wall Street giant’s bankruptcy proceedings. US administrators including KPMG and Alavarez & Marsal want the bankruptcy to be managed in a globally co-ordinated fashion, with all creditors subject to [...]
Mark Warner considers sale November 2, 2009 Package-holiday operator Mark Warner yesterday asked accountants PwC to assess a number of approaches from interested parties over a sale of the business. The private company has asked its long-term adviser to review the business, which has suffered due to weak demand from holidaymakers.