PwC warns on house prices July 14, 2009 Despite cries of green shoots in the property sector, Price Waterhouse Cooper’s latest economic outlook yesterday forecast further falls in house prices between 2009 and 2010 before they flatten out in 2011. PwC also says that house prices may not return to last year’s levels until 2020. The new bearish findings are based on projections [...]
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 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2009 THE SUNDAYSThe Sunday TelegraphFOCUS DIY CHAIN FACES TOUGH CREDIT REVIEWA review of Focus DIY’s financial position will be delivered by Ernst & Young (E&Y) to the group’s lenders this Friday to help them to decide whether to continue backing the DIY retailer. Although the lenders, GMAC and HBOS, have agreed in principle to renew a [...]
CITY MOVES WHO’S SWITCHING JOBS July 9, 2009 F&C Asset ManagementThe asset manager has appointed Jacob De Wit and Richard Wilson (pictured), respectively head of fixed income and head of equities at the firm, to its executive committee following its de-merger from Friends Provident. The news follows the appointment of Kieran Poynter, the former chairman of accountancy firm PwC, and former Henderson Group [...]
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 Chief executive at the firm, which is struggling after having its credit insurance to key suppliers withdrawn, Richard Martin said it still [...]
PREMIER TAX EXPERT STILL IN THE LEAGUE July 1, 2009 IT WAS au revoir (but not goodbye) last night at a leaving party at City restaurant Manicomio for PricewaterhouseCoopers’ John Whiting, the popular tax adviser who’s often been dubbed “Britain’s most quoted accountant”. Whiting – who’s known as “Mr T” on his regular stints on the BBC 2 Working Lunch sofa – has already started [...]
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 [...]
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 [...]