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Articles about Pwc

PwC: 27 percent of Aussies will buy IPTV by 2016

Showing the kind of optimism that only large analyst firms can muster, PriceWaterhouseCoopers has boldly predicted that 27 percent of Australians will have an IPTV service by 2016. Right now, IPTV is very much in its infancy in Australia, with a number of ISPs and carriers offering services but, in terms of the country’s eight …
The Register breaking news

UK biz pays heavy price for skimping on security - PwC

Hacking attacks against Blighty's top firms hit a record high according to figures for 2011. On average, each large organisation suffered 54 significant digital assaults in that 12-month period, twice the level in 2010, while 15 per cent – one in seven – had their networks successfully penetrated by unauthorised parties. The …
John Leyden, 24 Apr 2012
cloud

Overland hurls PwC auditors overboard

Overland Storage management seems to have taken exception to PricewaterhouseCoopers' auditing of its accounts and fired the firm. For the past two financial years PwC has added a stern warning to the accounts, saying that there was substantial doubt about Overland's ability to continue as a going concern. While even accountants …
Chris Mellor, 20 Oct 2009

NHS slammed for MAJOR data blunders as scale of patient info sell-off is revealed

The NHS struck four "data-sharing" deals with three re-insurance companies that allowed them access to patient information under agreements that don't expire until 2015 and 2016. That's among the shocking findings of a review of data released by the NHS Information Centre - the predecessor to the Health and Social Care …
Kelly Fiveash, 17 Jun 2014
Growth of internet advertising revenue to 2013

US biz spaffed more dosh on internet ads than TV spots in 2013

Advertisers in the United States have splashed more of their ad budgets all over the web than on the telly for the first time ever, the Interactive Advertising Bureau reported. Growth of internet advertising revenue to 2013 Read 'em and weep TELEVISION - growth of internet advertising revenue to 2013. Credit: IAB/PwC Online …

UKFast hoovers up customer list of BurstNET

UKFast has made its first acquisition under a newly recruited M&A head after taking on the local customer base of US hosting biz BurstNET. As previously revealed, the cloud silo and server hosting provider hauled in former LDC and PwC director Catherine Houghton to steer an acquisition plan after claiming it lost out to rivals …
Paul Kunert, 05 Jul 2013
UK internet use minute by minute

Brits spend one in every 12 waking minutes online, say beancounters

Britons spend one in every 12 waking minutes on the internet, causing advertisers to splurge great wads of cash on online marketing, according to an internet advertisers' trade body. UK internet use minute by minute UK internet use minute by minute. Source: UKOM, July 2013 According to a report from the Internet Advertising …
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Building the actual real internet simply doesn't pay

It isn’t unicorns that keep the internets running, but eye-watering amounts of capital investment by infrastructure operators. However a substantial chunk of that investment never pays for itself and most of it barely repays the cost of the capital, reckons consultancy PwC. The telco industry as a whole spends $320bn on …
Andrew Orlowski, 04 Apr 2013
For Sale sign detail

Indian police raid PWC in Satyam probe

Police raided PricewaterhouseCooper's offices in Hyderabad today in connection with the ongoing investigation into the alleged billion dollar fraud at outsourcer Satyam. PWC audited Satyam's accounts and was apparently unaware of the large holes they contained. The firm's chairman admitted last week to cooking the books over …
John Oates, 13 Jan 2009
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PwC auditors fingered for Satyam fraud

Indian police have accused two PricewaterhouseCoopers accountants of colluding and conspiring with company founder Ramalinga Raju to create false accounts for Satyam. The two auditors are in police custody but have not yet been charged. "During interrogation [the auditors, Subramani Gopala Krishnan and Talluri Srinivas] …
John Oates, 30 Jan 2009
gavel_judgment_channel

'Banner year' for patent lawsuits: Number of cases, awards both up

Describing 2012 as a "banner year" for patent litigation in the US, a new report from PricewaterhouseCoopers says the number of patents granted and the number of patent lawsuits filed were both up during the year, even as the damages awarded in such suits hit all-time highs. According to the report, although the number of patent …
Neil McAllister, 08 Jul 2013
The Register breaking news

Hmm, you do look ill. I prescribe a good dose of mobile data

Adopting "mobile health" - the use of mobile technology as an interface between health providers and patients - could apparently save the EU €100bn by 2017, and make us €93bn too, if only governments would get out of the way and let it happen. That's according to beancounters PwC who were hired by mobile industry body GSMA to …
Bill Ray, 06 Jun 2013
hands waving dollar bills in the air

Tax regime fails to help UK technology sector, says PwC

Despite the wide range of tax relief available, over two thirds of UK technology companies do not believe the current tax regime fuels enterprise in the UK, according to a survey conducted by PricewaterhouseCoopers. Its survey found that measures introduced in the 2009 Budget are not reaching the majority of the domestic …
OUT-LAW.COM, 13 Nov 2009

Feds charge man in $1m 'Dr Evil' scam to blackmail Mitt Romney

A Tennessee man has been charged over a high-profile extortion and wire fraud scam involving former Republican presidential candidate Mitt Romney's tax returns. Michael Mancil Brown, 34, of Franklin, Tennessee faces six counts of wire fraud and six counts of extortion over his alleged involvement in a plot to blackmail Romney …
John Leyden, 01 Jul 2013
alibaba logo

Chinese shoppers spend £100 MEEEELLION online in SIX minutes

The world’s biggest online shopping day got off to a flyer on Monday with Chinese e-commerce giant Alibaba recording 1 billion yuan (£102.5m) in sales on its Tmall site in the first six minutes alone. The 11.11 sales were first dreamt up back in 2009 as a way for merchants on the B2C site to make more money in the lull between …
Phil Muncaster, 11 Nov 2013
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Game chain sold

UK High street retailer Game has been acquired by Comet owner OpCapita. The Game Group's administrator, PwC, yesterday said it had agreed to sell the troubled company's UK business to Baker Acquisitions Ltd, an entity overseen by OpCapita, for an undisclosed sum. The move takes The Game Group's UK operation out of …
Caleb Cox, 02 Apr 2012
The Register breaking news

PwC settles dotcom fraud case

PricewaterhouseCoopers (PwC) has made an out-of-court settlement with shareholders of e-district who alleged the accountancy giant had failed to discharge its legal responsibilities. The case had been due in court in June, and all details of the settlement are remaining secret. E-district was the last bubble on board the …
John Oates, 29 Mar 2006
Red pen

Phoenix IT Group fesses up to 'accounting irregularities'

Phoenix IT Group has suspended a business manager amid a probe into accounting irregularities that the firm reckons will result in £14m being wiped from net assets. The listed IT services group revealed in a statement to the London Stock Exchange this morning that it has named PwC and Nabarro LLP to "carry out independent …
Paul Kunert, 03 Sep 2012
The Register breaking news

IBM and PwC settle kickback charges

IBM and accounting firm PricewaterhouseCoopers have agreed to pay a total of about $5.3m to settle allegations that they gave illegal kickbacks to reel in contracts with US government agencies. IBM has agreed to fork over $2,972,038.50 to make amends, and PwC will pay $2,315,662. The US Department of Justice said both IBM and …
Austin Modine, 16 Aug 2007
Game shopGame

Game goes titsup in Australia

Competition from online retailers has claimed another casualty in the high street with the demise of the australian incarnation of chain store retailer, Game. PricewaterhouseCoopers was yesterday appointed voluntary administrator of the UK-owned gaming company, which has over 500 Australian employees and 92 stores nationally. …

Asbestos finds interrupt NBN preparations

The rollout of the National Broadband Network has uncovered some nasty secrets: the use of asbestos cement in old Telstra pits, and the endemic dodginess of Australia's construction sector. Asbestos has been turning up in pits all over the country, with reports coming in from Penrith in NSW, Ballarat in Victoria, Launceston in …

8 in 10 small UK firms hacked last year - at £65k a pop: Report

Over 80 per cent of small businesses in the UK suffered a computer security breach last year, according to new government research. And the proportion of large firms that reported attacks has reached a whopping 93 per cent. The Department for Business, Innovation and Skills' 2013 hacking survey found that 87 per cent of small …
John Leyden, 23 Apr 2013
server room

Cloud silo and services firm UKFast hires personal shopper

Cloud silo and server hosting service provider UKFast, which owns three data centres across the UK and claims Coutts private bank and NHS trusts among its customers, has brought on board an M&A specialist to help it embark on a UK acquisition spree. UKFast claims it had previously lost acquisition targets to rivals because it …
Paul Kunert, 26 Jun 2013
The Register breaking news

US defence biz fined for busting China arms embargo

A top US defence contractor has been fined $75m (£47.8m) for flogging software to China that was a vital component in the country's first attack helicopter. United Technologies and its two subsidiaries Pratt & Whitney Canada (PWC) and Hamilton Sundstrand 'fessed up to more than 500 violations of export restrictions in a federal …
Phil Muncaster, 04 Jul 2012

China denies US chopper tech espionage claim

The Chinese government has hit back at claims that technology used in its first fleet of attack helicopters was illegally sold to it by a US defence contractor. In a well-publicised case in the States, United Technologies and its two subsidiaries Pratt & Whitney Canada (PWC) and Hamilton Sundstrand admitted earlier this month in …
Phil Muncaster, 27 Jul 2012
The Register breaking news

New UK cyber-champ: Chemist's winning formula cracks 'F1 race hack'

A 28-year-old chemist is the new UK Cyber Security Champion after triumphing in a year-long competition that tested computer defence skills. Stephen Miller, from Hertfordshire, beat thousands of other hopefuls after competing in several online and face-to-face heats. Miller, who works as a lab team manager at a major …
John Leyden, 11 Mar 2013
The Register breaking news

More than $60bn spunked on cyber-security in 2011

Global cyber-security spending is on track to exceed $60bn for 2011, according to a study by management consultants PwC. The growing tide of cyber threats, coupled with greater vulnerabilities due to the more pervasive use of technology – particularly mobile devices and cloud computing – are fueling a growth in cyber-security …
John Leyden, 01 Dec 2011

Media moguls urged to go mobile in Asia

Around a third of the world’s mobile internet users will come from China by 2016, driving a boom in the digital entertainment and media market, although concerns persist over digital piracy across some Asian countries, according to a new report. PricewaterhouseCooper’s Global Entertainment and Media Outlook 2012-2016 reveals …
Phil Muncaster, 13 Jun 2012
The Register breaking news

HP buys PwC's consulting arm

News has leaked out that Hewlett-Packard has agreed to spend $17.5 billion on PriceWaterhouseCoopers' (PwC) consulting arm. According to Bloomberg, sources familiar with the situation said that although there were still alot of details to be hammered out, a price had been agreed. The talks are now focussed on how much the 2000 …
Lucy Sherriff, 13 Sep 2000
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PwC warns of WEEE complexity

Consultants at PricewaterhouseCoopers (PwC) are warning their clients that forthcoming WEEE (Waste Electrical and Electronic Equipment) Directive will be more than just another regulatory hoop to jump through. The legislation, which should come into force in the UK in June 2006, presents significant challenges, the company says …
Lucy Sherriff, 22 Nov 2005
reseller_closures

Phoenix IT Group tumbles off a cliff: £63m in losses

There's trouble at Phoenix IT Group - the services provider has recorded losses of more than £60m, been forced to take a massive hit from accounting errors and is laying off staff. The results of accounting errors are in and the firm has taken a post-tax knock of £17.3m, forcing it to restate multiple year results after finding …
Paul Kunert, 29 Nov 2012

EDS ditches PwC Consulting

ComputerWire: IT Industry Intelligence EDS Corp has confirmed that it has terminated its global SAP services alliance with management consultancy PwC Consulting LLC following its $3.5bn acquisition by IBM Corp. Plano, Texas-based EDS pulled the plug on the deal, which it set up with New York-based PwC Consulting last December …
ComputerWire, 04 Oct 2002
The Register breaking news

Aussie online shoppers take $AU6 billion offshore

Australia shopper’s enchantment with offshore online purchases is expected to rise by $AU1.2 billion to $AU6 billion this year, according to new research from PricewaterhouseCoopers. The report predicts that online shopping will grow 13 percent this year and is valued at $AU13.6 billion. Around 44 percent of those online sales …
The Register breaking news

Big biz, expensive beancounters write UK tax law, says senior MP

Corporate giants and accountancy firms hold too much sway over UK's tax law, according to the chairwoman of an influential parliamentary panel. Labour MP Margaret Hodge, who heads up the Public Accounts Select Committee, said the Tory-led coalition government "only talks to those who have a self interest in reducing their tax …
The Register breaking news

BBC's Digital Moneypit Initiative known to be 'pile of dung' for years

BBC executives ignored warnings that the corporation's £100m+ digital media extravaganza project DMI was on the rocks - and now it's being reported that the National Audit Office had been misled about the state of the project. The extravagant scheme was cancelled by new Director General Tony Hall last month, with almost £100m …
Andrew Orlowski, 07 Jun 2013
The Register breaking news

Price Waterhouse Cooper: Only mobile comms can SAVE HUMANITY

Speaking at the recent Cambridge Wireless conference Price Waterhouse Cooper's Director of Product Management issued a stark warning - unless governments invest massively in mobile telephony we're all going to starve to death. Colin Brereton presented his arguments as a keynote at yesterday's Future of Wireless conference in …
Bill Ray, 28 Jun 2012

Phoenix IT group's profits turn to smoking pile of ashes

Managers at the beleaguered Phoenix IT group haven't had much luck in fiscal '13, with personnel changes, accounting woes and the flatlining economy all weighing heavily on them. The meagre fruits of their labour were laid bare yesterday. Phoenix made an underlying profit from operations of £19m in the twelve months to 31 March …
Paul Kunert, 04 Jun 2013
The Register breaking news

Hackers claim to have Mitt Romney's tax records

Various media outlets, including El Reg, have been sent a message claiming to be from a hacking group that has stolen the tax records of Mitt Romney and threatens to release them on September 28. The writer claims to have taken Romney's 1040 filings from the offices of PricewaterhouseCoopers in Franklin Tennessee and copied them …
Iain Thomson, 07 Sep 2012
channel_teaser_exit

Chief leaves Brit IT giant Phoenix after just 15 months

Phoenix IT Group chief exec Dave Courtley has quit the firm after less than 15 months in the role, the LSE-listed IT services company confirmed this morning. The former Fujitsu Services bigwig rocked up at Northampton-based Phoenix in July 2011 replacing long-serving boss Nick Robinson, who stepped down after 18 years at the …
Paul Kunert, 04 Oct 2012

How Britain could have invented the iPhone: And how the Quangocracy cocked it up

This is a disturbing, cautionary tale of quasi-government and its bungling. It describes how Britain could have led the recent advances in touchscreen technology, developing kit capable detecting more than one fingertip at once, years before Apple did – if it weren't for the nation's treacle-footed, self-serving quangocracy. …
Andrew Orlowski, 13 Dec 2013
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Satyam pays $10m to end fraud probe

Indian reseller and outsourcer Mahindra Satyam and its auditor PwC have paid a total of $16m to end a US investigation into fraud charges. The Securities and Exchange Commission said yesterday that failings by five PwC Indian subsidiaries allowed the massive fraud to go undetected for years. It said the problems were not limited …
John Oates, 06 Apr 2011
The Register breaking news

EU belatedly cancels funding for Symbian OS

The European Commission has cancelled plans to throw €22m of taxpayers' money at Symbian. In November, Eurocrats threw the doomed OS a lifeline by anointing Symbian as the "Embedded Operating System for Europe", in what was called the Symbeose research project. Real life overtook the decision. Nokia dissolved the Symbian …
Andrew Orlowski, 25 May 2011

Brit Bill Gates writes ANOTHER open letter to HP board

Former Autonomy mobster Mike Lynch wants HP to shine a light on the accusations of book-cooking made against him and his exec team when it holds the annual shareholder meeting later today. Good luck with that Mike, it's not the first time you've tried and been stonewalled by HP. In fact, when The Channel asked HP about its …
Paul Kunert, 20 Mar 2013
channel

Chinese shoppers lead way in global e-commerce stakes

Shoppers in China are twice as prolific online as those in the UK and US but retailers are struggling to keep up with the growing sophistication of their multi-channel purchasing behaviour, PricewaterhouseCoopers has found. PwC’s latest global survey on the subject found that around 70 per cent of consumers in the People’s …
Phil Muncaster, 03 Apr 2012
Game logo

Game CEO steps down

High street retailer Game formally entered administration this morning. The first casualty of the move: CEO Ian Shepherd resigned from his role. “I’ve said a number of times that the administrator, once appointed, take charge of the business,” said Shepherd in memo to staff. “Having two people try to do that is both confusing …
Caleb Cox, 26 Mar 2012
The Register breaking news

IBM buys PwC Consulting on the cheap

ComputerWire: IT Industry Intelligence IBM Corp reasserted its position at the top of the IT services market by buying PwC Consulting for $3.5bn yesterday, Joe Fay writes. The computing giant's own Global Services business has seen growth slow of late, but the deal means IBM will inherit additional services revenues of around …
ComputerWire, 31 Jul 2002
The Register breaking news

HP in talks to buy PWC's consulting biz for $18 billion

Hewlett-Packard is in talks to shell out $18 billion for Price Waterhouse Coopers' consulting arm. The PC heavyweight today confirmed it wanted PWC's global management and IT consulting practice to boost its service offerings. Talks are still at early stages, and "significant issues remain to be resolved" according to a …
Linda Harrison, 11 Sep 2000
The Register breaking news

Accenture closes in on Aus government e-health tender

Accenture is understood to have secured the national infrastructure partner contract for Australia's AU$467m personally-controlled electronic healthcare records (PCEHR) project. The tender, released by the Department of Health and Ageing in February, includes three core components; a benefits and evaluation partner, a national …
The Register breaking news

Ex-PwC staff fear more cuts

An IBM bitch board has been taken over by grumbling ex-PwC workers who fear another round of layoffs may be announced when Big Blue reports earnings this week. IBM has already laid off thousands since it completed the acquisition of PwC Consulting, but a number of employees can see the axe coming again. Former PwC staff fear …
Ashlee Vance, 14 Jul 2003
The Register breaking news

PwC: software patents threat to Europe

Services and accountancy firm Price Waterhouse Coopers has formally identified software patenting as a threat to the growth and success of ICT in Europe. In a report prepared this summer for the Dutch EU presidency, PwC lists ten ICT breakthroughs it says are needed to resume the pace of growth Europe experienced during the IT …
Lucy Sherriff, 15 Sep 2004