Articles about Pwc

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 unveils VAT help site for e-tailers

PricewaterhouseCoopers (PwC)has set up a new Web site at www.pwcebiztoolkit.comto help e-tailers comply with new European Union regulations that come into force in July. In less than four months' time, all e-commerce firms selling products in the European Union will be required to collect VAT, even if the seller is not based in …
The Register breaking news

PwC boosts IBM's coffers

IBM's massive services business carried the company in its first fiscal quarter of 2003, off-setting losses in hardware sales. IBM generated $1.4 billion in net earnings for the quarter, which is an 8 percent increase over the same period a year ago. This gain came on $20.1 billion in revenue -- an 11 percent rise year-on-year …
Ashlee Vance, 15 Apr 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

Asbestos finds interrupt NBN preparations

Updated 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 …
Internet of Things

Greedy datagrabs, crap security will KILL the Internet of Thingies

Opinion Is the Internet of Things a nightmare, a glorious utopia, or might it just never happen? Last week I was asked to offer a few thoughts in a panel discussion for over 200 PriceWaterhouseCoopers staff, ranging from hackers to business geeks. I’ve only touched on IoT briefly, when David Cameron at CeBIT announced he was throwing a …
Andrew Orlowski, 13 Oct 2014

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

Infosec 2013 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
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
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

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

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

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

HP walkout threat to PwC

Hewlett-Packard will walk away from the planned takeover of Price-Waterhouse-Cooper's consultancy business, unless the price is reduced, CEO Carly Fiorina said yesterday. Initially, the two sides had agreed a price in the $17-18 billion range. But HP's share price has fallen since then, in common with other IT hardware and …
Drew Cullen, 01 Nov 2000

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

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

Updated 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

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
The Register breaking news

Price Waterhouse Cooper: Only mobile comms can SAVE HUMANITY

Future of Wireless 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 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
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

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
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 …
Children wash hands Plan photo Hatai Limprayoonyong

CIO of children's charity: Data re-org will change the giving game

There’s nothing charitable about working in the third sector. In fact, it’s extremely unforgiving, as children’s charity Merlin discovered in 2013. The charity merged with Save the Children after management determined they couldn’t raise the kinds of funds that corporate sponsors wanted to see it raising. The giving scene is …
Gavin Clarke, 16 Oct 2014
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

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

Ten things we'd like to see in the Budget – PwC

Ahead of tomorrow's Budget, PricewaterhouseCoopers' (PwC) technology division has published a list of ten things it would like to see included in the Chancellor's speech. The ten points are, PwC says, ways in which Budget 2000 can give the UK IT industry a boost. Here, reproduced in full, is the PwC top 10 things the hi-tech …
Sean Fleming, 20 Mar 2000

Huge jobs loss to follow public sector cuts

Half a million private sector jobs are likely to be lost as a result of public sector spending cuts. Predicted public sector cuts could mean 186,000 fewer jobs in business services and 47,000 fewer people employed in transport and communications. Add to that job losses from the construction, manufacturing and hospitality sectors …
John Oates, 13 Oct 2010
The Register breaking news

Is this the Future? PwC's Team of Champions

The secret, if you're PricewaterhouseCoopers*, it's epileptic video, a techno soundtrack and a riveting combo of talent on the stage. Of course, getting Sun and Microsoft to share a podium without bloodshed is probably an achievement worth trumpeting, even if their seats were separated by the head of ad agency BAM/SSB. The …
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 …

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
The Register breaking news

Tech23 unearths tech innovators downunder

Australia’s leading start-up showcase Tech23 has recognized five early-stage Australian technology companies to share in a pool of $150,000 in cash prizes. Mobile apps, cloud computing and innovative online engagement tools were among the areas recognized for commercialization potential. The event, now in its third year, …
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

Video and gaming driving Aus traffic and dollars

Australian online data consumption continues to escalate but fixed internet access revenue is set to decline, according to the latest report from PricewaterhouseCoopers. The Australian Entertainment and Media Outlook 2011-2015 reports that the volume of data downloaded increased by 57 percent in the year to June 2010 with online …

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

Special Report 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

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
The Register breaking news

Cheap energy revives US manufacturing, skint Brits shiver

The battle of crystal ball gazers over how much we'll be paying for energy in the future rages on. The government's advisory panel on global warming has weighed in, with a report on household energy bills. The Climate Change Committee uses slightly different assumptions to the Energy Department, and only looks at a slice of the …
Andrew Orlowski, 15 Dec 2011

Fraudsters nick BILLIONS from China's e-commerce Wild West

China’s burgeoning e-commerce industry has been remorselessly exploited by internet fraudsters to the tune of 30 billion yuan (£3bn) over the past 12 months despite police efforts to clamp down on dodgy sites. Industry group the China Electronic Commerce Association (CECA) was behind the concerning stats. CECA claimed that out …
Phil Muncaster, 15 Aug 2012
The Register breaking news

Student Loan Co writes off boss and chairman

Ralph Seymour-Jackson, the chief executive of the Student Loan Company and its chairman John Goodfellow have fallen on their swords following last year's failures. An interim chairman has been appointed while the board searches for an interim chief executive. Problems with the document-scanning system led to long delays for …
John Oates, 26 May 2010
The Register breaking news

IBM paints the cloud-scape blue

IBM has backed the creation of a standards body that comprises 40 "leading cloud organisations" but none of its main rivals in the battle to dominate the next big thing in computing. The Cloud Standards Council was wafted into public view as Big Blue unveiled a slew of cloud products and services and reset its stall to grab [big …
Joe Fay, 07 Apr 2011
The Register breaking news

Analysts predict early upturn this year for tech deals

The number of technology company mergers and acquisitions fell by 60% and the value of those deals by 52% last year, according to figures produced by consulting form PricewaterhouseCoopers (PwC). Though deal-making slumped to levels last seen in 2003, PWC analysts have claimed that UK deals will soon pick up in number and value …
OUT-LAW.COM, 26 Jan 2010
The Register breaking news

Sugar-daddy love runs out for hard-up Valley firms

Open ... and Shut For many startups, getting Series A funding isn't the problem. The problem is using that cash to clear the increasingly high hurdles investors are imposing on early stage startups for the Series B round. For as recent funding data shows, venture capitalists remain willing to spread bets at the Seed and Series A rounds of funding …
Matt Asay, 21 Feb 2012

China shoots for 800 million web users by 2015

The Chinese government is hoping to close the country’s digital divide further by bringing a whopping 800 million of its citizens online by 2015, according to its latest pronouncement. The ‘internet development plan’ for 2011-2015 was unveiled on Friday by the Ministry of Industry and Information Technology, Xinhua reported. …
Phil Muncaster, 07 May 2012
The Register breaking news

Picsel administrators sell assets to former managers

Former managers of Picsel Technologies Ltd have stepped in to buy up the assets of the defunct software development company, including the patent portfolio and the 50 remaining employees. Glasgow-based Picsel went into administration in July, when PricewaterhouseCoopers was appointed as administrator and set out to find a buyer …
Bill Ray, 16 Oct 2009

Organisations still don't know much about data protection

Over half of financial services firms do not know where all their customer and employee personal data is stored, according to a survey by auditors PricewaterhouseCoopers (PWC). Despite the fact that financial services firms hold extremely sensitive data on their customers, 54 per cent of those surveyed by PWC said that they did …
OUT-LAW.COM, 13 Jan 2009
The Register breaking news

Picsel Technologies goes dark

Updated The future of Picsel Technologies is in doubt today after its website disappeared amidst claims that it has gone into administration. Sources claimed last night that PricewaterhouseCoopers had been appointed as administrators of the Renfrew-based firm. Meanwhile, the website appears to have vanished off the internet. When we …
Bill Ray, 16 Jul 2009
The Register breaking news

UK Cyber Security Challenge renewal promises better prizes

The UK's Cyber Security Challenge is promising a renewal of the competition, with more competitions on a broader range of topics and better prizes. The Challenge, successfully run last year as a way of promoting interest in information security as a career and unearthing hidden pools of talent, is once again backed by the UK …
John Leyden, 20 Apr 2011
The Register breaking news

Garlands folds: 1000 call-centre jobs axed in Northeast

Garlands Call Centres has gone into administration with the likely loss of 1,000 jobs in the north east. The firm, which worked with Vodafone, TalkTalk and Virgin Media among others, promised better staff development than many call centres are infamous for. It had centres in Hartlepool Marina, Middlesborough and South Shields …
John Oates, 18 May 2010
The Register breaking news

Deutsche Telekom CEO questioned over bribery claims

German prosecutors searched the home of Deutsche Telekom CEO Rene Obermann in August, it has emerged, and have questioned staff about alleged bribes paid in the form of dividends to stifle Macedonian competition. The investigation was kicked off in 2007 by the US Securities and Exchange Commission, which were tipped off when PwC …
Bill Ray, 15 Sep 2010

Satyam finds bankers to find it funding

Indian outsourcer Satyam has appointed two investment banks to help it find long term funding. Avendus and Goldman Sachs are talking to banks and are dealing with immediate operating expenses. Satyam has also lined up cash for January salaries from money received. Board member T N Manoharan said Satyam had received proposals …
John Oates, 28 Jan 2009
The Register breaking news

ECJ ruling puts VAT on salary sacrifice schemes

Drugs giant Astra Zeneca should pay VAT on retail vouchers given to staff that form part of a salary sacrifice scheme, the European Court of Justice (ECJ) has said. The ruling could derail some similar schemes. Salary sacrifice schemes operate by allowing employees to receive vouchers or benefits instead of part of their salary …
OUT-LAW.COM, 19 Aug 2010
graph up

Indian Feds arrest more for Satyam fraud

The Central Bureau of Investigation - India's federal investigators - have arrested three of Satyam's financial staff they believe were involved in the fraud. The beancounters are suspected of helping Satyam's founder Ramalinga Ramu forge documents to provide evidence of inflated revenues to auditors. Ramu wrote a bizarre letter …
John Oates, 07 Apr 2009