Articles about Pwc

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
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 …
channel

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

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

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

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

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

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

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
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

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

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, …
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
channel

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

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 …
grab_that_cash

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

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
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
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

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
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

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

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

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

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
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
cloud

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

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
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

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
channel

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

Are we in the middle of a PATENT BUBBLE?

Analysis For some time, the only reason the word 'patent' meant anything to the average Joe was if they happened to know that Albert Einstein was a patent clerk before he became a rock star physicist. Nowadays, everyone is well up on the Great Patent Wars of technology firms, in particular the face-off between Apple and Android OS …
The Register breaking news

Data, not software, paves the road to riches

Open...and Shut For those who believe software is a quick road to riches, think again. As RedMonk analyst Stephen O'Grady detailed in his Open Source Business Conference keynote, the top 20 software companies are relatively low on Fortune 500's totem pole of revenue, and not a single one lands in the top 10. And of the top 20 companies on PwC' …
Matt Asay, 27 May 2011
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
channel

Rebrand ahoy for tainted Satyam

Indian outsourcer Satyam is to rebrand itself in order to draw a line under the revenue-boosting shenanigans of its ex-chief executive and founder, who is still awaiting trial. Ramalinga Raju admitted falsely inflating Satyam revenues by about $1bn. He is still awaiting trial along with two auditors from PwC accused of signing …
John Oates, 23 Jun 2009
The Register breaking news

No legal privilege for accountants, says Court of Appeal

The right to keep correspondence and documents relating to legal advice secret does not exist when the person giving the advice is an accountant, the Court of Appeal has ruled. Legal professional privilege (LPP) is the right of a person or company to communicate with their lawyer in secret. Even in a trial that communication and …
OUT-LAW.COM, 18 Oct 2010
channel

Satyam shortlists bosses and banks

Satyam's board of directors is expected to announce a new CEO and CFO this week, and is also close to finding short-term funding. Last week they said the list had been narrowed down to three names. The group also expects to have funding in place by Wednesday. The board meets tomorow for final discussions but said the firm's …
John Oates, 26 Jan 2009
homeless man with sign

Satyam board mulls buyers shortlist

Satyam's government-appointed board of directors met today to look at bids received for the company - the deadline for registering interest was last night. Directors have appointed former Chief Justice of India SP Bharucha to oversee the process. Interested bidders have until next Friday to provide proof of funds totalling at …
John Oates, 13 Mar 2009
channel

UK goes shopping for tech firms

The UK went against tradition last year and became a net investor in technology companies, according to a new report. Year-end figures for technology mergers and acquisitions from PricewaterhouseCoopers (PwC) Corporate Finance show that UK companies acquired 33 technology businesses worldwide in 2005, while just 24 UK companies …
Startups.co.uk, 02 Feb 2006
globalisation

Satyam loses Oz contract

Australian telco Telstra is pulling the plug on a A$32m contract with Satyam and handing the work to EDS. The telco's annual applications support contract will not be renewed, despite a visit from Satyam's chief executive A S Murty last week. Telstra refused to confirm the move, revealed by the Australian, because it does not …
John Oates, 16 Mar 2009
The Register breaking news

Darling upsets almost everyone

The Chancellor's pre-Budget report got a distinctly mixed reaction from business and technology groups. Although tax cuts for companies focussed on research was welcomed, no-one welcomed the hike in National Insurance. The Federation of Small Businesses welcomed the delay in the 1p increase in corporation tax for smaller firms …
John Oates, 10 Dec 2009
The Register breaking news

US sees record jump in e-ad revenues

Online ad revenues in the US jumped 30 per cent in 2005 as spending on online advertising continued to grow at a "healthy rate". The latest figures from the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) showed that overall internet advertising revenues for the US hit a record $12.5bn during last year. …
Team Register, 21 Apr 2006
The Register breaking news

e-ad spend on the up

Spending on interactive advertising jumped by a third last year racking up a record $9.6bn, according to a report by the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC). Half of the cash splashed out on e-ads was spent by consumer advertisers while the computing and telecoms sectors made up almost a …
Tim Richardson, 29 Apr 2005