Press Releases

20 November 2009
Business fraud committed by middle and senior management across New Zealand has increased by almost 20 percent over the past year, according to the latest PricewaterhouseCoopers Global Economic Crime Survey.

 

2 October 2009
National Finance receivers make final payout
The receivers of National Finance 2000 Ltd, PricewaterhouseCoopers partners Colin McCloy and Maurice Noone, advise that a third and final repayment of principal was distributed to secured investors today.

 

29 September 2009
Kiwi businesses shift focus to customer
Kiwi businesses are putting customers first in order to generate revenue growth, according to the first edition of the quarterly PricewaterhouseCoopers Clever Companies Insight. 

 

17 September 2009
Trustee places OPI Pacific Finance into receivership
OPI Pacific Finance Limited (formerly MFS Pacific Finance Limited) has been placed into receivership by its trustee, Perpetual Trust.
PricewaterhouseCoopers Partners Colin McCloy and Maurice Noone were appointed receivers.

7 September 2009
PricewaterhouseCoopers elects new CEO
PricewaterhouseCoopers Partner Bruce Hassall has been elected the new CEO of the New Zealand firm, PwC has today announced.

13 August 2009
Bank profits slide 22% as bad debts
New Zealand’s five major banks (Westpac, ASB, ANZ National, BNZ and Kiwibank) are weathering the economic turmoil with solid half-year results, however a quadrupling of bad debts has forced down profits by almost a quarter over 18 months.

16 July 2009
Four new partners for PricewaterhouseCoopers
PricewaterhouseCoopers today announced the admission of four new partners to the New Zealand partnership. There are now 114 full equity partners in the firm.

13 July 2009
Receivers appointed for Hukawai Glacier Centre
PricewaterhouseCoopers partners Malcolm Hollis and John Fisk have today been appointed receivers of The Glacier Centre Limited (trading as Hukawai Glacier Centre) in Franz Josef and related company JHR Properties Limited.

13 July 2009
Sustainable 60 - A blueprint for business
Short term survival, long term viability Fairfax Media and PricewaterhouseCoopers are launching the Sustainable 60, an exciting series designed to share and reward excellence in sustainable business practice in New Zealand.

28 May 2009
Tax system vulnerable to global crisis
Budget 2009 takes a responsible position on tax cuts in the current economic climate, but is a sharp reminder of how vulnerable our tax system is to a global recession, PricewaterhouseCoopers Chairman John Shewan has announced.

22 May 2009
Fishers Meats sold by receivers
The receivers of Fishers Meats Limited are pleased to announce that a local Dunedin investor has purchased the business. Infocus Investments Limited has purchased the business of Fishers Meats as a going concern, saving the jobs of the 15 remaining staff at the business.

22 May 2009
PwC CEO takes top job in the Middle East
PricewaterhouseCoopers Chief Executive Officer Warwick Hunt is to leave New Zealand later this year to take up a senior role with PricewaterhouseCoopers in the Middle East, PwC New Zealand Chairman John Shewan has announced. Mr Hunt will take up the role of CEO of the Middle East Region of PwC, based in Dubai, in November. Mr Shewan says the appointment is testimony to the regard in which Warwick Hunt is held both here and overseas.

18 May 2009
Williams and Adams businesses sold by liquidators
The Liquidators of car dealers Williams and Adams Limited are pleased to announce that Team Capital Limited has purchased the central Wellington and Porirua Holden businesses. This follows last month’s sale of the Paraparaumu Holden and Suzuki site to Gary McKelvie of Horowhenua Motor Company Limited.

15 May 2009
Provincial Finance Receivership Concludes
Total returned 92.2 cents

11 May 2009
Australian Major Bank's Bad Debt Hit 16 Year High
Australia’s major four banks (the majors) have delivered a very creditable set of half-year earnings amidst deteriorating economic conditions, scarcity of capital and rising unemployment. According to PricewaterhouseCoopers’ ‘Banking Perspectives’, the majors achieved underlying cash earnings of $8.4 billion – a six per cent reduction over the prior corresponding period

25 March 2009
Receivers sell Mountain Buggy business
The business of Tritec Manufacturing Limited, manufacturer of the iconic Mountain Buggy branded products, has been sold to New Zealand-based buggy company phil&teds, in an unconditional deal that will settle on 31 March.

30 January 2009
CEO Confidence Plummets to New Low
Battered by recession, CEOs' confidence about future prospects for business has plummeted and executives expect a slow, gradual recovery over the next three years, PricewaterhouseCoopers 12th Annual Global CEO Survey has found.