PwC Finds UK Consumers Hope Recovery Will Follow World Cup Win

PricewaterhouseCoopers UK has a very interesting finding after recently surveying 2,000 UK adults. A full one-fifth believe that a win for UK in the upcoming World Cup in South Africa “could help allay the financial crisis and would help the country out of the downturn.”...



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Accenture Q2-2010 Fall Short, But New Bookings Assures Investors

Accenture recently reported its Q2-2010 quarterly results for the quarter ending Feb. 28, 2010 with revenues of $5.18 billion, down 2% in U.S. dollars but 8% in local currency from Q2-2009 revenue of $5.27 billion. Consulting revenues $2.93 billion, down 3% in US dollar terms and Outsourcing revenues were $2.24 billion, flat in U.S. dollar terms. Q2-2010 net income was $462 million, compared with $502 million for Q2-2009...

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Accenture Q2-2010 EPS Out Tomorrow March 25th, 2010

Accenture releases its Q2-2010 quarterly earnings tomorrow March 25, 2010.

NYSE: ACN shares are at $41.80 down 1.49% today ahead of earnings in a day where the Dow Jones is down 46 points due to a general downgrade of Portugal’s debt. But note that Accenture shares are trading close to their all-time highs. The stock hit its 52-Week high of $43.89 in January 2010 and set its 52-Week low of $26.33 in April 2009....

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John Veihmeyer Is New KPMG US Chairman

The US firm KPMG LLP just announced that its current CEO, John B. Veihmeyer, 54, will become the chairman and chief executive of the U.S. audit, tax and advisory firm for a five- year term, starting June 10, 2010 and going till June 9, 2015. Veihmeyer will take over from Timothy P. Flynn, 53, who will now spend all his time as chairman of the KPMG International firm. Flynn was chairman of the U.S. firm since 2005, and chairman of KPMG International since 2007....

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Ernst and Young Found Negligent in Lehman Report, Tough Consequences

There’s been so much press on the recently released report on the spectacular failure of Lehman Brothers by Anton Valukas, so we’ll just focus on the key elements which involve Lehman’s auditor Ernst & Young....

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PwC Finds London Hoteliers Busier and Optimistic, But Constraints Remain

If you’re from the UK or have plans to visit the British Isles, you may want to keep one eye on the foreign exchange market and one eye on the costs of visiting London. It's an expensive city in many ways, and the hotels have been less than busy, but that's slowly changing as PwC is finding with London hoteliers....



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Accenture Joins ATT Business Exchange – Deja Vu The Fax Effect

The “Fax Effect”, if you can recall, illustrates the exponential power and cost saving inherent in large networks.

And it goes something like this. If you had a fax machine, and no one else had one, then it would be quite valueless, as you can neither send nor receive faxes. Now, if your friend bought a fax machine, you can exchange faxes with him. Immediately you have both gained value. But fax machines would still be relatively expensive for both of you....

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KPMG: The Triple Bottom Line of People, Planet and Profits

Here’s an interesting note from KPMG’s global web site. Rodger Hill, Head of Financial Management Advisory at KPMG UK, believes that “The days of purely measuring business performance by financial result may well be numbered. In its place, I believe that discerning investors will look for something broader to measure an entity’s real contribution and performance.”...

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