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Press Releases
Knowledge from the source
The global press releases page contains links to news and information about DTT activities around the world. The most recent releases appear at the top of the page. For press releases at the country or regional level, please select the relevant local practice from the global site selector at the top of this page, then proceed to the appropriate press or news-related area of the site.  Deloitte headlines delivered to your desktop via our RSS feeds.
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| Financial performance weakens at top 20 global aerospace and defense companies |
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June 17, 2009 |
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Paris, 17 June 2009 — Despite a nominal increase in sales, the top 20 global aerospace and defense (A&D) companies experienced declining financial performance in the first quarter of 2009 compared to 2008. According to a new report, Throttling back: Midyear outlook for the global aerospace and defense industry, by Deloitte Touche Tohmatsu’s (DTT) Global Manufacturing Industry Group, based on 2009 first quarter financial reports and public documents, sales revenue growth fell 83%, down from 10% to 1.7%, operating profits decreased 12%, and operating margins declined by 13.9% . Although the global A&D industry capped off a... |
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| Deloitte: Executives must view business through a new lens due to climate change |
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June 15, 2009 |
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Tokyo, June 12, 2009 — As Japan prepares to publish its 2020 goals for greenhouse gas emissions, businesses need to be prepared to manage the upside and the downside. How they do this is one of the top of mind issues Deloitte member firm leaders are discussing at the Deloitte Touche Tohmatsu Annual World Meeting, being held in Tokyo this week. As part of its preparation for the meeting, which focuses on client service excellence, 50,000 Deloitte member firm client service representatives from around the world contributed to a web-based discussion on how best to advise clients on top-of-mind businesses issues, including climate change,... |
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| UK hotel performance on an upward path |
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June 9, 2009 |
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- Hoteliers across UK have reason to be optimistic;
- Strong Euro boosts tourism to UK
London, 9 June 2009 – In depth analysis by Deloitte, the business advisory practice, reveals a clear trend in improvement in UK hotel performance over the last five months. Whilst revenue per available room (revPAR) is still negative, the pace of decline is reducing and some markets are actually showing gains on 2008 numbers with strong leisure demand driving up weekend occupancies and revenues. There is also a trend of improving performance in the weekday corporate business market in London. Marvin Rust,... |
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| Deloitte celebrates its global commitment to IMPACT Day |
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June 5, 2009 |
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New York, June 5, 2009 – The people of Deloitte member firms around the world will shut off their computers, emails, and phones to provide skills-based volunteering and a helping hand to hundreds of not-for-profit organizations as part of IMPACT Day. Deloitte member firm professionals will use this day to support not-for-profits in activities where they share their knowledge and expertise such as strategic business planning and helping teachers in schools, as well as painting buildings and beautifying parks and gardens. About 50,000 Deloitte people across 60 countries are expected to contribute their time and skills throughout the year to... |
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| Deloitte Touche Tohmatsu marks World Day for Cultural Diversity |
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May 21, 2009 |
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New York, May 21, 2009 – As part of the United Nations’ World Day for Cultural Diversity for Dialogue and Development, Deloitte Touche Tohmatsu (DTT) recognizes the contributions of its member firms' diverse people, cultures, and organizational expertise. The Deloitte network is comprised of member firms with strong regional cultures that are interconnected, reflecting the world within which we live and work. In addition to offering Deloitte people the opportunity to work across borders on client engagements and through overseas assignments, Deloitte member firms also provide client teams with cross-cultural skills training to... |
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| Deloitte Global Managing Partner of Operations Manoj Singh is appointed to U.S.-India Business Council Board of Directors |
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May 7, 2009 |
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New York, May 7, 2009 — Deloitte Touche Tohmatsu (DTT) and the U.S.-India Business Council (USIBC) is pleased to announce the appointment of Manoj Singh, DTT Global Managing Partner, Operations, to the U.S.-India Business Council’s Board of Directors. The U.S.-India Business Council is the premier business advocacy organization comprised of top-tier U.S. and India companies, whose aim is to deepen two-way trade and strengthen commercial ties. “The promotion of trade and investment between the United States and India is even more crucial in today’s difficult economic... |
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| Deloitte report urges governments around the world to step up cybersecurity efforts or face potential disruption and isolation in the global economy |
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May 6, 2009 |
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Washington D.C., 6 May 2009 — Governments around the world need to address cybersecurity urgently to mitigate the threat of disruption to government operations and commerce, and to facilitate sustainable economic growth. The result will be an increase in global commerce and better interaction between governments and the governed. According to the report “Cybersecurity: Everybody’s imperative. Protecting our economies, governments, and citizens,” published today by Deloitte Touche Tohmatsu, everything that depends on cyberspace – from infrastructure to military operations and national security – is at... |
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| Deloitte welcomes Robert M. Kimmitt as chairman of its newly created center for cross-border investment |
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May 5, 2009 |
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New York, May 5, 2009 – Robert M. Kimmitt has joined Deloitte as chairman of its newly created Center for Cross-Border Investment (CCBI). Through the CCBI, Kimmitt will provide counsel to Deloitte member firms on the execution of cross-border mergers, acquisitions, divestitures, and other transaction-related activities by parties including private equity investors, strategic buyers, hedge funds, sovereign wealth funds, and state owned enterprises. He will also add a strong voice to the organization’s support for free and constructive cross-border capital flow. “Bob has extensive knowledge of the financial services industry and a deep... |
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| Lower demand for Middle East hoteliers in Q1 2009 |
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May 4, 2009 |
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London, 4 May 2009 – A report produced quarterly by Deloitte, the business advisory firm, has found that revenue per available room (revPAR) in the Middle East region dropped by 12.9% to US$142 during Q1 2009, driven by a 9% fall in occupancy levels. However, this decline is not as extreme as other world regions and the Middle East continues to be the best performing region achieving the highest occupancy, average room rates and revPAR. Commenting, Alex Kyriakidis, Global Managing Partner of Tourism, Hospitality & Leisure at Deloitte, said: “It’s clear that the economic situation has deteriorated and consumer and business... |
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| UK hotel industry continues to suffer through first quarter of 2009 |
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May 4, 2009 |
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London, 4 May 2009 – Deloitte, the business advisory firm, has confirmed that the hotel industry continued to suffer during the first quarter of 2009 with a sharp decline in leisure and corporate travel. UK cities overall experienced a decline in revenue per available room (revPAR) by an average of £5 (9%). Despite this, monthly declines were less extreme in March, down 5.2% when compared to a 10.8% drop year-to-February 2009. On the surface this seems like good news, but with Easter in Q1 2008 and Q2 in 2009, stronger hotel performance was expected. Hotels in London brought up the UK average slightly with a revPAR... |
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