News and information on Deloitte activities - our most recent press releases can be found here:
| EirGrid Appoints Deloitte-led Consortium to East-West Interconnector Project |
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28 July 2008 |
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EirGrid Plc has appointed a consortium led by business advisory firm Deloitte to provide it with financial and legal services on the East-West Interconnector Project. The Deloitte-led consortium, which includes law firm Arthur Cox, will coordinate the design and execution of a funding competition to secure finance for the Interconnector, as well as providing corporate finance and legal advice. The consortium was appointed following a public tendering process. John Fitzgerald, East-West Interconnector Project Director with EirGrid, said: “We are pleased to have a consortium with the expertise of Deloitte and Arthur Cox on... |
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| 75% of CFOs seek greater role in management strategy in changing economy – Deloitte |
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14 July 2008 |
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Three out of four Chief Financial Officers (CFOs) will place a greater emphasis on strategic business issues over the next 18 months, pointing to a redefining of their traditional role, according to the Deloitte 2008 CFO Survey. The need for good internal control, effective financial governance and efficient finance operations, which have received significant focus in recent years, must be balanced with proactive involvement in business strategy. A total of 63% said they would place more emphasis on being a ‘catalyst’ within their business over the next 18 months, indicating that CFOs see their role as evolving from... |
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| Wealth managers losing client trust |
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02 July 2008 |
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A report on the European wealth management industry published by Deloitte, the business advisory firm, has highlighted a growing disconnect between high net worth individuals and the wealth management industry. This perceived ‘trust deficit’ is restricting the industry’s potential growth and profitability. The report ‘Reconnecting for profit’ was based on an in depth study of the European wealth management industry. The research shows that the industry will struggle to sustain margins due to a number of factors including a decline in asset prices, escalating costs, operational limitations, increased competition (from insurance... |
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| Technology Companies Called to Light the Way! |
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23 June 2008 |
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Deloitte, the business advisory firm, is today calling on Ireland’s indigenous technology companies to apply for the 2008 Technology Fast 50 Awards. The awards are an independent, objective ranking of the top 50 fastest growing technology companies throughout Ireland. Now in its ninth year, the awards showcase technology companies that have achieved high revenue growth over a five-year period. In addition, the Rising Star category will honour two up and coming companies who are in business less than 5 years. The winners will be announced at the Fast 50 Awards ceremony which is taking place on October 16th in the Guinness... |
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| Four New Partners at Deloitte |
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17 June 2008 |
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Deloitte has today announced the appointment of four new partners – Michael Flynn, Christian MacManus, Honor Moore and Mike Sheehan. Michael and Christian become Corporate Finance and Audit Partners respectively in the Dublin office. Honor and Mike become Audit and Tax Partners respectively within the regional practice. Pat Cullen, Managing Partner commented: “I am delighted to welcome our four new partners into the partnership. At Deloitte, we are committed to recognising the excellence of our people and these appointments reflect the quality and strength of the firm on a national basis. We wish them every success in their... |
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| Deloitte report: too much emphasis on senior leadership neglects core talent |
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16 June 2008 |
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A study by Deloitte, the business advisory firm, finds that corporate talent management strategies will need to shift considerably to address a more competitive market for global talent. The talent pool is expected to shrink by 13% over the next 40 years. Deloitte conducted extensive interviews with 58 of the world’s leading organisations that collectively employ more than 2 million people in order to ascertain how they are preparing for the talent crisis. Changing demographics - in the form of an ageing and shrinking workforce coupled with changing employee expectations - is compelling organisations (in the developed... |
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| Deloitte Director awarded Best Article in Accountancy Ireland Award |
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05 June 2008 |
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Oliver Holt, Audit Director with professional services firm Deloitte, has been awarded this year’s Accountancy Ireland Award for his article on the Audit Quality Framework. In the article, which was published in the December 2007 edition of Accountancy Ireland, Holt argues that “an auditor with a good ‘gut’ feeling for when the numbers are correct, while perhaps not very technically adept with auditing standards, may play a much more important role on a particular audit than an expert in obscure accounting standards.” Accountancy Ireland is the journal of the Institute of Chartered Accountants in... |
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| Fourteen Day Deadline for Best Managed Irish Companies |
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04 June 2008 |
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Deloitte, the leading business advisory firm, in association with Bank of Scotland (Ireland), are calling on all Irish owned, managed and controlled companies to submit their applications for the inaugural Best Managed Company Awards programme by the deadline of Wednesday, June 18. This new business awards programme will recognise twenty indigenous Irish companies across the island of Ireland which are operating at the highest levels of business performance. Applications should be made on the dedicated website - www.deloittebestmanaged.ie. Kevin Sheehan, Partner, Deloitte said:... |
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| Record revenues fuel Premier League clubs’ on pitch success |
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29 May 2008 |
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Deloitte’s latest Annual Review of Football Finance reveals that Premier League clubs’ revenues have increased substantially across all areas of their business. The Premier League now generates more revenue than any other league across each of the three primary revenue categories; matchday, broadcast and commercial. This has enabled them to recruit and retain the best players which attracts fans and fills stadia resulting in on pitch success at home and abroad. Dan Jones, Partner in the Sports Business Group at Deloitte, commented: “Domestic popularity, investment in facilities and global reach... |
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| Cost of regulation for the leading 100 financial institutions is €36 billion |
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26 May 2008 |
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The world’s leading 100 financial institutions have seen their expenditure on regulation and compliance rise by more than 30% in the past three years to an estimated €36 billion (US$56 billion) in 2007, according to a new report by Deloitte, the business advisory firm. Deloitte believes that the cost of regulation is yet to peak and predicts that the governance and control bill for the world’s largest 100 financial institutions could hit €65 billion (US$100 billion) by 2010. This is even before the cost of any new regulation introduced in response to the credit crisis. However, a new report by Deloitte entitled... |
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