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Listed below are our UK press releases, providing an overview of our activities and opinions over the last 18 months. Our most recent press releases can be found at the top of the page.

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Crunch time: CEOs look to marketing to drive growth 08 October 2008 In these uncertain economic conditions it has never been more important for organisations to deliver growth. Research from Deloitte, the business advisory firm, finds that CEOs are placing their faith in marketing above all other drivers to shape strategy and drive growth.

Malcolm Wilkinson, head of Deloitte’s marketing effectiveness team said: “As market conditions deteriorate growth is like gold dust. Our research has found that organisations believe that marketing is the driver of growth through its role as a generator of demand....
Private equity houses and public companies need “lean and mean” portfolios to beat the credit crunch 08 October 2008
  • Analysis of 150 transactions shows that overhead savings of 17% can be made
  • Current economic climate is driving an increasing number of forced consolidations

Analysis by Deloitte, the business advisory firm, has highlighted the costs being saved by companies that have been through an acquisition or merger.  As the credit crunch bites harder and deeper, both public companies and those owned by private equity investors are becoming increasingly focussed on delivering cost reductions either through performance improvements or further mergers.

Jason Caulfield,...

Rates on their way to 2.5% 08 October 2008 Exceptional circumstances require exceptional measures and I expect today’s "emergency" 0.5% interest rate cut to the first of a series of moves taking rates down to the exceptionally low level of 2.5%. In fact, they may have to fall to, or below, their all-time low of 2%.

The fact that the Monetary Policy Committee was prepared to cut interest rates by a full half point – from 5% to 4.5% – 24 hours ahead of the normal scheduled meeting underlines the seriousness of the problems facing the banking sector and the real economy. This was part of coordinated action on an unprecedented scale that saw the US Federal...
Bank of England ‘Credit Conditions’ report: time to get the house in order 02 October 2008 Commenting on today’s publication of the Bank of England’s third quarter ‘Credit Conditions’ report, Fenton Burgin, debt advisory partner at Deloitte, said: “The latest survey highlights the intensified need for corporates to put their house in order.  Banks reported a marked rise in the demand for capital for balance sheet restructuring.  The net balance of banks reporting stronger demand has jumped from -7% to +19.2%.” 

Referring to recent analysis from Deloitte, Burgin continues: “The scarcity and expense of credit could see UK businesses paying an additional £13bn...
2008/2009 set to be vintage years for Russian private equity 30 September 2008 A report from Deloitte, the business advisory firm, highlights how Russia’s private equity players plan to use the current market uncertainty to their advantage.

With the list of postponed IPOs increasing, public company valuations at 2-year lows and extremely difficult debt markets, private equity is emerging as the preferred financing solution for ambitious Russian companies. 50% of private equity professionals viewed the global liquidity crisis as a positive development for private equity activity in Russia at the same time as only 53% expected competition for new investments to increase (compared to 91% in 2007).
Call for UK regions and cities to face climate change legislation 30 September 2008 New research has been published highlighting the impact of impending EU and UK climate change legislation on businesses.  It calls for regional economies to plan for a new legislative and policy agenda and then manage the transition into a low carbon economy.

The report Mini-Stern for Manchester, from business advisory firm Deloitte, was commissioned by Manchester Enterprises, the city’s economic development agency, on behalf of the Association of Greater Manchester Authorities’ Economic Development and Environment Commissions. The aim of the report is to inform the city region’s environment strategy. It is the first of its kind in the...

More than fifty organisations receive Deloitte’s service on national community investment day 26 September 2008 Over 1,500 Deloitte employees around the UK are today setting aside their regular work and contributing their time and skills to local community organisations as part of the firm’s annual Community Investment Day.

Community Days provide an opportunity for teams of Deloitte employees to get involved in their local community for a day in the firm's time. This year staff will participate in over 50 community and environment projects such as clearing and planting within a woodland area, gardening projects for an old people's home, painting and decorating a youth centre, and painting murals in a school classroom.
Entrepreneurs play risky game by not planning eventual business exit 25 September 2008 Almost three-quarters (74%) of UK entrepreneurs are risking the long-term success of their business by not giving adequate thought to how they will eventually exit the business, according to Deloitte, the business advisory firm.

The survey findings, published in the report ‘Entrepreneurship UK: 2008’, reveal that in 72% of cases the founders are still involved in the day-to-day running of the business, yet 39% have no exit plan in place. Thirty-five percent are simply waiting for an opportunistic approach from a third party.

Tony Cohen, head of entrepreneurial business at Deloitte says: “An entrepreneur’s...

Historic night race shines spotlight on Singapore 25 September 2008 This weekend the first night race in the history of Formula 1 will take place in Singapore.  It is the second new race this season and like Valencia before it, the Singapore Grand Prix is a street circuit.  Also like Valencia, Singapore has invested in Formula 1 as part of its overall tourism and sporting strategy.

Alan Switzer, Director in the Sports Business Group at Deloitte commented: “There is no more prestigious global sporting event that a city can host over a single weekend.  Grands Prix are a scarce resource with intense competition to host them.  The 17 Formula 1 Grands Prix generated average revenues of US$229m per race in...

Deloitte response to Ofcom proposals for super-fast broadband 24 September 2008 Chris Williams, telecommunications partner at Deloitte, comments: “We welcome the news that Ofcom is looking at ways to encourage the telecoms industry to invest in the UK's broadband infrastructure - the future of very high speed broadband in the UK depends on the outcome. The telecommunications industry is looking for assurances that they will be able to make a return on any investment into next generation broadband services. Any investment will need to consider what cost, if any, can be passed on to the consumer or to an intermediary, such as an advertiser.  
 
“Key to the debate on investment in broadband infrastructure is...
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