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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.

For more information please contact a member of the public relations team or visit our global news room.

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European cities challenged for top spots on Global Ranking Index 05 March 2008 European cities continue to lead global hotel performance in terms of revenue per available room (revPAR), taking 12 of the top 20 places in the Global Ranking Index (GRI), a report produced annually by Deloitte. However, the growth of tourism in other world regions could see European cities challenged for the top spots next year.

More than 50% of the world’s travellers chose Europe as their preferred destination in 2007, according to the World Tourism Organisation. This led to an overall revPAR increase of 15.8% to...
‘Better managed motorways’ will have a positive impact on congestion and improve journey time reliability 04 March 2008 Ian Simpson, a Deloitte partner, who leads the firm’s public transport consultancy team responded to the Department of Transport’s announcement to better manage England’s motorway capacity:

“The Government’s plans to enable drivers to use motorway hard shoulders will have a positive impact on traffic congestion and improve journey time reliability. Implementing hard shoulder running on a large part of our most congested motorways will provide substantial benefits to road users.  Being able to accurately estimate your journey time is clearly an important factor for today’s driver.

“The proposals are one step towards...
Caught between a Rock….. 03 March 2008 Roger Bootle, economic adviser to Deloitte, looks ahead to the 2008 Budget on 12 March

  • Alistair Darling presents his first Budget at a time when the apparent needs of the economy and the public finances could hardly be further apart. His room for manoeuvre is pretty tight, but he should be able to afford a small tax giveaway to help to support the economy.
  • Mr Darling will be forced to acknowledge that the outlook for the economy has weakened since October’s Pre-Budget Report. Although he predicted that GDP growth would slow sharply this year, the risks have shifted firmly to the downside....
Deloitte comments on Chip and PIN study by Cambridge Security Group 27 February 2008 Mike Maddison, UK head of security and privacy services at Deloitte, comments on the University of Cambridge Security Group study:

"Any technology, including Chip and PIN card readers, located outside of the physical reach of the banks, presents a challenge to organisations to ensure an appropriate level of security is achieved. In reality 100% security is often unachievable, particularly if the knowledgeable attacker has unlimited time and funds at their disposal. The banking sector is one of the most advanced when it comes to security and I know the industry is working hard on an ongoing basis to respond to this and other...
Out with the old and in with the new as banks move towards new debt structures 27 February 2008 Hector Sants, Head of the FSA, commented today that the days of cheap debt are numbered.

Fenton Burgin, debt advisory partner at Deloitte, responded: “Three different factors are at work in changing the current lending situation.  The credit crunch has resulted in fewer banks with capital to lend; a number of banks are effectively shut to new business at the present time.  The implementation of Basel capital requirements means that banks will have to allocate a higher degree of capital to loans, which has further reduced liquidity.  The final layer is that the CDO market has largely evaporated.   The net effect of all these factors is...

Deloitte appoints Rick Cudworth as Head of Business Continuity and Resilience 26 February 2008 Deloitte, the business advisory firm, has announced today the appointment of Rick Cudworth as Head of Business Continuity and Resilience, EMEA. Rick was previously a global leader for Business and Technology Continuity services with KPMG.

Rick joins a rapidly growing Enterprise Risk Services practice at Deloitte and his new team, many who have joined from KPMG, has already grown to ten with ambitious expansion plans.

Simon Owen, Senior Partner who leads the UK ERS Technology practice commented: “We are delighted to welcome an expert of such high calibre in the business continuity and resilience area to Deloitte....
Companies struggle to comply with latest reporting requirements 21 February 2008 Many companies are failing to comply fully with new reporting requirements for half-yearly financial reports following the UK’s introduction of the EU’s Transparency Obligations Directive (TOD) .  A new report from the business advisory firm Deloitte, ‘Half a story’, considers the impact of the TOD, which introduced more detailed and extensive requirements for half-yearly financial reports, including compliance with IAS 34 and shorter reporting deadlines.

The key findings of the report include:

  • Of 289 companies surveyed, 72 (25%) failed to provide a responsibility statement in their half-yearly reports.  This is now a...
A third of GDR issuers report weak financial controls 20 February 2008 Latest analysis by Deloitte has shown that over a third of global depository receipt (GDR) issuers have highlighted financial control weaknesses in their listing prospectuses.  Last year a record-breaking £11.6 billion was raised through GDRs, compared with £8.9 billion raised through equities. 

John Hammond, capital markets partner at Deloitte, commented: “Over a third of GDR issuers disclosed either material weaknesses or limitations in their internal controls last year yet they are exempt from the protective corporate governance requirements of Primary Listings on the Main Market.  GDRs are, for example, exempt from applying the...

Deloitte comments on opportunities in emerging telecoms markets 19 February 2008 Following the announcement of the development of a £10 mobile handset* in India, Chris Williams, Telecoms Partner at Deloitte comments:

"The lower the price of a mobile handset goes, the greater the addressable market becomes. Over 80 percent of the world's population live within coverage of a mobile network, but half of these live on $2 a day. For this latter group, low-cost handsets could become an essential tool to increase earnings simply to the level of making a living.

"Emerging economies represent a sizeable opportunity. Vendors should note that demand may be stronger in rural areas, where consumers are likely to welcome...

Managing global energy demand and fostering energy efficiency 18 February 2008 Peter Newman speaking at IP Week 2008 calls for greater co-operation amongst oil companies.

Peter Newman, Global Leader of Deloitte’s Oil and Gas practice, spoke today on the role of national and international oil companies (NOCs and IOCs) in fostering energy efficient strategies.

“There is a widespread acknowledgement that the era of plentiful and cheap oil and gas is drawing to a close, and that future supplies will be much costlier and more difficult to locate and exploit. As a consequence, for the first time in 30 years the focus of many has turned to the challenge of energy efficiency.

“To address energy efficiency,...

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