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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| Number of non-executive directors stabilises, despite not all FTSE 350 companies meeting corporate governance guidelines |
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19 November 2007 |
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- Still only 10% of non-executive directors are women;
- Fees for non-executives grow faster than executive salaries, as demand for top independent talent continues
FTSE 350 companies are increasingly complying with the provisions of the Combined Code, however, a significant number still fail to meet the recommended 50:50 boardroom ratio of executive to non-executive directors, according to research by Deloitte. Independent directors make up less than half of the board at more than one in ten (11%) FTSE 100 companies and almost one third (29%) of FTSE 250 organisations. Change to the composition of boards has... |
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| Deloitte names UK partner as global head of tax for financial services |
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14 November 2007 |
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Deloitte, the business advisory firm, has named Ellie Patsalos, a senior partner in its UK firm, as its global head of tax for the financial services industry. Ellie, a tax partner in the firm’s Global Employer Solutions group, is the first woman to be appointed to Deloitte’s global tax executive and has also recently been named as a vice chairperson of the UK firm. Ellie, who also heads up the UK financial services tax team, has over 25 years experience specialising in international compensation and tax consulting for senior executives at major financial services organisations. She has been tasked with making Deloitte the... |
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| All things bright and digital: Shopping online and demand for high-tech items sees huge lift |
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13 November 2007 |
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Use of the internet for the bulk of Christmas shopping has doubled since 2006 (14% in 2007, versus 7% in 2006), according to the Annual Christmas Retail Survey published today by business advisory firm Deloitte. 74% of consumers will use online or mail order in some way for their Christmas shopping and two thirds (66%) of consumers will research or purchase goods online compared to half of the population (51%) last year. Consumer appetite for all things high tech will reach new heights over the festive period.
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| Deloitte expands education and skills consulting team |
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13 November 2007 |
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Deloitte, the business advisory firm, has expanded its public sector practice by recruiting seven education and skills consultants from KPMG and 11 other staff from school roles, the civil service and elsewhere in education. The newly expanded team will consult for a range public and private sector organisations including central government departments, local authorities, colleges and private sector companies on issues of policy, implementation and strategy. Mike Turley, Head of Public Sector Consulting at Deloitte said ‘There are significant challenges presented by the evolving demands of the education and skills sector. Deloitte’s... |
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| Deloitte sweeps the board at MCA Consultant of the Year Awards 2007 |
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13 November 2007 |
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Deloitte consultants beat off stiff competition to win three of the nine Management Consultancies Association’s (MCA) Consultant of Year Awards 2007 on Thursday 8th November, making Deloitte the most successful Consulting firm at this year’s event. The three award winning Deloitte consultants: - Annette Swinburn, HR Consultant of the Year.
- Richard Forrest, IT Consultant of the Year.
- Paul Vivash, Best New Consultant.
David Owen, Deloitte Consulting Managing Partner said “Deloitte has a longstanding commitment to consulting having built a successful practice based on the broadest range of services... |
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| AIM – Turbulent times ahead? |
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12 November 2007 |
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After a very strong Q2 for AIM, Q3 for the main part was equally impressive. Performance was particularly strong in July and August for fundraising on AIM; however September (traditionally one of the quietest months of the year) produced the lowest fundraising since 2005, at £230m according to research compiled by Deloitte, the business advisory firm. James Ferguson, Capital Markets partner at Deloitte, commented: “The impact of the global stock market turmoil has affected all the stock exchanges for the month of September. However, to this point the AIM market continued to demonstrate strong growth year on year as shown by the total... |
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| Nick Ritblat appointed strategic adviser to Deloitte’s real estate practice |
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09 November 2007 |
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Deloitte, the business advisory firm, has announced the appointment of Nick Ritblat to its real estate practice. Nick Ritblat is widely regarded as one of the most influential participants in the UK property market. He spent 19 years at British Land, of which the last 15 years were as an Executive Director, and was President of the British Property Federation for the past year, playing a major role in the launch of REITs and the establishment of the Property Industry Alliance. Nick will bring valuable insight into property markets and the needs of the Firm’s clients. He will advise on strategy, as well as originating transactions and... |
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| UK hotel bookings remain firm despite credit crunch concerns |
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09 November 2007 |
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Despite a reported softening in economic conditions, the UK hotel market has maintained strong growth in the last quarter. The latest results from the HotelBenchmark Survey by Deloitte show that across the UK revPAR (room revenue per available room) has increased 6.8% year-to-September, with five UK cities posting double-digit increases. However, the rate of growth is down on that seen in the six months to the end of June when revPAR had increased 8.3%. Scotland saw the best hotel performance of the three countries in the United Kingdom with revPAR growth across the country of 8.9%. Aberdeen had the highest growth of any UK city, with... |
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| Some months yet before rates start to fall |
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08 November 2007 |
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- Today’s decision by the Monetary Policy Committee to leave interest rates on hold at 5.75% was no surprise and suggests that the first cut in rates is probably some months away yet. Nonetheless, I think that a sharp slowdown in economic activity will eventually prompt the Committee to cut interest rates to 5%.
- The last few weeks have seen the first real signs that higher interest rates and the summer’s financial crisis are starting to take their toll on economic activity. The activity balances of the manufacturing and services CIPS/RBS surveys both fell sharply in October, the latter to its lowest level in...
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| A not so brave new world? |
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04 November 2007 |
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In the latest issue of the Deloitte Economic Review, our Economic Adviser, Roger Bootle, considers the consequences of this summer’s global financial crisis for the UK economy and the world as a whole. His main points are as follows:- This summer’s global financial crisis is likely to lead to a widespread re-pricing of risk, a general reduction in the appetite for lending and borrowing, lower economic growth, interest rate cuts and a significant fall in the dollar. The end result could be an increase in the political pressure on countries such as China to alter their exchange rate policies. The upshot is that the financial...
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