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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| Last call for 2007 Deloitte Fast 50 |
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24 August 2007 |
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The deadline for entry to the Deloitte Fast 50 Technology awards 2007 is due to close on 31 August 2007. The Deloitte Fast 50 Technology awards, now in its 10th year, is open to any technology company demonstrating consecutive growth through five years of accounts. The awards identify and showcase the top 50 fastest growing technology companies in the UK. Previous winners of the Deloitte Fast 50 Technology awards include household names such as multimap.com, lastminute.com and technology success stories such as Logica CMG and Autonomy. Simon Kerton-Johnson, Chairman of Deloitte’s UK Fast 50 technology awards... |
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| Record funds raised on AIM |
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21 August 2007 |
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According to research compiled by Deloitte, the business advisory firm, the total amount of money raised in Q2 from companies on AIM was the highest ever in the history of the market. £7bn was raised compared with the previous record of £5.3bn, which was achieved in both Q2 and Q4 in 2006. Of the £7bn total, there were record secondary fundraisings on AIM in Q2 - £4.6bn raised compared with the previous record of £2.4bn in Q2 2006. At the end of June 2007, 1,656 companies had listed on AIM over the 12 month period; this consisted of 1,337 UK companies and 319 international. James Ferguson, Capital Markets partner at... |
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| Motor manufacturers must adapt as company fleets go green |
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21 August 2007 |
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Automotive manufacturers must deliver greener vehicles if they are to cope with future demands from the highly lucrative fleet market. Changes to the taxation of company cars across Europe mean businesses with high CO2 emission vehicles in their fleet will face higher costs, increasing demand for low emission vehicles. The UK is leading the way in targeting the carbon footprint of company car fleets. From April 2008, tax relief on company cars is expected to move to an emission basis, with 120g/km and 165g/km becoming key benchmarks. At present, the average carbon output for a company car in the UK, is around 170-180g/km. With... |
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| New stadiums boost football club turnover by 66% |
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14 August 2007 |
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New stadium openings continue to grow in popularity. 25 new club football stadia have been built in England since 1990 and eight clubs in this season’s Premier League play in stadia built since the Premiership began. At least half of all Premiership clubs have plans for further investment in new stadia or redevelopment of their existing ground. New figures from the Sports Business Group at Deloitte show that clubs with new stadia are reaping the benefits of their investments. In the first season at a new stadium, football club turnover (excluding broadcast income) increases on average by 66%.
Increases in turnover were... |
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| Manufacturing administrations down by 20% |
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14 August 2007 |
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Latest analysis of administration figures by Deloitte, the business advisory firm, has shown that in the first half of this year there has been a 20% decrease in administrations in the manufacturing sector compared with the same period in 2006. In the first half of 2007, there were 297 administrations compared to 371 in the first half of 2006. Lee Manning, reorganisation services partner at Deloitte, commented that these figures should be treated with caution: “Over the last couple of years we have seen so much liquidity chasing a scarcity of quality deals. This is now changing, and with interest rates rising we will see an... |
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| Deloitte hosts event to support diversity debate |
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14 August 2007 |
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Deloitte has today hosted a high profile event, in association with the Learning and Skills Council and Focus Consultancy, to promote debate on diversity in UK organisations. The debate was attended by representatives from a number of the UK’s leading firms and public bodies including HBOS and BT and by Trevor Phillips, Chair of the Commission for Equality & Human Rights. Welcoming attendees to Deloitte Sharon Fraser, Deloitte’s Managing Partner for Talent acknowledged the importance of diversity to Deloitte and organisations more widely: “Our research shows demographic shifts such as the retirement of the Baby Boomers... |
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| Financial Mathematics student gets helping hand from Deloitte |
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13 August 2007 |
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A Deloitte initiative aimed at unearthing new talent is providing dissertation support to a student the firm hopes will eventually join its actuarial practice.
Heriot Watt postgraduate Xiaodan (Candy) Zhu is currently working in Deloitte’s Glasgow office producing her dissertation on ‘Risk Measures and Fair Allocation of Risk Capital’. Chinese-born Candy, who lives in Glasgow, is hoping to follow in the footsteps of Caroline Twomey who made the same path from university to Deloitte two years ago.
Deloitte’s Actuarial & Insurance Solutions offering has grown rapidly over the last two years with a team of 10 in... |
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| Increase in interest rates not impacting corporate insolvencies yet |
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03 August 2007 |
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Latest analysis of insolvency figures from The Insolvency Service has indicated that the number of individual insolvencies has decreased by 8.1% on the previous quarter but increased by 4.2% on the second quarter of 2006. In the second quarter of 2007, there were 26,956 individual insolvencies. This comprised 16,258 bankruptcies, a decrease of 2.9% on the previous quarter and an increase of 7.7% on the same quarter of 2006, and 10,698 IVAs, a decrease of 15.1% on the previous quarter and a decrease of 0.7% on the corresponding quarter of the previous year. Neville Kahn, reorganisation services partner at Deloitte, commented: “The... |
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| Deloitte continues to grow its technology assurance and advisory team with new partner appointment |
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02 August 2007 |
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Deloitte, the business advisory firm, has further strengthened its Technology Assurance and Advisory practice with the appointment of Andrew Winters to head up its Midlands-based team. Andrew, who has more than 15 years’ experience in the provision of technology risk solutions, has joined Deloitte as a partner from PricewaterhouseCoopers where he was responsible for its Risk Assurance Services practice in the North East. Andrew has worked with and advised many major organisations including the Department for Business, Enterprise and Regulatory Reform (formerly the DTI), Corus, British Nuclear Fuels Ltd, Pearson and Axa on... |
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| The MPC’s work is not yet done |
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02 August 2007 |
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Today’s decision by the Monetary Policy Committee to leave interest rates on hold at 5.75% does not signal that interest rates have peaked. Instead, the Committee is just pausing for breath. I believe that interest rates will rise to 6%, perhaps as soon as next month. The latest data suggest that the five interest rate rises seen in the last 12 months so far have had little impact on the economy. Although the Nationwide reported that house prices rose by just 0.1% in July, prices are still increasing at an annual rate of 10%. And the number of new mortgages approved for house...
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