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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| Deloitte receive special award in Top 50 places women want to work |
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02 October 2007 |
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For the second consecutive year, Deloitte has been ranked as one of the Top 50 organisations Where Women Want to Work. The prestigious award by The Times and Aurora saw entries from hundreds of the UK’s leading companies. The top 50 list comprises those organisations the judges consider have created a great place for women to work. At an awards ceremony in London, Deloitte were also presented with one of only six special awards. Deloitte won the ‘connectivity’ category for the initiatives the firm has introduced to allow employees to stay linked into the organisation. They were the only professional services firm to receive... |
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| Deloitte response to Radiohead giving away their new album |
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01 October 2007 |
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James Bates a director in the Media and Entertainment division at Deloitte said “There are two possible motives that would explain the move by Radiohead to let their fans pay as much or as little as they like for their latest album. While they have enough money and popularity it could be argued that they care deeply about the creative process and this move maybe genuinely altruistic in support of their fan base. Or perhaps they expect this model will drive revenues through the sale of ancillary goods and ultimately there would be no loss in overall revenues. Whichever it is, it would appear that for Radiohead the record company model... |
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| Pension schemes gain despite market turmoil |
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27 September 2007 |
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Despite the recent turmoil in global markets, the total surplus in the pension schemes of the FTSE 100 companies has now increased to £22 billion. Pension schemes invest a significant proportion of their funds in equities and other risky investments to grow the assets faster than their liabilities in the long term. Despite the recent turbulence in markets linked to “sub-prime” mortgages and loans, the return on the UK equity market has been around 5% since the start of the year. David Robbins, a Pensions partner at Deloitte, comments: “The majority of pension schemes have little direct exposure to sub-prime loans and... |
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| STR Global to provide the definitive global lodging data benchmarks |
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27 September 2007 |
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Smith Travel Research (STR) and Deloitte have signed a letter of intent to combine their Non-North American hotel benchmarking businesses. The new entity will be known as STR Global (STRG) and, under the terms of the letter of intent, it will unite STR’s operations with Deloitte’s HotelBenchmark business to provide unprecedented and enhanced coverage of global lodging markets. Randy Smith, owner and founder of STR, and Alex Kyriakidis, Deloitte’s managing partner for real estate hospitality and leisure, announced their intentions to their global customer and client base. “As our customers look globally for new opportunities, STRG... |
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| Walker Institute joins forces with Deloitte to advise on the impacts of climate change on business |
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26 September 2007 |
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In response to the increasing number of companies looking to understand the impact of weather on their business, the University of Reading’s Walker Institute for Climate System Research and Deloitte, the business advisory firm today announced a joint initiative to provide scientific research and analysis into the implication of local and regional changes in climate and weather extremes on business. The devastating floods in the UK during 2007 show just how vulnerable property and infra-structure are to extremes in the weather. If such extremes become more frequent – as predictions of climate change suggest – the impact on business... |
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| European buy-out market peaks in first half |
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25 September 2007 |
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Figures announced today by CMBOR, the pre-eminent provider of analysis on the European and UK buy-out markets founded by Barclays Private Equity and Deloitte, has shown that the European buy-out market had a record first half total value of €91.8 billion; this is a 15 per cent increase on the first half of 2006. Commenting, Mark Pacitti, Corporate Finance Partner at Deloitte, said: “The UK is still the largest market at €35 billion, followed by France at €15.8 billion and Germany at €14.4 billion. Secondary buy-outs were the most valuable source in Continental Europe (€20.2 billion) and public-to-privates the most valuable in the... |
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| Executive remuneration evolves as FTSE boardroom opportunities decline |
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24 September 2007 |
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Executive director roles in large listed UK companies decline dramatically M&A activity has added to the squeeze on boardroom opportunities Remuneration plans increasingly aligned to business strategy Performance measurement moving away from one size fits all approach.
The number of executive directors in FTSE 350 companies has declined for the fifth year running, resulting in 20% less positions than there were five years ago, according to a |
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| Deloitte comments on proposals for a carbon tax on flights |
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21 September 2007 |
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Following easyJet’s proposals earlier this week, Jason Moore, environmental tax partner at Deloitte, comments on the opportunities and challenges of implementing a carbon-based tax on all UK flights:
“Proposals to replace Air Passenger Duty with a passenger (and perhaps a freight) carbon tax would make the carbon cost of each flight clearer for consumers. A tax based on the level of carbon emissions per flight would make the relative carbon cost of a flight easier to understand and are an interesting contribution to the broadening debate around carbon taxes."
“In its current form the relatively low ‘flat rate’... |
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| Deloitte real estate team in Times challenge final |
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20 September 2007 |
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A Deloitte team has reached the finals of The Times Leadership Challenge for the third consecutive year. The final, which takes place in Malawi from 9 to 15 October, will see the Deloitte team pitted against teams from BDO, London & Quadrant and Kingston Technology.
Over 60 teams have taken part in the competition this year which aims to develop young leadership talent. Teams have to meet various physical and mental challenges that stretch their planning, decision-making, resource management and creativity skills. Five teams from Deloitte took part in the challenge this year, which forms a key part of Deloitte’s community... |
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| Biggest cause of banking security breaches is the human factor |
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19 September 2007 |
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Biggest cause of banking security breaches is the human factor; 65% of financial services organisations report external security breaches; Almost a third (31%) report security breaches by employees; 98% report that investment in information security continues to rise as a result of increasing board level focus.
Financial institutions continue to face significant challenges addressing security breaches, according to a new survey of financial services companies by Deloitte, the business advisory firm. The security... |
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