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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| Broadcast revenues fuel record transfer spending |
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04 September 2007 |
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Transfer spending by English clubs has exceeded £500m this summer, around two thirds higher than the previous record of £300m spent in summer 2006, according to analysis by the business advisory firm, Deloitte. New owners at Premier League clubs combined with the increase in broadcast payments to clubs for the 2007/08 season, are key drivers of the unprecedented rise in spending. Paul Rawnsley, director in Deloitte’s Sports Business Group, commented: “This summer’s transfer spending by English clubs has beaten all previous records, but as Premier League clubs will receive around £300m of extra broadcast payments during... |
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| Deloitte hedge fund practice revenues double |
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03 September 2007 |
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Deloitte, the business advisory firm, has announced today that its hedge fund practice has doubled in the past year. Stuart Opp, UK Hedge Fund Leader and partner at Deloitte, commented: "As head of the UK Hedge Fund team for the past year we have seen a 100% growth in our practice revenues in 2007, we plan to double our revenues and our headcount by 2009. We continue to build our practice by responding to market demand and ensuring we offer the best service to our clients across a wide range of specializations within the sector.” Opp, added: “While a portion of our growth is due to industry expansion, our quality of... |
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| UK law firms achieve 15% growth in Q1 |
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30 August 2007 |
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The UK’s Top 100 law firms have kicked off the new financial year in style. Figures from Deloitte’s Quarterly Legal Sector Survey (QLSS) show that UK law firms’ fee income grew by 15% for the three months ended 31 July 2007 compared with the same period last year. The news is even more impressive at the top end of the sector – with firms in the top 25 achieving average growth rates in excess of 20%. This is the first quarter in which QLSS has been conducted. Deloitte invited the Top 100 UK firms to take part with the majority of firms responding. QLSS is intended to act as a barometer of industry activity. Jeremy... |
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| Deloitte records strong growth across all divisions |
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30 August 2007 |
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Deloitte in the UK reported profits available for distribution to partners and retired partners of £572m for the year ended 31 May 2007, an increase of 17% over the previous year. Revenues grew by 15.6% on the previous year to £1,802m. John Connolly, Deloitte’s Senior Partner and Chief Executive and Chairman of the Deloitte Global Organisation, commented: Business Performance
“Our performance reflects strong markets creating growing opportunities to serve our clients, our strength in gaining new clients, the importance of London as both the primary global financial and professional services... |
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| China remains number one location for manufacturers |
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28 August 2007 |
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Manufacturers are facing a number of pressures on their Chinese operations such as product safety concerns, rising labour costs, increased cost of raw materials and higher inflation. However, according to a survey by Deloitte’s Manufacturing Industry Group, China remains the number one location in which manufacturers plan to expand their operations. 68% of manufacturers are likely or very likely to establish or significantly expand their operations in China in the next five years. The number is even more pronounced amongst manufacturers with revenues in excess of... |
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| Mixed progress in television's technology revolution |
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28 August 2007 |
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A report by the business advisory firm Deloitte identifies technology as being a key driver of change in the UK television industry. And the sector is adapting to the opportunities and challenges presented by these technologies with varying degrees of success. The report, ‘Here’s one I made earlier: perspectives on the UK television sector’ will be presented to all television executives attending this year’s Edinburgh International Television Festival... |
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| Tough swift action needed to bring relief to UK farmers |
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28 August 2007 |
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The UK agricultural sector has been struck hard in recent months as bird flu and floods have both taken their toll. But Britain’s new burden in the foot-and-mouth disease could leave permanent scars. According to Deloitte, the business advisory firm, the health of UK's livestock industry is almost at breaking point and price rises are on the cards.
Richard Crane, food and agriculture partner at Deloitte, said: “A combination of factors is threatening the survival of the UK livestock industry. The rising price of wheat and soft commodities are compounding the negative impact of foot and mouth on the UK to a much... |
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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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