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 financial services compliance practice sweeps top honours |
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30 November 2006 |
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Deloitte has been recognised as Compliance Consultancy of the Year at The OStCaR (Outstanding Service to Compliance and Regulation) Awards. The annual awards are presented by The Compliance Register and are recognised as the most important qualitative assessment of excellence within the financial services compliance industry. Deloitte financial services partner, Mike Williams, was also awarded ‘Compliance Consultant of the Year’. This follows work he has done for a range of clients in the banking, securities and fund management sectors spanning conduct of business, client asset and financial rules issues. Most recently,... |
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| BT's 21CN: first stage of upgrade completed |
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29 November 2006 |
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David Tansley, telecommunications partner at Deloitte, comments:
"BT has today announced the completion of the first stage of its 21st century network (21CN) project to build one of the world's most advanced converged networks, replacing the existing Public Switched Telephone Network (PSTN). The network, built using Internet Protocol technology, will deliver a radical reduction in network operating costs for BT. By consolidating separate networks on to a single platform, the network should be more reliable and will be easier to maintain. The upgrade will enable BT and other service providers to offer a whole new range of products and... |
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| Fastest growing high-tech firms identified by 2006 Deloitte Technology Fast 500 EMEA ranking |
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28 November 2006 |
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Clear winner is wireless IT services provider MX Telecom Ltd of the UK, with average five-year revenue growth of 57,939 percent Average five-year revenue growth for all companies is 1,396 percent, double that of last year Survey of Fast 500 CEOs reveals that 87 percent of CEOs are either very confident or extremely confident that they will sustain their growth rates over the next year - the most confident EMEA CEOs have been in the six years since the ranking began.
The full list of EMEA’s 500 fastest-growing technology companies was... |
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| UK population feels increasingly threatened by offshoring with 82% not wanting more jobs moving overseas |
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28 November 2006 |
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The UK public perceive offshoring to be an increasing threat with 82% believing enough jobs have moved offshore already, according to a Deloitte/YouGov survey of attitudes to global economic competition published to coincide with the 2006 CBI annual conference. Just 4% of respondents support the continuation of offshoring and almost 1 in 3 (32%) believe UK companies should be forced to bring jobs back to the UK. Public attitudes towards offshoring have become more negative since the survey was initially conducted in January this year when 22% of respondents thought UK companies should be forced to bring jobs back to the... |
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| Largest ever reserve releases buoy up UK motor insurance profitability |
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27 November 2006 |
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The UK insurance market experienced an underwriting loss of £200m across its commercial and personal motor insurance products in 2005, according to analysis presented by Deloitte at its annual motor insurance seminar. The loss was made up of an underwriting profit of £120m for commercial lines and a £320m loss on personal lines. Deloitte’s analysis of FSA returns found that in 2005 motor insurers had a net operating ratio of 102.3%,... |
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| Deloitte Technology Fast 50 ranking announced |
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24 November 2006 |
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Deloitte, the business advisory firm, has today announced the results of its 2006 Technology Fast 50 awards, an independent ranking of the UK & Ireland’s fastest growing technology companies. The composition of the Fast 50 provides a snapshot of the current state of play in the technology sector. Simon Kerton-Johnson, Chairman of Deloitte’s UK & Ireland Fast 50, comments: “The overall diversity of this year's Fast 50 reflects the continued health of the technology sector in the UK and Ireland. The combination of innovative new services and... |
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| European Court rules out online duty free sales |
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23 November 2006 |
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The European Court of Justice (ECJ) has today ruled out the possibility of EU citizens benefiting from lower duty rates in other member states by ordering dutiable products, such as alcohol and tobacco, online from overseas vendors. The decision was delivered in the case of Mr Joustra, a Dutch national, who as part of a 70 strong wine club tried to benefit from lower excise rates in France by ordering wine there and arranging for a transport company to collect it and deliver it to his home in the Netherlands. The result comes as a surprise as it runs contrary to the guidance given to the ECJ by the Advocate... |
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| Corporates blame M&A for poor performance while overestimating their own capability |
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20 November 2006 |
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Research announced today by Deloitte, the business advisory firm, has found that private equity has become hugely successful in defeating corporates in auctions, winning 74% of bids compared with only 30% five years ago. By contrast, over half of companies in a turnaround situation state that failed M&A transactions are the chief cause of their woes. Aidan Birkett, Managing Partner of |
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| Consumer gift spending to top £16.9bn - the highest level for 12 years |
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15 November 2006 |
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Average amount spent on gifts per person will be £378, up 22% on 2005 Spending on gifts across the UK to reach a total of £16.9bn Supermarkets fall in popularity as consumers plan to choose alternative shops for their gift purchases Pubs and clubs may need to work harder to attract punters, as anticipated spend on socialising will drop to £121 per person, a fall of 16% on 2005 Total spend will be up 7.6% on 2005, highlighting a transfer of spend from socialising, to gift...
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| Deloitte appoints new transfer pricing tax partner |
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14 November 2006 |
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Deloitte has hired Owen Crassweller as a new tax partner in its rapidly expanding UK transfer pricing team. Owen joins from Ernst & Young, and brings with him 20 years experience advising European and US based multinationals on transfer pricing, tax efficient supply chain and international tax issues across all industries. Mark Atkinson, head of transfer pricing at Deloitte, said: “Owen is one of the most highly rated transfer pricing professionals in the industry. His appointment will further ensure we are increasingly well positioned to provide clients with expert advice, especially in tax aligned supply chain, where... |
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