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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| UK beer drought could threaten World Cup |
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09 June 2006 |
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As the World Cup starts retailers and brewers will be watching the effects of sponsorship, advertising and product promotions on the sales of beer. Research from the business advisory firm, Deloitte, reveals 50% of British consumers believe brand is more important than price when choosing which beer* to buy. Retailers keen to cash in on the boost of sales of beer during the World Cup may struggle to predict how much they need to satisfy demand. According to Deloitte, using England’s performance in the World Cup as a forecasting tool could be dangerous. Tim Wilson, director in consulting at Deloitte said: “Getting the... |
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| Hospitality 2010: Five “mega-trends” to shape future financial success |
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08 June 2006 |
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The hospitality industry will need to address five major issues over the next three to five years, including brand, emerging markets, human capital, technology and operating models. These factors will be key drivers in determining winners and losers through 2010 and beyond, and will heavily impact shareholder value, according to a new report by Deloitte and the Preston Robert Tisch Centre for Hospitality, Tourism and Sports Management at New York University. The Baby Boomers in the United States and Europe are a huge demographic with enormous amounts of disposable income. Alex Kyriakidis, Global Head of Tourism, Hospitality and... |
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| Rates to remain on hold for the rest of the year |
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08 June 2006 |
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The Monetary Policy Committee today decided to leave interest rates on hold at 4.5% for the tenth consecutive month, and rates are likely to remain there for the rest of the year too. Admittedly, the Committee has recently moved closer towards a rate hike as David Walton voted for an immediate interest rate increase at May’s meeting. And the term of Steve Nickell, who voted to reduce interest rates in each of the previous six meetings, ended last month. Some of the latest data has been supportive of higher rates. Indeed, there remain upside risks to inflation as the...
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| Bullet Point Presentation Limited & Ocular Display Products Limited in administration (‘Bullet Point’ or “the Group”) |
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08 June 2006 |
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Ian Brown and Adrian Berry of Deloitte were appointed administrators of Bullet Point on 5 June 2006. Bullet Point is a provider of interactive white boards, hardware and software to the educational sector. The Group supplies to individual schools and local education authorities offering bespoke products and installation. In the last twelve months trading deteriorated resulting in the directors appointing Administrators The Administrators made 37 redundancies on appointment reflecting the deterioration of trading conditions. Operations continue from the leasehold premises in Holbeck, Leeds on a limited basis whilst... |
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| Public sector misses out on savings opportunity due to lack of take up of shared services |
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07 June 2006 |
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Deloitte, the business advisory firm, has today launched a report which argues that the public sector is missing out on substantial savings as a result of not implementing shared services. Shared services is the consolidation and sharing of services by different units within an organisation. John Binns, public sector consulting partner comments: “The case for shared services has long been argued, and has been documented in numerous government publications, including the Gershon Efficiency Review, and forms part of the Transformational Government strategy. However shared services have yet to take off in the public sector. The... |
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| Deloitte expands insurance practice |
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05 June 2006 |
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Deloitte has today announced a number of senior appointments to its rapidly expanding specialist UK insurance team. Andy Todd will be joining as a partner, from Aviva, where he was director of tax for Aviva plc’s life business. Andy brings over 11 years experience in taxation issues affecting the financial services sector. Prior to joining Aviva in 2001, Andy spent over seven years at Arthur Andersen where, as a senior tax manager, he specialised in providing advice to major blue chip life and general insurance companies. Andy, aged 38, will join Deloitte in the autumn and work out of both its London and Leeds offices, reflecting... |
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| Deloitte announces 38 new partner promotions |
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01 June 2006 |
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Deloitte has announced today the admission of 38 new partners to the UK firm with effect from 1 June 2006. John Connolly added, “We are extremely pleased to see the promotion of so many high calibre and talented people across all our business areas; audit, tax, consulting and corporate finance. “Our strategy is to ensure that we recognise and retain home grown talent while also recruiting direct entry level partners to provide the broadest and deepest range of expertise to our clients. We have ambitious plans to bring on board over 100 new partners and almost 2000 new people over the next two years.... |
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| Premiership wages drop for first time ever |
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01 June 2006 |
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Deloitte’s latest Annual Review of Football Finance, released today, reports that Premiership clubs’ total wages have dropped for the first time in the league’s history. The report also confirms that, the Premiership clubs remain by far the biggest earners in world football, with the top 20 clubs generating over £1.3 billion in revenue. Dan Jones, Partner in the Sports Business Group at Deloitte, commented: "Over the past decade, we have seen Premiership wages rise by an average of 20% each year. The 3% reduction in the total wage... |
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| US dominance of the retail league table weakens |
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30 May 2006 |
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Top 250 global retailer league table reveals softening grip of US-based retailers Discount stores leap up the league table as they aggressively expand into new Markets Chinese retailers will have greater presence in the top 250 in the years ahead Wal-Mart, which alone accounted for 10% of the Top 250’s combined sales
Dominance of US-based retailers in the global retail league is shrinking. Despite being one of the largest retail markets in the world and home to some of the biggest names in retail, over the last four... |
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| Financial Services Industry: Leaders in Denial |
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29 May 2006 |
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According to a report launched today by Deloitte, the business advisory firm, by 2010 financial services providers will face a major challenge to their business model from globalisation. The report, based on interviews with CXOs of the world’s 175 largest financial services organisations, studies the top trends, challenges and opportunities facing financial services providers and encourages organisations to rethink their growth strategies. Globalisation is expected to have the largest impact on profits in financial services across the next three years, with 65% of CXOs highlighting globalisation as the biggest issue... |
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