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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| Rise in manufacturing liquidations |
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05 May 2006 |
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The DTI insolvency statistics released today (05/05/06) show a year-on-year rise in liquidations amongst UK manufacturers. The DTI has today released Q1 2006 insolvency figures and full year 2005 data by industry (05/05/06). The data shows total liquidations for the manufacturing industry in England and Wales are up on the year before. Chemical manufacturers have been hardest hit with a 62% rise in insolvencies. Commenting on the figures, Jane Lodge, head of manufacturing at Deloitte said: "Although there have been some signs that the manufacturing sector is rallying this week, UK manufacturers continue to face... |
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| DTI insolvency figures: manufacturing and retail look wobbly while personal bankruptcy rockets |
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05 May 2006 |
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While the total UK company liquidations figures, announced by the DTI today, have shown a small rise of 5%, manufacturing and retailing are showing much stronger signs of distress. Even more striking is the leap of 81% in the personal insolvency figures compared with last year. Lee Manning, Reorganisation Services Partner at Deloitte, commented: “The big increases this year have been in manufacturing where chemical manufacturing in particular is up 62%, and certain areas of retailing such as food, drink, tobacco and filling stations (over 40%). UK manufacturers at home are being increasingly squeezed out... |
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| Talk of higher rates may still be a bit premature |
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04 May 2006 |
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Today’s decision by the Monetary Policy Committee to leave interest rates at 4.5% for the ninth consecutive month will prompt more people to think that the next move in interest rates will be upwards. But I still think that the chances of further rate cuts have not completely evaporated. Admittedly, the latest data suggests that economic growth may finally be rebalancing away from the consumer sector and towards industry, with industrial production rising at a faster rate than services output in Q1 for the first time since Q3 1999. What’s more, the recent strength of the CIPS and...
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| A growing world economy is not enough for UK PLC |
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30 April 2006 |
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In the latest issue of the Deloitte Economic Review, Deloitte’s Economic Adviser, Roger Bootle, looks at whether the UK is well placed to take advantage of the opportunities created by the strength of world demand. His main points are as follows: The large and booming markets of Asia, such as China and India, provide a golden opportunity for the UK over the long-run. And the resurgence of a more established nation, namely Japan, improves the prospects for UK exporters further. But the UK’s...
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| Deloitte retail study shows Tesco is the fifth largest retailer in the world |
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27 April 2006 |
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The performance of the UK’s biggest retailers in the last five years shows Tesco is not just at the forefront of the UK retail industry but is now one of the leading global players in the industry. The UK’s leading supermarket holds the top spot as the UK’s biggest retailer ahead of names such as Sainsbury, Kingfisher, Marks and Spencer. It has also moved up one place in the global list this year and is now the world’s fifth largest retail company.
‘The Global Powers of Retailing 2006,’... |
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| Financial Services industry fears risk to reputation in battle against ID theft |
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24 April 2006 |
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Major players in the UK financial services industry are more concerned by the reputational risk posed by identity theft than meeting a direct financial loss, reveals a study published today by business advisory firm Deloitte. However, the study also reveals that identity theft could account for up to 40% of total fraud losses in financial service organisations*.
Mike Maddison, Leader of Security & Privacy Services at Deloitte, commented: “The organisations we spoke to consistently rated protection of reputation and brand as more... |
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| M&A pulls its socks up |
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13 April 2006 |
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Research announced today by Deloitte, the business advisory firm, has found a marked improvement in integration practices since the dot com bubble burst in 2001.
Angus Knowles-Cutler, Corporate Finance Partner at Deloitte and integration expert, commented: “Many acquisitions do not deliver the value anticipated. In 2003, we found that a striking 60% of deals destroy value. We have tracked the ‘health’ of 63 deals over the last ten years (with a total value in excess of £80 billion) before, during and after the merger and analysed their integration strategies as part of this process. Our sample group has shown a marked leap... |
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| Sir Digby Jones to join Deloitte |
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10 April 2006 |
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Deloitte, the Business Advisory firm, has appointed Sir Digby Jones to a new and important role in the firm. Sir Digby will become Chairman of the Deloitte Industries Group and a senior adviser to CEO John Connolly. This will become Sir Digby's primary role when he completes his six and a half years as Director-General of the CBI at the end of June. John Connolly, Senior Partner and Chief Executive at Deloitte, commented "We are extremely pleased to announce Sir Digby's appointment. In his role as Director-General of the CBI, Sir Digby has been widely recognised for his superb representation of UK business, both in the UK and... |
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| New guide urges local authorities to release £5bn from property rationalisation |
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08 April 2006 |
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Local authority property portfolios need to be reassessed to meet 21st century needs according to a new guide co-authored by the Urban Land Institute and Deloitte.
’Ten Principles for Creating Value from Local Government Property’ launched today (8 April) looks at best practices for creating value from local government property in the UK. The guide is the first in a series and focuses on the buildings local authorities occupy to coordinate and deliver public services.
In the context of above inflation rises in Council Tax, pressure... |
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| Winners & losers in convergence: telecommunications operators risk being squeezed out of revenue raising opportunities |
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07 April 2006 |
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According to Deloitte, recent debate about telecommunication operators charging internet companies to distribute their content over the Internet should not come as a surprise.
Jolyon Barker, head of technology, media and telecommunications at Deloitte comments:
“Convergence across the technology, media and telecoms sectors brings with it the threat that operators, particularly fixed operators, will struggle to get their full share of convergence revenues. Connectivity, particularly broadband, is forming the basis for a growing number of converged services. Emerging applications, such as VoIP and video security systems, as well as... |
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